The Green Files > From One of Our Insiders: Some Thoughts and Data about Prices and Exploration
[The Oil Drum | A Community Discussion about Peak Oil] The biggest fields in the GOM (Mars, Thunderhorse, etc.) are 0.5 to 1 billion barrels with production rates that run from 100 to 200 thousand barrels per day. Projects of this size are on their own schedule, were likely approved on oil selling for $18 to $25/bbl, and are only impacted by the current environment in that the market for everything from rigs to roughnecks to reservoir engineers is much tighter now than it was 2 years ago.
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Some related posts from Technorati and Google.
[Peak Oil News] One More Oil Boom: This oil-fueled economic windfall permitted the USSR to purchase much of what else it needed on world markets to fund the so-called inevitable expansion of World Communism. This included things like buying the equipment used in the manufacture of anti tank shells, or rocket gyroscopes, or even timing devices for nuclear weapon detonators.
[Kenai-peninsula.org] Constructive Creativity: * Odac warns of global shortage of oil ...: * Roscoe Bartlett on peak oil .But people are looking for staff from rig hands and roughnecks all the way up.
[Windsofchange.net] Winds of Change.NET: Duell's Peak: the real question is how long would it take for the American economy to produce a sufficient supply of solar panels and hybrid cars --- and whether it makes more sense now to reduce our dependence on foreign oil by investing heavily in the means to reduce that dependence, or whether we should wait until the crisis hits, and hope that the "free market" will magically produce what we need.
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