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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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To: longnshort who wrote (358)4/17/2005 9:25:19 AM
From: Doug R  Read Replies (1) of 1183
 
George Crispin?
Yep a homeschooler in Alabama sure is an authority.
All that nonsense started with an article in the NYT by Christopher Cooper.
oralchelation.com
Asia Times once dissected his disinformation technics:
atimes.com

The article you pointed to is fraud. It starts with mysteries and something "unexplained"

By 1989, production had slowed to about 4,000 barrels a day.

Then suddenly -- some say almost inexplicably -- Eugene Island's fortunes reversed. The field, operated by PennzEnergy Co., is now producing 13,000 barrels a day, and probable reserves have rocketed to more than 400 million barrels from 60 million

and only after one has read through all the academics cited out of context one finds:
The Eugene Island researchers began their investigation about the same time that 3-D seismic technology was introduced to the oil business, allowing geologists to see promising reservoirs as a cavern in the ground rather than as a line on a piece of paper.
...
A third well was drilled at a spot on an adjacent lease, where the fault disappeared from seismic view. The researchers missed the stream but hit a fair-size reservoir, one that is still producing.

Conclusion: An oil well ran dry. Someone did new research with new methods to look at some interesting geologics in that area. Then they drilled a new well at a new site near the old one and that did produce some amount. - almost inexplicabe - isn´t it?

moonofalabama.org
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