GOD DAMN IT WHAT THE **** HAPPENED TO THE ANYTHING INTO OIL MACHINE

WHY ISN'T THAT THING BRINGING ABOUT HEAVEN ON EARTH BY NOW

HYACHACHACHACHA

I heard it's scheduled to be released next Thursday.

It's been out for ten ****ing years. Last I heard the developers were looking for European investment because of 'all the red tape over here' or some **** like that.

Get on any news site and you'll see the breakthrough is due next week. Every week. For the last four years. Leads me too believe that it's fiscally infeasible at this point.

Anything into Oil is too expensive, nuclear power is too expensive - at what point do we cross the immediate savings threshold, let alone start treating it as a question of long term investment?

I'm content to do it now. Economic feasibility or no, I think it's a good investment. Energy is definitely the most crucial economic issue of the next twenty years. I don't have direct evidence but I am pretty sure that the oil industry's allies in congress are making it difficult for oil to be supplanted.

I doubt any poster in this forum would doubt that for five seconds.

You'd be surprised. No matter how idiotic the position, somebody here will take it.

Sometimes, it's me.

It was not hasty wording or lack of being fleshed out well, it was a demonstrably false assertion. Words matter. Please repeat this to yourself.

courtesy of wiki

and in 2010 was one of approximately two hundred deepwater offshore rigs that are capable of drilling in more than 5000 feet of water.[15]

Notice Jiggs the footnote for citation....not just a naked assertion.

In 2003 (nearly 7 years ago I would add) Deep Water Horizon company drilled a record well in the GOM of greater than 10,000 feet. That is twice the depth of the current accident.

HOUSTON--(BUSINESS WIRE)--Nov. 17, 2003--Transocean Inc. (NYSE:RIG) and ChevronTexaco (NYSE:CVX) today announced that the Transocean drillship Discoverer Deep Seas has set a new world water-depth drilling record by spudding a well in 10,011 feet of water in the U.S. Gulf of Mexico. The record -- set while constructing ChevronTexaco's Toledo well in Alaminos Canyon block 951 -- marks the first time in the offshore drilling industry's history that a drilling rig has explored for oil and natural gas in more than 10,000 feet of water.

Useless hyperbole concluded from demonstrably false premises.

Pot meet kettle. Lol you chastising anyone for failure to examine the meaning of things.

Hold on while I forward this to Chevron, Mobil, BP , etc. so they can stop wasting money on investments that are not cost effective in the long run. BTW demonstrably false.

And a doomer prediction, how shocking. At least you admit it is simply your opinion.

Has been for the past 120 years...

Because they are uninformed and enjoying spouting hollow rhetoric that suits their worldview.

That, or they read in in a chain email.

Nuclear is the future imo. What is holding us back imo is a combination of regulatory/policy burden and lack of mature technology like the Integral Fast Reactor. It is important to note the former is an impediment to the latter.

I appreciate your opinion, but can you give me some links that will make me agree with you? The first nuclear power plant, as far as I can find, was in 1954. Seems like it has had plenty of time to catch on if it was the future.

I have no problem with nuclear, I just think that there are too many other options to make such a definitive statement.

I have spent several hours trying to find a good summary, or summaries, of how I arrived at my conclusion. Suffice to say, the energy future of the human race is am enormously complicated subject and I did not find anything that I thought summed up my position well enough to link for you. I do not keep definitive arguments for nuclear power, complete with citation, on hand if you know what I mean.

I am tired. I should have time tomorrow night to put together some links that state my case.

Now there's some irony, great king of straw men.

You see, savman, while you scrambled to Wiki for whatever you could find and set up an argument with yourself, you missed the point again. This is about total depth, including under the sea bed, not just depth in the water.

Indeed:
Look at you, all happy with yourself in your never-ending quest to deny all things peak oil. ... Then there's that woosh sound swooping right over your head.... You see that key sentence in the very first paragraph of your own link? Oops.

In September 2009, the (Deepwater Horizon) rig drilled the deepest oil well in history at a vertical depth of 35,050 feet (10,683.2 m) and measured depth of 35,055 feet (10,685 m)

Let's see... ... they've attempted the "deepest well in history" just 8-9 months ago... And yet you're playing a semantics game regarding water depth, of which perhaps 200 rigs "are capable" of those depths out of some 6,600.

In your self-congratulatory hubris, you also ignored this aspect of your own link: The DH was only Transocean's second semi-submersible in it's entire class, and the first one wasn't even dynamically positioned. In other words, Transocean, the biggest offshore company in the world, is only recently getting into deep-water drilling (the past 4-5 years).

Further, most of the gulf reserves lay far under salt accumulations thousands of feet thick, which pose an enormous problem for seismic exploration. BP only recently found a working solution to that conundrum.

Any way you want to spin it, these deep water fields are relatively new ground for these companies, and undeniably more expensive and increasingly more risky the further under the sea bed they attempt to go.

Your entire "everything is fine" rant here is "useless."

You're the pot or kettle in this equation? In your desperate requirement to deny the reality of global fossil fuel depletion, you can't even follow the parameters of these discussions.

I love when you throw the pretentious mantra "demonstrably false" over and over again without ever fleshing out what you're ever even referring to. What is false? The link I provided asserting an $8.5 million daily profit? The $3 billion cost? The 15 year lead time? ... WTF are you ever talking about?

Those companies all know the score here. There are no illusions. They can show a profit in the short-term with kiddie pools here and there to exploit, but the era of enormous profit margin is over. Their investment capital is drying up, and their hollow stock value is propped up by "feel good" denialists like yourself spewing nonsense that sounds good, but flies in the face of known geology.

Unfortunately, Drebbin, the endless phalanx of news reports, international energy acknowledgements, DoJ assertions, and our own Pentagon's JOE do nothing but buoy my thesis and contradict your own "nothing to see here" platform.

