The Era of Oil Is Nearing Its End: Do You Agree?
Heisenberg
2012/08/14 22:00:00
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251 votes
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MCCLATCHYDC.COM reports:
After nearly a decade of warnings that the world’s oil supply was running out, Americans now are hearing about technology breakthroughs that can unlock vast U.S. deposits of natural gas, help reverse a 40-year slide in domestic oil production and perhaps transform America into the next Middle East. But despite the euphoria, there’s a major problem: The looming American oil glut may simply not be enough to sate the United States and the rest of motorized humanity.
Read More: http://www.mcclatchydc.com/2012/08/12/160930/is-th...
Top Opinion
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Marcus Clark 2012/08/15 00:25:20
I also remember warnings about the horrors of global cooling. But we can't base new taxes on the fear of cooling, so now the bogeyman is warming. And when it's not warm enough, the bogeyman is "climate change".
Everyone with a self-serving agenda has some kind of warning to use as a sales pitch.
OPEC must really love their efforts to keep American dependent on imported oil.
We can develop the next great energy source, if our imperious government will get out of the way.
I'm not holding my breath.
and we find more and more everyday .
So it's just hype to keep the money rolling in.
Abiotic Oil
The abiotic oil formation theory suggests that crude oil is the result of naturally occurring and possibly ongoing geological processes. This theory was developed in the Soviet Union during the Cold War, as the Union needed to be self sufficient in terms of producing its own energy. The science behind the theory is sound and is based on experimental evidence in both the laboratory and in the field. This theory has helped to identify and therefore develop large numbers of gas and oil deposits. Examples of such fields are the South Khylchuyu field and the controversial Sakhalin II field.
In its simplest form, the theory is that carbon present in the magma beneath the crust reacts with hydrogen to form methane as well as a raft of other mainly alkane hydrocarbons. The reactions are more complicated than this, with several intermediate stages. Particular mineral rocks such as granite and other silicon based rocks act as catalysts, which speed up the reaction without actually becoming involved or consumed in the process.
Experiments have shown that under extreme conditions of heat and pressure it is possible to convert iron oxide, calcium carbonate and water into methane, with hydrocarbons containing up to 10 carbon atoms being produced by Russian scientist...
Abiotic Oil
The abiotic oil formation theory suggests that crude oil is the result of naturally occurring and possibly ongoing geological processes. This theory was developed in the Soviet Union during the Cold War, as the Union needed to be self sufficient in terms of producing its own energy. The science behind the theory is sound and is based on experimental evidence in both the laboratory and in the field. This theory has helped to identify and therefore develop large numbers of gas and oil deposits. Examples of such fields are the South Khylchuyu field and the controversial Sakhalin II field.
In its simplest form, the theory is that carbon present in the magma beneath the crust reacts with hydrogen to form methane as well as a raft of other mainly alkane hydrocarbons. The reactions are more complicated than this, with several intermediate stages. Particular mineral rocks such as granite and other silicon based rocks act as catalysts, which speed up the reaction without actually becoming involved or consumed in the process.
Experiments have shown that under extreme conditions of heat and pressure it is possible to convert iron oxide, calcium carbonate and water into methane, with hydrocarbons containing up to 10 carbon atoms being produced by Russian scientists last century and confirmed in recent US experiments. The absence of large quantities of free gaseous oxygen in the magma prevents the hydrocarbons from burning and therefore forming the lower energy state molecule carbon dioxide. The conditions present in the Earth's mantle would easily be sufficient for these small hydrocarbon chains to
http://www.youtube.com/watch?...
http://in.reuters.com/video/2...