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LSxcellent · 11-13-2007, 06:42 PM

This is now the second or third discovery of a LOT of oil in Ultra-Deep water... look it up. There are a dozen or more rigs in the Gulf of Mexico alone that are drilling over 20,000 feet below the surface of the water.

From what I read (in Popular Mechanics I think) is that below 40,000 ft the temperatures are too high to support oil (it just breaks down completely) so this is the area of last resort... once these reserves are gone (which WILL take a while) we are all done with oil.

I don't think oil prices are going to come down much though, all these new sources of oil will only really meet the increasing demand from other parts of the world. Once China and India come online, we are going to be screwed anyway...

It's amazing technology though!

~LSx

11-13-2007, 06:42 PM	#26
LSxcellent Drives: MINI Cooper S Join Date: Jan 2007 Location: Boston, MA Posts: 284	This is now the second or third discovery of a LOT of oil in Ultra-Deep water... look it up. There are a dozen or more rigs in the Gulf of Mexico alone that are drilling over 20,000 feet below the surface of the water. From what I read (in Popular Mechanics I think) is that below 40,000 ft the temperatures are too high to support oil (it just breaks down completely) so this is the area of last resort... once these reserves are gone (which WILL take a while) we are all done with oil. I don't think oil prices are going to come down much though, all these new sources of oil will only really meet the increasing demand from other parts of the world. Once China and India come online, we are going to be screwed anyway... It's amazing technology though! ~LSx __________________ "When you turn your car on, does it return the favor?"