Exxon makes major oil discovery in Gulf

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    Jun 09, 2011 2:40 PM GMT
    By way of reference, the US uses about 19 m bbl/day - but this has been dropping - so while this would make a dent, not an extraordinarily big dent. It does however also suggest that there are a lot more in deposits that may be found. Finally, where the real sources of energy are being found are in shale oil and gas.

    http://thehill.com/blogs/e2-wire/677-e2-wire/165409-exxon-makes-major-oil-discovery-in-gulf

    Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permitting.

    "This is one of the largest discoveries in the Gulf of Mexico in the last decade,” Exxon Mobil Exploration Company President Steve Greenlee said in a statement.

    Exxon Mobil made the discovery after the Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved an application in March allowing the company to resume exploratory drilling. Drilling at the well was halted in the aftermath of last year’s Gulf of Mexico oil spill.

    The well is located about 250 miles south of New Orleans in about 7,000 feet of water, Exxon Mobil said.
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    Jun 09, 2011 2:55 PM GMT
    riddler78 saidBy way of reference, the US uses about 19 m bbl/day - but this has been dropping - so while this would make a dent, not an extraordinarily big dent. It does however also suggest that there are a lot more in deposits that may be found. Finally, where the real sources of energy are being found are in shale oil and gas.

    http://thehill.com/blogs/e2-wire/677-e2-wire/165409-exxon-makes-major-oil-discovery-in-gulf

    Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permitting.

    "This is one of the largest discoveries in the Gulf of Mexico in the last decade,” Exxon Mobil Exploration Company President Steve Greenlee said in a statement.

    Exxon Mobil made the discovery after the Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved an application in March allowing the company to resume exploratory drilling. Drilling at the well was halted in the aftermath of last year’s Gulf of Mexico oil spill.

    The well is located about 250 miles south of New Orleans in about 7,000 feet of water, Exxon Mobil said.


    When even the Saudis admit we reached peak oil in 2006, surely we should be looking elsewhere for energy than oil? Lord knows we need all the oil we can get to make plastic!
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    Jun 09, 2011 2:57 PM GMT
    peterstrong said


    We have to quit the " crack pipe " that is fossil fuels NOW !!!!!!!

    Wasn't the oil spill in the gulf enough for you ?

    ditto!
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    Jun 09, 2011 3:09 PM GMT
    fuck exxon.
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    Jun 09, 2011 3:14 PM GMT
    I'm for any discovery, as long as it can be safely retrieved. It had better be worth the 28 days worth of US supply that they predict that it is.
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    Jun 09, 2011 3:20 PM GMT
    lol, Exxon, the same company that compared the Alaska coastal oil spill to a beauty spot (mole) on Marilyn Monroe's face.

    Ay yi yi.
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    Jun 09, 2011 3:29 PM GMT
    peterstrong said


    We have to quit the " crack pipe " that is fossil fuels NOW !!!!!!!

    We have let these corrupt greedy bastards run our govt. for too long now -

    Wasn't the oil spill in the gulf enough for you ?


    I'd suggest that within our lifetimes we will have transitioned out of fossil fuels. Natural gas seems to be the optimal transitional energy source to something like solar or a derivative of current nuclear.

    There are also substantial negatives to artificially high energy costs if drilling is disallowed or we prematurely wean ourselves off fossil fuels through legislative or other means - which effectively becomes a tax on the poor who get affected the most.
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    Jun 09, 2011 3:36 PM GMT
    meninlove said lol, Exxon, the same company that compared the Alaska coastal oil spill to a beauty spot (mole) on Marilyn Monroe's face.

