A few more points, Scott.
This "promises" 400K BPD in 2013; in the meantime, Saudi production has declined by 500K barrels over the last year.
one interesting geographical point is the position of the jack discovery in the GOM. by eyeballing it's position on the NOAA tropical cyclone heat potential map, i get jack's position abutting the big brown blob (BBB), a daughter of the gulf stream loop current. the other discoveries such as St. Malo , Stones,Chinook and Cascade are in the BBB:
i don't know jack about meteorology, but won't GOM hurricanes intensify right over these guys heads?
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Woilf on Tuesday September 05, 2006 at 9:29 PM EST
Oh, yeah, the location of Jack is "ideal" for being nailed by a strong hurricane (or more), say given a decade to decades time interval. That region is most vulnerable in the later season, from Aug to Oct. While still out over the GOM, there's a tendency for strong hurricanes to weaken a category or two as they move toward the Gulf States, perhaps partly due to entraining drier air off of the continent as they approach land (one exception was Camille). The location of Jack is far enough out that it wouldn't have this kind of protection--so far offshore, a Cat IV or V storm is a more likely.
Message 22791587
and from that same link, the discovery looks more impressive because they way low-balled our consumption figures...
Correction on our oil consumption; appears MSM missed our actual consumption by almost 2 Bil barrels; they were only off by about 25%...
Ive seen that number several times in the last few days. According to BP statistical site, US consumed 7.5 billion barrels in 2005, not 5.7 billion. |
