400 billion barrels in the Arctic!

Ferretlover

This is setting the stage for future military problems with Russia, who has already made the same claim, and is, as noted in another thread, currently training troops in the Artic.
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"RRrrruuuunnnn!!!" ~Apocalypto

Nicholai

Bas

dissident · Heavy Crude Joined: Apr 08, 2006 Posts: 417

It is time for some innovation. Underwater drilling rigs and pipelines to ice free regions (e.g. Barents Sea).

The original poster is right the 400 billion figure is BS. And even it were true it is only 13 years worth of world consumption.

3aidlillahi

Remember the 200 billion figure for the Caspian Region? Then when they actually did the drilling, it was reduced to 50 billion. Unless they are counting on reserve growth and extensions for the other 150 bln. This stuff is starting to get really laughable anyway. Reminds me of the 300 trillion barrels that were "discovered" on the moon by the Enquirer.
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Riches are not from abundance of worldly goods, but from a contented mind.

KingM

AgentR

alecifel

Serial_Worrier · Heavy Crude Joined: Jun 05, 2008 Posts: 233

rockdoc123 · Light Sweet Crude Joined: May 16, 2005 Posts: 1676

dissident · Heavy Crude Joined: Apr 08, 2006 Posts: 417

Let's suppose 400 billion is there. You actually think you (i.e. your tribe) is going to get all of it, KingM?

Oil on this planet is not randomly distributed but occurs a few locations with the right geology. The Beaufort and North Slope of Alaska have been explored enough to show that there is no 400 billion there. The Canadian Arctic Islands are clearly not swimming on oil. So you are left with the deep water shelf extensions to the North Pole. Game over for the 400 billion dream since this is not shallow North Sea, Beaufort, Alaskan shelf or Barents Sea territory which lies only a few hundred meters below the surface. It is ten times deeper. The chances of finding anything at these depths is poor. The frenzy around Arctic oil is delusional, after all why not simply move out into deeper waters from existing shallow water oil fields? Why is there more oil at 4 km beneath the surface in the Arctic than anywhere else at this depth where sedimentary rocks occur?

The only promising prospects in the Arctic are on the shallow part of the Russian shelf and it is most likely to be natural gas fields. The Barents Sea has yielded gas fields, Timan-Pechora has yielded a few small oil fields. Most of the shelf has not been explored.

Bas

dissident · Heavy Crude Joined: Apr 08, 2006 Posts: 417

USGS article

From the USGS estimates (regardless of how accurate they are) it is clear that the prospects for deep oil in the Arctic are small, just like everywhere else. The above map shows that all the action is in the Russian sector and puts the propaganda about "Russian Arctic oil grab" into perspective. The only ones doing any oil grabbing are NATO member oil addicts.

doodlebug2 · Tar Sands Joined: May 25, 2008 Posts: 52

As one poster stated,
"I can know buy my F-750 double cab dually lifted, big tires and all.
I am so happy all that cheap gas and oil will soon arrive to my nearby Sunoco station" hahahahahaha