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Old 09-24-2009, 03:58 PM   #1 (permalink)
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More oil discoveries...
http://www.nytimes.com/2009/09/24/bu...4oil.html?_r=1

FYI
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Old 09-24-2009, 04:15 PM   #2 (permalink)
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How wonderful for all of those countries without their hands tied by our democrats.

there is a large list of new countries that we can send our billions everyday to.
I am really excited.
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POOR PEOPLE HAVE BEEN VOTING FOR DEMOCRATS FOR 50 YEARS, AND THEY'RE STILL POOR
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Old 09-25-2009, 06:43 AM   #3 (permalink)
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I'm wondering how much tar we'll be needin' come the next elections.
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Old 09-25-2009, 09:21 AM   #4 (permalink)
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I'm wondering how much tar we'll be needin' come the next elections.
Tar is a petroleum byproduct.

We need to pump a lot more.
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Old 10-02-2009, 11:57 AM   #5 (permalink)
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Russia Becomes World's Top Oil Producer -- for Now

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Russia's monthly oil production exceeded 10 million barrels per day in September for the first time, nearly 25 percent more than the total pumped by nearest rival Saudi Arabia as OPEC persists with output cuts.

Russia, now the world's largest oil producer, pumped 10.01 million barrels per day last month, up 0.4 percent from the 9.97 million bpd produced in August, which was also a record high at the time, Energy Ministry data released on Friday showed.

Russian production has recovered in 2009 after suffering its first drop in a decade last year. The latest spike in output follows the August launch by state-controlled industry leader Rosneft of its massive Vankor deposit in the Arctic.

But analysts said Russia's position as top producer might be temporary, as mature deposits in western Siberia run dry quicker than the country's oil majors can replace them with new finds.

"The pick-up seen today is the result of prior years' investment," said Chirvani Abdoullaev, senior oil and gas analyst at Alfa-Bank. "It's only sustainable until new fields reach a plateau."
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Old 10-02-2009, 12:13 PM   #6 (permalink)
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This is a big waste of time. Oil is a thing of the past.
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Old 10-02-2009, 12:15 PM   #7 (permalink)
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This is a big waste of time. Oil is a thing of the past.
I am guess that is
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Old 10-02-2009, 12:16 PM   #8 (permalink)
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I am guess that is
Oh....... yeah........
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Old 10-02-2009, 12:20 PM   #9 (permalink)
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Oh....... yeah........
OK, just checking because that is the argument these days, that oil, carbon fuels, are, somehow, old school.

It is THE backbone of the world economy and it will be for quite some time to come.
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Old 10-02-2009, 12:33 PM   #10 (permalink)
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OK, just checking because that is the argument these days, that oil, carbon fuels, are, somehow, old school.

It is THE backbone of the world economy and it will be for quite some time to come.
Wrong. Small scale, cold fusion reactors will be perfected in 2 or 3 years - 5 tops.
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