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Scientists from the University of Cornell have discovered a massive amount of Oil off the coast of Louisiana.The find is some 60 billion barrels or 3 Times more than current US recoverable Oil of 20 Billion barrels, and would bring US total reserves to 80 billion barrels which is on par with Venezuela. In comparison to other finds around the world, this is twice the size of all Oil ever found in the North Sea and 6 times larger than the estimates of the Alaskan ANWR oil deposits.
Below the Gulf of Mexico, hydrocarbons flow upward through an intricate network of conduits and reservoirs. They start in thin layers of source rock and, from there, buoyantly rise to the surface. On their way up, the hydrocarbons collect in little rivulets, and create temporary pockets like rain filling a pond. Eventually most escape to the ocean. And, this is all happening now, not millions and millions of years ago, says Larry Cathles, a chemical geologist at Cornell University.
"We're dealing with this giant flow-through system where the hydrocarbons are generating now, moving through the overlying strata now, building the reservoirs now and spilling out into the ocean now," Cathles says.
He's bringing this new view of an active hydrocarbon cycle to industry, hoping it will lead to larger oil and gas discoveries. By matching the chemical signatures of the oil and gas with geologic models for the structures below the seafloor, petroleum geologists could tap into reserves larger than the North Sea, says Cathles, who presented his findings at the meeting of the American Chemical Society in New Orleans on March 27.
This canvas image of the study area shows the top of salt surface (salt domes are spikes) in the Gas Research Institute study area and four areas of detailed study (stratigraphic layers). The oil fields seen here are Tiger Shoals, South Marsh Island 9 (SMI 9), the South Eugene Island Block 330 area (SEI 330), and Green Canyon 184 area (Jolliet reservoirs). In this area, 125 kilometers by 200 kilometers, Larry Cathles of Cornell University and his team estimate hydrocarbon reserves larger than those of the North Sea. Image by Larry Cathles.
Cathles and his team estimate that in a study area of about 9,600 square miles off the coast of Louisiana, source rocks a dozen kilometers down have generated as much as 184 billion tons of oil and gas — about 1,000 billion barrels of oil and gas equivalent. "That's 30 percent more than we humans have consumed over the entire petroleum era," Cathles says. "And that's just this one little postage stamp area; if this is going on worldwide, then there's a lot of hydrocarbons venting out."
Utah sites on Huge Oil reserve
The U.S. Department of Energy estimates that recoverable oil shale in the western United States exceeds one trillion barrels and is the richest and most geographically concentrated oil shale and tar sands resource in the world.
If you Google Cathles, Gulf, Oil you will find pretty much the same statements made in 2003.
He's one of the abiotic oil crowd.
Apparently Larry Cathles is a Cornell colleague of Thomas Gold...
I called and talked to Larry Cathles and he said it was a bogus fabrication. There is a large amount of source rock down there, and his group studied where it was migrating to, but in no sense did they find significant amounts of recoverable oil.
Originally posted by Low Orbit
good point Shots, but that oil is less refined than the oil in the middle east or below the gulf of mexico. Supposedly it will cost us 40 bucks a barrel to extract what is below Utah. I believe it costs about half as much to extract a more refined oil.
posted by whadayawant: “Ummm....Who said anything about the East Coast?
posted by Low Orbit: “I don't think the boys at Exxon are stealing anything! What they are doing is performing a service . . We do need to stop Oil's windfall profits though! THERE IS NO REASON ELECTRICITY SHOULD BE REGULATED BY OUR GOVERNMENT BUT OIL IS NOT, [Edited by Don W]
ALL SOURCES OF ENERGY SHOULD BE REGULATED SO AS TO AVOID COMPANY'S LIKE EXXON CLAIMING RIDICULOUS SIZED PROFITS. [Edited by Don W]
Originally posted by bigx01
all of the field seems to center around ei330 and it's unusual way refilling.
now maybe what they have found is the source of where it's replenishment comes from. but we have yet to see a second source for this find. everything else is several yeares old