On 7/8/08 2:48 PM, in article
b4d60db1-ab84-4e8c-852b-4768f634e9e2@[EMAIL PROTECTED]
"Scott
Erb" <scotterb@[EMAIL PROTECTED]
> wrote:
> The first post in this thread was fantasy. First, they are assuming
> that one can tap all oil anywhere and suddenly increase production to
> near peak levels for the US.
€€ Very cute, Erb. You do a nice job of twisting that
text to fit your fascist fantasy. I asked you a
question in response to your first piece of
nonsense, to which you have failed to answer.
€€ Scott it is amazing how you buy into the fascists'
propaganda with absolute certainty " Oil production
has peaked and is likely to start declining ...".
If_so_ how_do_you_explain_the_following?
Petrobras Finds Signs of Large Oil Deposits Near Tupi
By Fred Pals and Jeb Blount
July 2 (Bloomberg) --
Petroleo Brasileiro SA has found signs of large oil
deposits near its Tupi field, the largest Western
Hemisphere oil discovery since 1976, the state-
controlled company's chief executive officer said.
[BTW this is the THIRD big PB hit in the past 2 years]
³Today we have information about the areas and the
indication of the existence of hydrocarbons,'' Jose
Sergio Gabrielli, Rio de Janeiro-based Petrobras'
chief said in a Bloomberg TV interview at the World
Petroleum Congress in Madrid. ``We're certain of a
huge increase in reserves.''
Discoveries near Rio de Janeiro and Sao Paulo
including Tupi will at least triple Brazil's oil reserves,
Brazilian President Luiz Inacio Lula da Silva told
Bloomberg in June. Petrobras has about 13 billion
barrels of proved reserves.
Petrobras found more oil ac***ulations in the basin,
including Tupi-sized ac***ulations of natural gas and
oil in its Jupiter field, and hasn't been able to quantify
the total amount of reserves, Gabrielli said.
The company hasn't yet determined if the finds are
separate fields or one larges discovery, he said. Under
Brazilian law, if the field extends beyond the lease
boundaries of a single company or exploration group,
the participants must agree to develop the deposits
jointly.
Tupi has as much as 8 billion barrels of recoverable
oil equivalent, Petrobras said in November. The
entire pre-salt region may contain as much as 50
billion barrels of oil, according to Peter Wells,
director of U.K. research firm Neftex Petroleum
Consultants Ltd.
15-Year Supply
Tupi may hold enough oil to supply every refinery
on the U.S. East Coast for 15 years.
Petrobras preferred shares, its most-traded class of
stock, fell 2.11 reais, or 4.6 percent, to 43.98 reais
in Sao Paulo.
Petrobras said last year that it plans to spend $112
billion in 2008-2012 to expand production. The
plan, announced before Tupi and other pre-salt
discoveries were announced, may have to be
expanded to meet the development needs of the
oil province.
A new plan to include pre-salt development is
expected to be announced in August or September,
Gabrielli said.
Petrobras owns 65 percent of Tupi and operates
the concession. Reading, U.K.-based BG Plc owns
25 percent and Lisbon-based Galp Energia SGPS
SA owns 10 percent.
To contact the re****ters on this story: Fred Pals in
Amsterdam at fpals@[EMAIL PROTECTED]
Jeb Blount in
Rio de Janeiro at jblount@[EMAIL PROTECTED]
~~ ~~ ~~
Petrobras to Spend $15 Billion to
Double Oil Output by 2015
By Yuji Okada and ****geru Sato
April 7 (Bloomberg) ‹ Petroleo Brasileiro SA,
Brazil¹s state-controlled oil company, will invest
$15 billion on overseas oil projects, aiming to
double its crude oil production to capture growing
demand in Asia and South America.
The Rio de Janeiro-based company plans to
expand its oil output to 4.15 million barrels a day
by 2015 from the current 2 million barrels, Jose
Sergio Gabrielli, president of Petroleo Brasileiro,
known as Petrobras, told re****ters in Tokyo today.
The company will allocate $1.5 billion of the
amount for renewable energy businesses,
Gabrielli said.
Brazil is speeding up acquisitions of overseas
refineries, oil exploration and construction of
plants at home to capitalize on rising use of
automotive fuels in Asia and South America.
This month, Petrobras completed the purchase of
an 87.5 percent stake in a Japanese refiner from
TonenGeneral Sekiyu KK., a unit of Exxon Mobil
Corp.
Gabrielli said his company plans a capital
expenditure of 100 billion yen ($975 million) to
upgrade the 100,000 barrel-a- day refinery on
Japan¹s southern island of Okinawa. Sumitomo
Corp., a Japanese trading house, owns 12.5
percent of Nansei Sekiyu K.K., the operator of
the plant. The company aims to boost ex****ts
of the fuel from the refinery to Asian countries.
[...]
BTW: coal, methane (natural gas) and petroleum
are not organic and are not "fossil" fuels created
in some prehistoric swamp, rather they are
inorganic, renewable resources, created within
the deep hot biosphere miles below the earth's
crust. I have posted several articles on the
subject; you would do well to read them. They
might remove the s*** from your eyes. Also
read Dr Gold's, Deep Hot Biosphere. Your
school's library must have a copy ~~~ it is not
too technical for you to understand. It is based
on his paper presented to the Academy of Science.
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