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Chevy Nick

Where is my peak oil crew?

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Obviously this is still in the early phases of discovery, maybe the elephant fields don't pan out:

http://www.npr.org/templates/story/story.php?storyId=120966523&ft=1&f=1001

Every few years, the global search for oil yields what's called an "elephant field" — a pool of oil believed to hold a billion barrels or more. Brazil says it's found several such fields that, once in full production, will make the South American country a major oil player.

Those discoveries have shined a spotlight on a company little known outside petroleum circles: Brazil's state-owned Petrobras, which is now gearing up to pump as much oil as it can.

To drill for its version of El Dorado, Brazil is going to have to go far and deep — 200 miles out into the Atlantic, more than 4 miles down, through swirling seas, rock and a thick cap of salt.

The only way to go after the oil is to build a fleet of floating production platforms and drilling rigs. The construction is taking place in a half-dozen Brazilian shipyards.

We'll see what happens.

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That'll be one hell of an expensive venture to develop before even the first barrel is filled.

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They're hoping to randomly stumble on an oil field over 1 billion barrels? A 1 billion barrel oil field doesn't even join the list of the top 30 active oil fields in the world today...... and you're trying to use this "hope of a discovery" as evidence against peak oil?

It's a shame we can't power our cars on FAIL, because this story, and Brazil's hopes, would power us into the next century.

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Interestingly, doesn't Brazil have the largest ethanol (sugar cane based, IIRC) usage in the world?

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Interestingly, doesn't Brazil have the largest ethanol (sugar cane based, IIRC) usage in the world?

Yes they do, so this would be an export boom for them.

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It's a shame we can't power our cars on FAIL, because this story, and Brazil's hopes, would power us into the next century.

:lol:

Edited by Captainbooyah
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They're hoping to randomly stumble on an oil field over 1 billion barrels? A 1 billion barrel oil field doesn't even join the list of the top 30 active oil fields in the world today...... and you're trying to use this "hope of a discovery" as evidence against peak oil?

It's a shame we can't power our cars on FAIL, because this story, and Brazil's hopes, would power us into the next century.

I think you mis-read the article. It says that an "elephant field" has a billion+ barrels and that Brazil has found several elephant fields, meaning several billion barrels.

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That's still not a lot in the scheme of things. The world consumes about 85 1/2 million barrels of oil a day, which is actually slightly higher than production. Forecasts for late next decade suggest 120 million barrels per day could be the norm. So even a few billion barrels is nothing to big to cheer about.

Plus, the costs will be huge, so they'll require very high oil prices in order for the extraction to be financially feasible.

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I think you mis-read the article. It says that an "elephant field" has a billion+ barrels and that Brazil has found several elephant fields, meaning several billion barrels.

I didn't mis-read the article. Since "several" generally means between 2 and 10. We'll give them the benefit of the doubt and say that each oil field has around 2 billion recoverable. Best case scenario, Brazil has 20 billion barrels of oil spread over 10 oil fields. The world's largest oil fields range from 20b to 75b barrels each.

Overall Brazilian production may be on the rise, but it's a lot more expensive to run 10 2b barrel oil fields than it is to run 1 20b barrel oil field.

Wake me when you find an oil field over 20b that's easy to extract and then we can revisit peak oil.

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Like I said, in 5 years cars like the Camaro and CTS-V may well be out of production.

I would bet that Arizona will be really interesting in about seven to ten years. LOTS of nearly new or late model airplaines parked out in the desert, never to fly again. I remember Trains magazine from back in the mid 1950's, from when railroads went from steam locomotives to diesel. LOTS of nearly new steam locomotives sitting lined up on rail spurs, waiting for the scrap man.

The same thing happened at the end of the Ocean Liner age...sister ship of the Titanic, the Olympic, tied up in a scrapyard alongside the Mauritainia, the sister ship of the Lusitania.

Same thing will happen to our air fleets. The 787 really will be the dream liner, because most of the fleet of them will be put to sleep soon after they are flying.

Kind of sad, really when you think about it. Trinacriabob was talking about how beautiful the 747 is. Bringing my daughter home from high school past Rickenbacker air field...747 Cargo plane is sitting there and she is like "wow...that is one huge plane. And it's beautiful!"

If we don't do something soon, regfootball is going to be road testing rickshaws before his kid is out of high school.