    Ay yi yi.


    the worst oil spill on record... but to state what may be the obvious, the clean up of exxon valdez actually made things much worse than it was.... had they left it alone nature would have recovered in approx 7 yrs... when exxon sterilsed the area (in an effort to make it look good) they effectively delayed the recovery by 21 yrs...
  • NerdLifter

    Posts: 1509

    Jun 09, 2011 5:28 PM GMT
    icon_rolleyes.gif

    I'm a cynic when it comes to big business. They will control our government and heavily influence their decisions long ways to come... I wish I saw an end in sight. Be it the banking industry, oil/coal industry, large multinational domestic conglomerates, we cater to their will and wishes. Too scared to act against them with anything that might harm their interests but is for the greater good for fear of reprisal in the form of loss of election money or loss of connections/political capital. It's pathetic.
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    Jun 09, 2011 5:32 PM GMT
    riddler78 saidExxon makes major oil discovery in Gulf
    I'll consider it a "major discovery" when they discover a way to eliminate oil almost completely.
  • NerdLifter

    Posts: 1509

    Jun 09, 2011 5:39 PM GMT
    paulflexes said
    riddler78 saidExxon makes major oil discovery in Gulf
    I'll consider it a "major discovery" when they discover a way to eliminate oil almost completely.

    ^^^
  • coolarmydude

    Posts: 9190

    Jun 09, 2011 5:42 PM GMT
    Ooops! I thought the story was going to be about the oil on the Louisiana coastline after the BP oil spill. icon_wink.gif
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    Jun 09, 2011 5:45 PM GMT
    meninlove said lol, Exxon, the same company that compared the Alaska coastal oil spill to a beauty spot (mole) on Marilyn Monroe's face.

    Ay yi yi.


    I once heard that after one of these (famous) spills from some (famous) oil company (named after a shelled animal, oops), a study was done into the company's ethical code, turned out they had none...

    Then, curious to know if any oil companies had them, they researched all of em, and found 0

    Nice to know
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    Jun 09, 2011 6:02 PM GMT
    Bullshit. Ever wonder why an oil company uses an expensive PR campaign for gaining support for oil sands and shale oil? Because it's a high-damage, low-return strategy.
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    Jun 09, 2011 6:03 PM GMT
    Studinprogress: I'm a cynic when it comes to big business. They will control our government and heavily influence their decisions long ways to come... I wish I saw an end in sight. Be it the banking industry, oil/coal industry, large multinational domestic conglomerates, we cater to their will and wishes. Too scared to act against them with anything that might harm their interests but is for the greater good for fear of reprisal in the form of loss of election money or loss of connections/political capital. It's pathetic.

    jockfever: The war on conventional energy sources, the blind faith in big stupid wasteful government programs, and the green energy pipe dream deserve the label "pathetic."

    This destroy-America human wrecking ball in the White House embraces all of this nonsense and more. He's the genius who threatened to bankrupt anyone who tries to build a coal-burning power plant. He's the genius who defies a court order to resume drilling in the Gulf, after which many drilling rigs sailed off for other opportunities. He's the genius who brags about his plan to push electricity prices through the roof. Bush and Cheney were evil conspirators when gasoline went to $3 a gallon, but the Fraud in the White House is a 2012 shoe-in with gasoline at about $4 a gallon.

    The U.S. hasn't built a new refinery in about 30 years. It's the same for nuclear power plants. Yet were told that evil powerful corporations are at fault. They are secretly in control.

    Despite years of government encouragement and largesse, solar and wind power provide a trivial amount of the energy we need. Next time you need an ambulance, fire truck, or airplane flight, ask for one powered by solar or wind energy.

    There are about 10,000 drones warming desks and probably watching Internet porn at the Department of Energy. They've been there since around 1976, producing boondoggle after boondoggle, like the ethanol fiasco, and we're more dependent on foreign oil than ever. That sort of madness thrills Libs. Meanwhile companies like Exxon compete to satisfy the urgent needs of consumers in the most efficient way and that makes Libs cynical and angry.

    Liberalism is a mental disorder threatening civil society, prosperity, and freedom.
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    Jun 09, 2011 6:21 PM GMT
    riddler78 said
    peterstrong said


    We have to quit the " crack pipe " that is fossil fuels NOW !!!!!!!

    We have let these corrupt greedy bastards run our govt. for too long now -

    Wasn't the oil spill in the gulf enough for you ?


    I'd suggest that within our lifetimes we will have transitioned out of fossil fuels. Natural gas seems to be the optimal transitional energy source to something like solar or a derivative of current nuclear.

    There are also substantial negatives to artificially high energy costs if drilling is disallowed or we prematurely wean ourselves off fossil fuels through legislative or other means - which effectively becomes a tax on the poor who get affected the most.


