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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (176222)	11/29/2005 2:41:22 AM
From: mistermj	Respond to of 281500

Peak Oil Debunked >>Regarding water production, this is a natural and unavoidable aspect of oil and gas production and often intentionally induced by water flooding. Water injection helps boost production by sweeping the oil out of the reservoir and maintaining its pressure. We are doing this in Texas every day, producing more than 1 million barrels of oil with a water-oil ratio over 12! In Prudhoe Bay this ratio is more than 3. By comparison, the estimated water-oil ratio for Saudi Arabia is slightly over 1. When considered with the long-term high oil production, this low ratio is a strong testimony to the thickness and size of Saudi oil zones and their ability to sustain this production for some time. Depending on specific location, each barrel of produced water may cost the operator $0.10-$2.00. At today’s prices, one can produce 20 barrels of water for each barrel of oil and still maintain a profitable operation. And the Saudis are a long way from it!Source<< peakoildebunked.blogspot.com

To: Dennis O'Bell who wrote (176222)	11/29/2005 10:43:18 AM
From: bentway	Read Replies (1) \| Respond to of 281500

It DOES take a lot of energy to split the oil from oil sands. Canada is building a nuclear reactor, much of the energy from will be used for just this purpose. In Utah and a lot of the western US, they have oil shale, which is even harder to extract the usable oil from than the sand, as it has to be pulverized first. All of this is happening because the price of oil will be trending UP from here on out. The easy oil will be GONE in just a few years. The "easiest" oil, light sweet crude, is almost gone now.