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Politics : Foreign Affairs Discussion Group

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To: mistermj who wrote (206965)10/25/2006 11:49:10 PM
From: jttmab  Read Replies (1) of 281500
 
Peak oil huh?

From the list....

(10/19/2006) HOEC's Vinayak off SE India fails to find hydrocarbons

(10/19/2006) Deepwater Huntsman fails to find mark off Western Australia

(8/21/2006) Sinopec fails to find significant pay in Iranian block

(8/8/2006) Hycarbex's Al Ali-1 fails to find significant gas reserves [Gas? I thought you were talking about "oil"]

I think you'll find, if you actually read through the list that there are quite a few gas explorations. Myanmar, for example is gas. You'll also find that a discovery doesn't necessarily mean that they are commercially viable.

Even with the oil finds that doesn't necessarily mean there is an increasing capability to produce oil on a global measure. Existing oil wells are been depleted. Are you going to continue to find and commercially produce oil at a rate that exceeds the depleting oil production of existing fields?

This does require reading if you dare.

peakoil.net

jttmab
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