    ---------------------------------------------------------------------------------------------------

    So if during 'out lifetime' we will transition out of fossil fuels, when do we start this transition? Your party particularly is against this transition, do you have a handle on what your side is waiting for? After all 'god has supplied us with endless resources' and 'god says the earth will never be destroyed again', so the repub. congressmen and women exclaim, drill baby drill, dig up that coal and keep right on polluting.

    After all, that oil and coal pays for most of your repubs election efforts, so with this mindset in mind, I'll ask again, if they don't want us going with Obama's plans now to get off dependence on Oil by financing renewable energy innovations as well as improving those we now have, WHEN ?

    The US could be leading the way for this transition in our world, but status quo repubs and TBaggers (financed by Koch bro's) are doing too well financially with things as they are. This is a sick testimony to how coal and oil money is running and ruining our countries chances to lead. And here you are a blind young man falling in with old fools who haven't the good sense to open their minds up to necessary change for the good of everyone.

    So do we wait untill our world is nearly ruined environmentally and economically so it takes decades to recover, or do we start now ?
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    Jun 09, 2011 6:27 PM GMT
    Not even going to touch on your mental disorder claim, considering what conservatism has become (and this country was founded by liberals). Anyway, what you and your ilk fail to recognize is that oil is a FINITE RESOURCE. What is your plan for when we actually do run out of oil (or oil that is so difficult and energy intensive to access that it's not worth the effort)? You whine about solar and wind power being inefficient, yet it's people with your mindset that block every attempt to develop renewable, sustainable energy sources.

    Instead of doing the usual liberal/progressive bashing, why not actually offer a constructive solution? Let me guess... because there isn't one.

    [quote][cite]jockfever said[/cite]Studinprogress: I'm a cynic when it comes to big business. They will control our government and heavily influence their decisions long ways to come... I wish I saw an end in sight. Be it the banking industry, oil/coal industry, large multinational domestic conglomerates, we cater to their will and wishes. Too scared to act against them with anything that might harm their interests but is for the greater good for fear of reprisal in the form of loss of election money or loss of connections/political capital. It's pathetic.

    jockfever: The war on conventional energy sources, the blind faith in big stupid wasteful government programs, and the green energy pipe dream deserve the label "pathetic."

    This destroy-America human wrecking ball in the White House embraces all of this nonsense and more. He's the genius who threatened to bankrupt anyone who tries to build a coal-burning power plant. He's the genius who defies a court order to resume drilling in the Gulf, after which many drilling rigs sailed off for other opportunities. He's the genius who brags about his plan to push electricity prices through the roof. Bush and Cheney were evil conspirators when gasoline went to $3 a gallon, but the Fraud in the White House is a 2012 shoe-in with gasoline at about $4 a gallon.

    The U.S. hasn't built a new refinery in about 30 years. It's the same for nuclear power plants. Yet were told that evil powerful corporations are at fault. They are secretly in control.

    Despite years of government encouragement and largesse, solar and wind power provide a trivial amount of the energy we need. Next time you need an ambulance, fire truck, or airplane flight, ask for one powered by solar or wind energy.

    There are about 10,000 drones warming desks and probably watching Internet porn at the Department of Energy. They've been there since around 1976, producing boondoggle after boondoggle, like the ethanol fiasco, and we're more dependent on foreign oil than ever. That sort of madness thrills Libs. Meanwhile companies like Exxon compete to satisfy the urgent needs of consumers in the most efficient way and that makes Libs cynical and angry.

    Liberalism is a mental disorder threatening civil society, prosperity, and freedom. [/quote

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    Jun 09, 2011 6:32 PM GMT
    This equates to 36 days worth of oil. Whoopdeedoo. Natural gas (fracking) is an environmental disaster.

    riddler78 saidBy way of reference, the US uses about 19 m bbl/day - but this has been dropping - so while this would make a dent, not an extraordinarily big dent. It does however also suggest that there are a lot more in deposits that may be found. Finally, where the real sources of energy are being found are in shale oil and gas.

    http://thehill.com/blogs/e2-wire/677-e2-wire/165409-exxon-makes-major-oil-discovery-in-gulf

    Exxon Mobil said Wednesday it has discovered an estimated 700 million barrels of oil equivalent at a deepwater well off the Louisiana coast, a major find that a top House Republican argued should push the administration to speed up offshore permitting.

