[vampyregirl]

One: Global energy demand is increasing.
From 1980 to 2000 world energy demand grew about 1.7% per annum. Since 2000 growth has accelerated, driven by economic growth in China, India and other developing nations. The lowest projections show energy demand will continue to grow at 1.7% per annum while other projections show a demand growth of 2.5%. At that rate demand in 2030 will be twice what it was in 2000.

Two: To tap new resources means spending more on exploration and development to find and tap into ultra deepwater fields as we are doing in the Gulf of Mexico and technology investments to convert oil sands into marketable crude as we are doing in Canada. It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.

[Schmuto]

Stooge.

[vampyregirl]

Ultra deepwater is a pipedream. Where is Jack?
--Oil sand production is stuck at 1 mbd, and water and citizen patience is running out.
--At most Alaska has 10 billion new barrels, enough for 6 months. The original pipeline is old and rusty and the cost to tie in the new fields is exhorbitant. None of this will make up for 6.7% annual decline rates.

Ever heard of the Chukchi Sea? A lot more than 10 million barrels there. As for deepwater have you ever heard of Perdido or Thunderhorse or Bonga?

[Ludi]

One: Global energy demand is increasing.

So what?

It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.

Why "must" they?

[vision-master]

One: Global energy demand is increasing.
From 1980 to 2000 world energy demand grew about 1.7% per annum. Since 2000 growth gas accelerated, driven by economic growth in China, India and other developing nations. The lowest projections show energy demand will continue to grow at 1.7% per annum while other projections show a demand growth of 2.5%. At that rate demand in 2030 will be twice what it was in 2000.

Two: To tap new resources means spending more on exploration and development to find and tap into ultra deepwater fields as we are doing in the Gulf of Mexico and technology investments to convert oil sands into marketable crude as we are doing in Canada. It also means that policy makers must grant access to areas where federal restrictions limit oil exploration and drilling, such as Alaska.

When the music's over, turn off the lights.........

[Fishman]

Vgirl
You bring up some important issues, and IF things remain status qou then it seem to bear themselves out. There will be numerous modifications between point A and point B however, cost, demand changes, others sources. Pstar brings them out in one manner, some of his points are debatable however. As usual schmuto is noncontributory.
The challenge with you statement is MUST

[TheDude]

Ultra deepwater is a pipedream. Where is Jack?
--Oil sand production is stuck at 1 mbd, and water and citizen patience is running out.
--At most Alaska has 10 billion new barrels, enough for 6 months. The original pipeline is old and rusty and the cost to tie in the new fields is exhorbitant. None of this will make up for 6.7% annual decline rates.

Ever heard of the Chukchi Sea?

"All too easy."



Offshore Oil & Gas News: Shell plans Alaska drilling program despite court ruling

ANCHORAGE, ALASKA: Shell plans to drill its first test well in the Chukchi Sea in the summer of 2010 or 2011, using the Frontier Discoverer drill ship. The company also plans to drill a second well in the Beaufort Sea with the same vessel later in the summer, according to Pete Slaiby, general manager for Shell Exploration and Production's Alaska operations.

"You can be sure of Shell."

And what do these regions have to show for all this drilling in the past? 75 kb/d from Northstar, 5 dry holes in the Beaufort, and Mukluk, $2 billion to extract salt water.

As for deepwater have you ever heard of Perdido or Thunderhorse or Bonga?

That's all you got? Hell, here's everything in Wiki under ODW:

Espadarte Mod 3
Parque das Conchas (BC10 - Ostra; Abalone; Nautilus; Argonauta)
Roncador Mod 4 (P62)
Block 15 Kizomba (D) Satellites (Clochas; Mavacola; Tchuhumba; Kakocha; Reco Reco; Vicango; Mbulumbumba; Bavuca)
Block 14 Malange Pinda
Perdido Hub (Great White; Tobago; Silvertip)
Big Foot
Block 14 Lianzi
Block 17 CLOV (Cravo; Lirio; Orquidea; Violeta)
Papa Terra Modules 1,2
Block 18 West (Platina; Chumbo; Cesio)
Blind Faith
Marlim Sul Mod 2 P-51
Tupi Pilot
Block 31 SE PAJ (Palas; Astraea; Juno; Urano; Ceres; Hebe; Titania)
Block 31 NE PSVM (Plutao; Saturno; Venus; Marte)
Marlim Sul Module 3 (P-56)
Marlim Sul Module 4
MA field (KG-D6)
Cachalote Ph 2 (Baleia Franca; Baleia Ana)
Block 14 Negage
Thunder Horse
Urugua Tambau
Tahiti
Block 14 Lucapa
Akpo
Agbami
Block 17 Pazflor (Perpetua; Zinia; Hortensia; Acacia) Miocene Pole
Tubular Bells
Tupi EPT
Ursa Princess Exp
Droshky; Ozona
Baleia Azul
Azurite
Marlim Leste P-53
Gumusut-Kakap
Puma
Froy
Shenzi
Jack; St Malo
Thunder Hawk
Roncador Module 3 (P55)
Jubarte Ph II (P57)
Jabuti (FPSO Cidade de Niteroi)
Moho Bilondo
Ca Ngu Vang (Golden Tuna)
Jubilee (Mahogany; Hyedua)
Cachalote Ph 1 (Baleia Franca)
Frade Ph 2
Goliat
Chinook, Cascade
Frade Ph 1
Egina
Block 32 GCG (Gindungo; Canela; Gengibre; Mostarda)
Ichthys

Like Alex Jones and many others you assume because thousands of holes are being drilled around the world oil will increase in supply forever.

[Serial_Worrier]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

[Ludi]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

Scary shit, man!

"left-wing-ism!" OMG!!!!

[vision-master]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

I guess 'we' still have dopes that post here.

[vision-master]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

Scary shit, man!

"left-wing-ism!" OMG!!!!

They all should be shot.....

[coyote]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

Good. The more we can save for later, the better.

[Aaron]

[Keith_McClary]

"left-wing-ism!" OMG!!!!

A rather cumbersome phrase. Could we replace it with "pinkishness" ?

[zeke]

Bottom line due to increasing left-wing-ism oil fields are not being allowed to be pumped, and existing ones will be shut down due to radical environmentalism.

why, the NERVE of thome people...thtopping thothe oil companieth from pumping that oil tho we can live!

thothe thtupid tree-humping leftieth beating up on thothe poor defenthleth oil companieth who are jutht trying to be patriotic and help uth all live better liveth.

oh, and thothe big, thtrong oil men..out of work..what to DO about that.

oh, my thtarth!