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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (72788)	6/18/2008 7:39:04 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 542139

We're using the best available technology. But, improved technology just gets the oil out more quickly, not more oil overall. When the fields crash, they don't deplete at the average of 2% or so; more like 8%. The life of an oil reservoir theoildrum.com There is sometimes talk by the oil companies that they could do a better job running overseas fields. This was just addressed on the Oil Drum by Jeffrey Brown... Peaks happen, even in Saudi Arabia The ExxonMobil story will be that if they were in charge, they could keep Saudi production rising for decades. Here is my succinct argument against the Exxon/Mobil & CERA assertion that major oil companies, by using the best available technology, with virtually unlimited access to drillsites worldwide, can increase conventional production for decades to come: This is the Texas and North Sea peaks lined up with each other. These two regions were developed by private companies,using the best available technology, with virtually on restrictions on drilling. Note that the North Sea peaked when it was about 50% depleted, based on the logistic (HL) model. === June 16, 2008, 6:34PM Thunder Horse platform finally pumping after three-year delay By KRISTEN HAYS Houston Chronicle Copyright 2008 BP's long-delayed Thunder Horse platform in the Gulf of Mexico is finally pumping oil and gas. BP spokesman Ronnie Chappell said today that Thunder Horse started pumping from a single well on Saturday, launching the start of a lengthy commissioning process. chron.com Lots of the deep water rigs for the Gulf have been leased by SA. There is a world shortage of rigs. bloomberg.com