Nickname: ExroMouse

Review: Well done BP. Sincerely, well done. Now please produce this oil at a price which will enable the Business as Usual growth in GDP which our debt-based monetary system needs. Bet you can't... Peak Oil is here. Don't believe me? Go check out the difference between finding 200 BILLION barrels of low sulphur cheap to produce oil in Saudi Arabia and this over hyped find from BP. A bit of a difference.. All the low hanging fruit has been found. Demand is soaring, production is declining and these sporadic 'giant' finds of 3 billion barrels - which will produce less than 25% - are not going to change the facts. Sweet dreams.

Date reviewed: Sep 3, 2009 3:05 PM

Nickname: rajat

Review: its 18000 feet below land, when they drill off shore its 18000 feet below the ocean floor, thats why you need 35000 feet drilling

Date reviewed: Jun 10, 2008 9:15 AM

Nickname: jim

Review: Oil is at $108 a barrel. That makes any find economical. But the story is that the oil geologists/oil industry said that oil could not be found deeper than 18,000 feet deep. Now they have rigs that will drill 35,000 feet. Why? Because they can find it. Why did they say previously that 18,000 feet was the max? Because that was as deep as the technology at the time could drill. The problem is not supply, but production.

Date reviewed: Mar 13, 2008 4:18 AM

Nickname: Randy

Review: Once drilling (10 or more) miles down becomes standard, then even the concept of peak oil becomes meaningless because one can use thermocouples at that depth for geothermal power generation, which can be set up anywhere on the earth. So effectively, even if commercial use of petrol increases during the 21st century, by the start of 2100, we can diversify to take advantage of geothermal technologies using nano-carbontube encased thermocouples to siphon off that heat from below to power up the generation stations on the surface.

Date reviewed: Oct 20, 2007 9:12 PM

Nickname: Devilbug

Review: The phenomenon of peak oil doesn't mean that one day we will have no more oil. Demand destruction due to rising prices will precede termination of supply. What's important here is the extent of cheap supply such that our economic output can continue at current levels. A find of just 15 billion barrels is not going to save us from an energy starved future. What is that? A two month supply at current levels of demand? And if these other deeper, more remote reserves exist in plenty, why hasn't the industry alerted the media? Please, what makes the recovery of this rather paltry find financially doable is the knowledge on the part of the industry that high prices are here to stay and are not something temporary. Considering this, what remains in the ground is far more valuable a commodity than what had been previously pumped; the industry is anxious to allay concerns regarding the future of this energy source.

Date reviewed: Nov 15, 2006 9:40 PM

Nickname: Ardie

Review: Oil companies are now treating oil as if it is abiogenic [not from from organic sources] while denying such. It has long been suspected that oil comes form deep within the earth as a part of a natural chemical process. There is a huge amount of oil at ultra-depths, in other words.

Date reviewed: Sep 19, 2006 12:55 AM

Nickname: Dodge

Review: Well, well. Seems oil isn't just dinasaurs and flowers decayed into a goo we can use for energy after all. The earth is huge, and it is capable of creating incredible volumes of energy bearing liquids simply by merging pressure, chemistry, and environment. Sounds like a renewable resource to me, and I do believe that it will be found to be one, in fact, the best and most productive renewable we have. Oil wells worldwide have indicated that they are filling from the bottom up, which is an indicator that bolsters this philosophy. How many massive pools of oil exist worldwide? No one knows, but we have only drilled a very small fraction of the total area of the planet, and if the philosopy turns out to be true, well, there will be so much oil around, maintaining the price above $15 a barrel could be a challenge.

Date reviewed: Sep 14, 2006 10:16 PM

Nickname: Deejoshy

Review: I would have liked an engineering explanation of how they build such huge rigs that reach five miles down. Nobody ever tries to show us how it all works. It's amazing stuff. One other thought: does anybody else think it's just crazy how the car-people have to move 4,000 pounds everywhere they go? For example: move 4,000 pounds to pick up a 16 ounce coffee and then move 4,000 pounds to the office. After work, move 4,000 pounds home. Buy a new shirt? Move 4,000 pounds to the mall. Move 4,000 pounds back home to carry the 10 ounce shirt. Is there something whacked about this scenario or is it just me? Is it really cool to drag 4,000 pounds with us everywhere we go? Imagine the monumental energy required to do that all the time? Dave Washington, DC

Date reviewed: Sep 14, 2006 8:05 PM

Nickname: Data reform needed

Review: Support Matt Simmons' data reform and we'll have more transparency which would help end the debate. We need more noise about data reform.

Date reviewed: Sep 14, 2006 3:49 PM

Nickname: Andrew

Review: The only thing this article "proves" is that the author does not understand what peak oil means. It is the rate of decline vs. the rate of production/discovery. This discovery will not keep pace with declines in existing North American wells. Spending $100 million to drill five miles deep is impressive, but what does this say about how much oil is really left?

Date reviewed: Sep 12, 2006 5:34 PM