My two cents,

Chris

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Any find of this nature is good news when it is in the territory of a friendly nation.

We need all of the good news on this front that we can get.

Peak oil or not.

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Yes it is good news.

But we need to not put off other sources of energy.

The denial people have been in denial since the early 1970's, it's time to do something.

Chris

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Amen brother.

Think of how sweet an LS1 TA would be, tuned to run on ethanol...with a turbo on that nice high octane ethanol.

Or how nice it would be not to have the Saudi's own ten percent of our nation.

OR how nice it would be to drive a one ton crew cab dually truck with no guilt about future generations, money going overseas, or blood for oil.

Chris

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Amen brother.

Think of how sweet an LS1 TA would be, tuned to run on ethanol...with a turbo on that nice high octane ethanol.

Or how nice it would be not to have the Saudi's own ten percent of our nation.

OR how nice it would be to drive a one ton crew cab dually truck with no guilt about future generations, money going overseas, or blood for oil.

Chris

Sounds like freedom and happiness to me.

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....one last post...and then I'll shut up. Why should we trail the Brazilians of all people in biofuels and alternative energy? Nothing against Brazillians, they are great people...but aren't Americans supposed to be leaders in this world?

Never thought we'd given up our need/seeming natural calling to be leaders.

Chris

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....one last post...and then I'll shut up. Why should we trail the Brazilians of all people in biofuels and alternative energy? Nothing against Brazillians, they are great people...but aren't Americans supposed to be leaders in this world?

Never thought we'd given up our need/seeming natural calling to be leaders.

Chris

I'm with you on that as well.

But the Brazillians have an advantage on the biofuel front, they can grow all the sugarcane they need for ethanol.

We can't.

Edited by Camino LS6
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people that think peak oil is real....

do you know something the "skeptics" don't? like the composition of the earth... way more than one person could ever know.

i've only heard peak oil as "we've hit a ceiling of production world wide, it could only fall from that"... are you not ruling out new fields discovered, new technology, and just general efficiency increases to have a surplus of supply?

claiming peak oil is real is claiming limited human innovation and a resource we have all access too right now, everywhere, and some insight that makes oil a non replenishing resource. i defy you to knowing any of these are not true, show me certain proof that these are all true, otherwise peak oil is still pure propaganda.

not that lowering our oil use would be a bad thing, if a person thinks that oil use doesn't have certain verifiable downsides is blind. i'm talking of inevitable oil spills and other such things.

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I'm with you on that as well.

But the Brazillians have an advantage on the biofuel front, they can grow all the sugarcane they need for ethanol.

We can't.

we sure can subsidize production of...all "fuels" ;) ugh.

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....one last post...and then I'll shut up. Why should we trail the Brazilians of all people in biofuels and alternative energy? Nothing against Brazillians, they are great people...but aren't Americans supposed to be leaders in this world?

Never thought we'd given up our need/seeming natural calling to be leaders.

Chris

<cynical>

Because big US oil companies (and the politicos they own) have no economic interest (yet) in leading in biofuels or alternative energy? (No matter how 'green' their adverts make them sound)...

</cynical>

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I tend to take a pragmatic view of this issue:

- I think eliminating foreign oil imports are the first priority.

- I think reliance on any single fuel is idiocy.

- I am more immediately concerned with economic and national security concerns that imported oil creates than the environmental side of things. At least initially.

- I see any new oil finds in friendly nations as a good (if short-term) bit of news.

- "Peak Oil", real or imagined, seems like a good incentive to develop our options.

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I tend to take a pragmatic view of this issue:

- I think eliminating foreign oil imports are the first priority.

Of course, the largest sources for foreign in the US? Local-- Canada, Mexico. No one ever mentions that.

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Of course, the largest sources for foreign in the US? Local-- Canada, Mexico. No one ever mentions that.

The fact that they are both stable neighbors and allies makes me wish that they could provide all of the oil we need. They'd be the last two I'd want to eliminate, but I would still be happier if our energy supplies were entirely domestic.

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The fact that they are both stable neighbors and allies makes me wish that they could provide all of the oil we need. They'd be the last two I'd want to eliminate, but I would still be happier if our energy supplies were entirely domestic.

I'm not so sure Mexico is all that stable, what with their drug wars and government corruption. But they do provide oil and cheap labor for the US.

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