I Know We Are Not Running Out Ofoil

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    Are We Running Out Of Oil?

    It is a complicated subject, but now I am familiar with the two theories of the origin of petroleum, the conventional one that assumes that oil is biogenic, originating as plant and animal matter and the other, that it is abiogenic, it or its raw material having been formed...
    kar120c kar120c
    Apr 18, 2010

    Peak Oil Theory Vs. Russian-ukrainian Modern Theory

    My last story  was based on the recent history of the Eugene Island platform, which started up in the 70’s delivering 15,000 barrels of oil a day. Then it followed the normal life of an oil well until the 80’s when, having given every appearance of having run...
    kar120c kar120c
    1 Response Apr 18, 2010

    Trough Oil Theory

    Well, we may not be entering a trough, but there's no sign of a peak. Oil supply is just like that any other commodity, it adjusts to meet demand. The only difference is the geo-political nature of oil markets. One country, Saudi Arabia, maintains surplus capacity allowing them...
    porcpuffer porcpuffer
    41-45, M
    Nov 10, 2011

    It Is True, We Are Not Running Out Of Oil And Never Will.

    It makes no difference if there is a finite amount of oil or not. The current rate of increase in production and consumption of oil combined with the current rate of deforestation and reduction of oxygen producing plants indicates that we will all be dead long before we get the...
    jeffr jeffr
    Oct 8, 2011

    Oil Reserves Are Increasing

    Eugene Island is an underwater mountain located about 80 miles off the coast of Louisiana in the Gulf of Mexico. In 1973 oil was struck and off-shore platform Eugene 330 erected. The field began production at 15,000 barrels a day, then gradually fell off, as is normal, to 4,000...
    kar120c kar120c
    1 Response Apr 18, 2010
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