I just read the dumbest, most short-sighted article, on BP's oil discovery in the Gulf of Mexico's Keathley Canyon Tiber Prospect, about 200 miles off the coast of Parde Island Texas, in 10,564 feet (3,220 m) feet of water of 3 billion barrels of oil. The well that shows promise hit a field at 35,055 feet (10,685 meters). (almost Mariana's Trench depth 11,033 meters (36,201 feet))
To quote the AP article: ""It will ease concerns about peak oil because it shows there is life left in these mature areas," he said, adding that it could be the second half of the next decade before the find is producing."
That is ridiculous! 3B barrels of oil, at the current world consumption rate of 85 million barrels a day, means "BP just found 36 more days of oil!" Whoop-dee freakin dew! It goes right along with the moronic paradigm of "drill baby drill". So in the "second half of the next decade" there will be a trickle of oil that amounts to 36 days of world consumption. I've gotta go out and buy a used Hummer! No - actually, my buddy Ron alerted me to one of these sweet feats of German engineering .
1 year ago