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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (62086)	3/19/2010 1:51:55 AM
From: JimisJim	1 Recommendation Read Replies (5) \| Respond to of 219658

As an old grey-bearded patch person, I simply find it amazing that any oil is going to be produced in water that deep AND beneath a thick layer of "liquid" salt (because of the heat and pressure) that is constantly shifting/flowing. Just thinking of a drill string/production casing a couple miles long before even hitting the sea floor (think of the huge unbelievable water pressure and just this side of frozen water temps), then continuing even deeper under the sea floor through even higher pressure liquid salt that is sizzling hot -- well, it's an engineering nightmare. The fact that there is a reasonable chance that given enough money, it is possible at all is simply mind boggling considering that even just 10-15 years ago, drilling in 5000 ft. of water in much kinder and simpler fields was considered miraculous. The above is why I continue to even hold onto any shreds of optimism that our technological advances might make it possible to delay or at least mitigate to some degree the effects of depletion, etc. in the cheap and easy fields around the world. The key will be how much money the energy markets can get for production from such projects vs. what the world economies can support without imploding. Jim