No doubt, when the market crashes, people like you will still be denying collapse is here and insisting it all has nothing to do with energy scarcity. It's what you guys do. As long as you can still afford your internet, you'll still parrot "nope, not here yet! <bacaw!!> lulz!" while the global economy continue to fall apart.

As to my original claim, which I'm not wavering from, while the technology "exists," the precedent for such vertical depths is still relatively new. The cost grows the deeper they attempt to go, and the procedures for setting these wells runs increasing risks they are willfully taking with little safeguards.

http://energybulletin.net/node/52879

What can be addressed now is the larger issue that a flawed, risky well plan for the MC 252 well was approved by the MMS, and BP, Anadarko and Mitsui management. Similar or identical plans were undoubtedly approved and used by many operators on other wells drilled in the Gulf of Mexico. A plan that does not include enough cement to overlap the final and previous casing strings, and that does not require running a cement-bond log to ensure the integrity of the seal is a defective plan. The fact that there have not been blowouts on previous wells does not justify the approval and use of an unsafe plan.

Anyhow... that global crude production? Still flat since 2004... Demand sure isn't.

http://www.energybulletin.net/node/52841

Then there's the fact that current global uranium production can't even meet two-thirds of today's demand. Let's just blame it all on regulatory "impediments", nevermind data.

of course, they take these risks because they know the DoJ will have their back.... little surprise here:

Bush DoJ sheltered BP executives from criminal probe

EPA criminal investigator Scott West spent thousands of hours investigating alleged crimes committed by BP -- that would have resulted in felony charges -- but President Bush's DoJ abruptly shut his investigation down, sheltering BP executives from prison.

Tensions between the Obama administration and the scientific community over the Gulf oil spill are reportedly escalating -- prominent oceanographers are accusing the government of failing to conduct an adequate scientific analysis of the damage and of allowing BP to obscure the true scope of the spill. It's not the first time the government has protected BP and its executives.

To Scott West, the special agent-in-charge at the Environmental Protection Agency (EPA) Criminal Investigation Division who was probing alleged crimes committed by British Petroleum (BP) and the company's senior officials in connection with a March 2006 pipeline rupture at the company's Prudhoe Bay Operations in Alaska that spilled more than a quarter million gallons of crude -- the second largest spill in Alaska's history that went undetected for nearly a week -- BP reportedly stands for 'beyond prosecution.'

West spent thousands of hours investigating the alleged crimes committed by BP and figured his investigation would result in felony charges against BP and the company's senior executives who ignored warnings from dozens of BP's employees who worked at the Alaska facility. West, who spent nearly two decades in the EPA's criminal division, was told the pipeline would rupture six months before it happened.

Before being able to bring felony charges against BP and its executives, President Bush's Department of Justice (DoJ) abruptly shut down his investigation in August 2007 and gave BP a 'slap on the wrist' for serious environmental crimes that should have sent some BP executives to prison.

(continued...)

BP failed to inspect corroded pipeline for eight years

Plenty of evidence would have led to felony charges

A Major oil company with strong political connections

BP failed to implement spill prevention technology and violated Federal laws

oh snap, savman doubledips in failsauce.

Obama produced the stone cold nuts when he named Bob Graham to head the inquiry... what a masterstroke. The guy's got an impeccable environmental record and huge public support in Florida. If there's anybody who can defuse public anger and channel it to forms acceptable to the system, then yes, he can.

The commission will find that there were many small factors that coincided in a perfect storm, leading to the accident (cf. 9/11 and failure to connect the dots). No systemic conclusions can be drawn as it's a very complex situation. The report should read like a pocket book thriller so that citizens can achieve catharsis and sleep safe and sound again.

Bob will do 1 day of oil cleanup work and exhort everybody to volunteer for America. The time for healing is now! OK I think I've exhausted all my cliches.

Nice try, Bob Graham.

There is a difference between your statement and the fact that approximately two thirds of annual uranium demand was met though new uranium production. I have highlighted your error.


From Frances Nuclear Energy Agency:

Just so I can preempt any claim that we may be running out of the Uraniums:

And all of this math is predicated on current nuclear technology. Next Generation will likely be able to use U 238 (Uranium is only .711 percent U 235, the current fissle fuel used in reactors) as a fuel which would mean we probably have enough Uranium currently being stored as waste to power the United States for centuries. Simply put there is enough uranium to power civilization for millions of years.

Ineedaride2: Here is Bill Gates on TED 2010 in February. His talk does not focus on nuclear per se, but he does lay out a few key facts in context that you may be interested in. Be sure to listen to the Q and A afterword.

Jiggs,

You should consider a career in PR for the government, or some other kind of propaganda machine, as you possess an uncanny ability to ignore facts, make up definitions to suit your fancy, and rely on specious logic to wiggle your way out of any statement you make. While this is apparent to the educated reader, the masses will fall for it every time.

As for you supposed refutation that the worlds deepest well was drilled a mere 9 months ago, all I can tell you is that is the nature of constantly advancing technology. The worlds greatest, biggest, fatest, etc. _________ is almost always only a few months or years prior. It is the nature of human civilization and I, for one, do not see it changing any time soon.

BTW the world record well in question was more than twice the depth below sea level that the supposed bleeding edge Maconda Prospect was, so thanks for highlighting it.

Your little nuclear power discussion is totally irrelevant to the topic of oil. Nuclear power only produces elctricity. The majority of energy consumption is caused by heating and transport. Those can run on electricity obviously, but you will need major technology developments to do that.

This is not a mock headline:

Palin accuses Obama of being in bed with Big Oil

well he's in bed with them now



(i don't mean this negatively btw for the brain dead folks in this forum)