    "This is one of the largest discoveries in the Gulf of Mexico in the last decade,” Exxon Mobil Exploration Company President Steve Greenlee said in a statement.

    Exxon Mobil made the discovery after the Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved an application in March allowing the company to resume exploratory drilling. Drilling at the well was halted in the aftermath of last year’s Gulf of Mexico oil spill.

    The well is located about 250 miles south of New Orleans in about 7,000 feet of water, Exxon Mobil said.
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    Jun 09, 2011 6:48 PM GMT
    Brandon112586 saidThis equates to 36 days worth of oil. Whoopdeedoo. Natural gas (fracking) is an environmental disaster.


    Not in the slightest. There's been a lot of hyperbole around fracking - some of it even falsified like a recent movie. But as for 36 days worth of oil, that's why I pointed out that it would make a dent but not a big one - and having resources is better than having none.
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    Jun 09, 2011 6:53 PM GMT
    riddler78 said
    Brandon112586 saidThis equates to 36 days worth of oil. Whoopdeedoo. Natural gas (fracking) is an environmental disaster.


    Not in the slightest. There's been a lot of hyperbole around fracking - some of it even falsified like a recent movie. But as for 36 days worth of oil, that's why I pointed out that it would make a dent but not a big one - and having resources is better than having none.


    Better dont get hooked on a short fix, adapt for the long term
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    Jun 09, 2011 6:56 PM GMT
    southbeach1500 said

    Now back to all you people who people who depend on oil for everything in your life screeching about how evil the oil companies are.


    Funny how you tried to be sarcastic, when in fact you proved exactly WHY they are evil... because we are totally dependent on them and have no way out... that is evil

    call it "market limitation" or "monopolies" if you will... its still evil
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    Jun 09, 2011 6:56 PM GMT
    realifedad saidSo if during 'out lifetime' we will transition out of fossil fuels, when do we start this transition? Your party particularly is against this transition, do you have a handle on what your side is waiting for? After all 'god has supplied us with endless resources' and 'god says the earth will never be destroyed again', so the repub. congressmen and women exclaim, drill baby drill, dig up that coal and keep right on polluting.

    After all, that oil and coal pays for most of your repubs election efforts, so with this mindset in mind, I'll ask again, if they don't want us going with Obama's plans now to get off dependence on Oil by financing renewable energy innovations as well as improving those we now have, WHEN ?

    The US could be leading the way for this transition in our world, but status quo repubs and TBaggers (financed by Koch bro's) are doing too well financially with things as they are. This is a sick testimony to how coal and oil money is running and ruining our countries chances to lead. And here you are a blind young man falling in with old fools who haven't the good sense to open their minds up to necessary change for the good of everyone.

    So do we wait untill our world is nearly ruined environmentally and economically so it takes decades to recover, or do we start now ?


    Sorry, my life doesn't run through a partisan prism like apparently yours. I do however follow developments in the energy space and the developments in both nuclear and solar are fairly exciting. The problem is economics - but a lot of those efforts are being overcome - in fact we may see affordable solar much sooner than anticipated given that the cost curve has already been broken - ie for some firms using CIGS /thin film solar the install cost of $1/Watt has already been broken (with investors that include those like Bill Gates and Google).

    Learn a bit of economics, learn a bit about history and resources please. Malthusian rants are boring and at this point, more than a bit outdated.
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    Jun 09, 2011 6:59 PM GMT
    Greenhopper said
    riddler78 said
    Brandon112586 saidThis equates to 36 days worth of oil. Whoopdeedoo. Natural gas (fracking) is an environmental disaster.


    Not in the slightest. There's been a lot of hyperbole around fracking - some of it even falsified like a recent movie. But as for 36 days worth of oil, that's why I pointed out that it would make a dent but not a big one - and having resources is better than having none.


    Better dont get hooked on a short fix, adapt for the long term


    Absolutely - there's currently enough natural gas in the US to power north america if we switched from all forms of energy for the next hundred years - that's how much there is of it. But I think the end game is some form of nuclear or solar - natural gas would likely just be a transitional energy source.
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    Jun 09, 2011 7:00 PM GMT
    riddler78 said
    realifedad saidSo if during 'out lifetime' we will transition out of fossil fuels, when do we start this transition? Your party particularly is against this transition, do you have a handle on what your side is waiting for? After all 'god has supplied us with endless resources' and 'god says the earth will never be destroyed again', so the repub. congressmen and women exclaim, drill baby drill, dig up that coal and keep right on polluting.

    After all, that oil and coal pays for most of your repubs election efforts, so with this mindset in mind, I'll ask again, if they don't want us going with Obama's plans now to get off dependence on Oil by financing renewable energy innovations as well as improving those we now have, WHEN ?

    The US could be leading the way for this transition in our world, but status quo repubs and TBaggers (financed by Koch bro's) are doing too well financially with things as they are. This is a sick testimony to how coal and oil money is running and ruining our countries chances to lead. And here you are a blind young man falling in with old fools who haven't the good sense to open their minds up to necessary change for the good of everyone.

    So do we wait untill our world is nearly ruined environmentally and economically so it takes decades to recover, or do we start now ?


    Sorry, my life doesn't run through a partisan prism like apparently yours. I do however follow developments in the energy space and the developments in both nuclear and solar are fairly exciting. The problem is economics - but a lot of those efforts are being overcome - in fact we may see affordable solar much sooner than anticipated given that the cost curve has already been broken - ie for some firms using CIGS /thin film solar the install cost of $1/Watt has already been broken (with investors that include those like Bill Gates and Google).

    Learn a bit of economics, learn a bit about history and resources please. Malthusian rants are boring and at this point, more than a bit outdated.


    I dont see what these comments have to do with each other...
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    Jun 09, 2011 7:03 PM GMT
    Greenhopper said
    riddler78 said
    realifedad saidSo if during 'out lifetime' we will transition out of fossil fuels, when do we start this transition? Your party particularly is against this transition, do you have a handle on what your side is waiting for? After all 'god has supplied us with endless resources' and 'god says the earth will never be destroyed again', so the repub. congressmen and women exclaim, drill baby drill, dig up that coal and keep right on polluting.

    After all, that oil and coal pays for most of your repubs election efforts, so with this mindset in mind, I'll ask again, if they don't want us going with Obama's plans now to get off dependence on Oil by financing renewable energy innovations as well as improving those we now have, WHEN ?

    The US could be leading the way for this transition in our world, but status quo repubs and TBaggers (financed by Koch bro's) are doing too well financially with things as they are. This is a sick testimony to how coal and oil money is running and ruining our countries chances to lead. And here you are a blind young man falling in with old fools who haven't the good sense to open their minds up to necessary change for the good of everyone.

    So do we wait untill our world is nearly ruined environmentally and economically so it takes decades to recover, or do we start now ?


    Sorry, my life doesn't run through a partisan prism like apparently yours. I do however follow developments in the energy space and the developments in both nuclear and solar are fairly exciting. The problem is economics - but a lot of those efforts are being overcome - in fact we may see affordable solar much sooner than anticipated given that the cost curve has already been broken - ie for some firms using CIGS /thin film solar the install cost of $1/Watt has already been broken (with investors that include those like Bill Gates and Google).

    Learn a bit of economics, learn a bit about history and resources please. Malthusian rants are boring and at this point, more than a bit outdated.


    Where are these comments relevant to each other?


    realifedad sees energy as some partisan agenda - as if the Republican Party or Democratic Parties are controlled by any given lobby group. The reality is that technology is pretty advanced - not to mention the tens if not hundreds of billions that have been invested in development of solar (though granted a lot of it hasn't been done efficiently). So while realifedad would frame it as a Republican versus Democratic agenda, I see it more simply as a technology issue.

    Malthusians have however also been defeated repeatedly by their misunderstanding or simple underestimation of technology.

    PS - I don't know or really care where reallifedad gets his talking points from but considering the billionaires who back the Democrats like Soros, etc., his personal attacks on the Kochs seem a bit odd and perhaps should be rethought (especially considering how they have tended to invest more in ideas than party in the past - and they have a libertarian not conservative agenda).