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Started By
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re: Possible big oil discovery in Israel
Posted on 10/8/15 at 1:34 pm to Darth_Vader
Posted on 10/8/15 at 1:34 pm to Darth_Vader
The Bible is coming true baw.
0
Posted on 10/8/15 at 1:36 pm to TheCaterpillar
This is the dude who announced/leaked the information:
[/img]
Looks like a real geologist, particularly I he taught at CSM.
[/img] Looks like a real geologist, particularly I he taught at CSM.
Posted on 10/8/15 at 1:42 pm to tigerinthebueche
quote:
Wonder what the "we're gonna run out of oil" crowd thinks of all these new finds?
The Bush/Cheney weather machine obviously was reformatted to work underground.
Obviously....
Posted on 10/8/15 at 1:43 pm to Peazey
quote:
Do you really think a new oil discovery means that we now have an infinite amount of the resource?
is that what I posted?
no , it isn't. Try to comprehend what is written instead of inferring what you want to read. That we will run out may be "undeniable" to some, but the when is very debateable. Moreover, since we don't know how much is actually there, how can we be so sure we will run out?
Posted on 10/8/15 at 1:46 pm to tigerinthebueche
quote:
Wonder what the "we're gonna run out of oil" crowd thinks of all these new finds?
You mean BP?
What do they know about oil anyways?
Posted on 10/8/15 at 1:48 pm to Darth_Vader
Good, we can cut them off the US tete now.
Posted on 10/8/15 at 1:48 pm to Darth_Vader
quote:
quote:
Vast oil reserves have been discovered in Israel that could transform the country into world energy power and change the face of the Middle East for years to come.
Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, said the breakthrough came in the Golan Heights, near the border with Syria.
Yuval Bartov, the firm's chief geologist, said there was 'enormous excitement' about the immense wealth it could bring to the Jewish state, which has long yearned for its own resource of 'black gold'.
Imagine that...
This post was edited on 10/8/15 at 1:50 pm
Posted on 10/8/15 at 1:50 pm to Darth_Vader
Good - Islam is just the worst. The absolute worst. 
Will be great to have progressive, liberal Israel leading the way both financially and socially for the next millennium in the ME.
Will be great to have progressive, liberal Israel leading the way both financially and socially for the next millennium in the ME.
Posted on 10/8/15 at 1:52 pm to Darth_Vader
The Israelis might have perfected a drilling technique called "stealing"?
Posted on 10/8/15 at 1:54 pm to Darth_Vader
Why would Allah allow this?
Posted on 10/8/15 at 1:54 pm to TigerBait1127
Genie Confirms Find But Offers Some Big Buts
Translation: This could be worth butkus. We just don't know. Just cuz there is oil there, even in a thick deposit, does not mean you can make money getting it out.
Translation. We found a sweet spot. It could be tiny or it could be big. We just don't know. And until we know, we are not going to say much.
Translation: We either did not get core samples yet or we ain't though analyzing them. We are going off a log, and it is damned hard to tell real perm and porosity from a log when it comes to a shale.
quote:
The Company does not yet have sufficient evidence to determine whether this or any part of the resource can be technically or economically produced. The resource does not constitute proved, probable or possible reserves.
Translation: This could be worth butkus. We just don't know. Just cuz there is oil there, even in a thick deposit, does not mean you can make money getting it out.
quote:
"In term of quantity, our log results indicate that this could be a significant find if analogous conditions are present over a significant portion of the license area. We are now working diligently to determine the production costs and total quantity of the resource."
Translation. We found a sweet spot. It could be tiny or it could be big. We just don't know. And until we know, we are not going to say much.
quote:
The thickness of the resource is one of many factors considered in making a determination of the commercial potential of this or any resource.
Translation: We either did not get core samples yet or we ain't though analyzing them. We are going off a log, and it is damned hard to tell real perm and porosity from a log when it comes to a shale.
Posted on 10/8/15 at 1:56 pm to Boagni Swamp
quote:
This could be worth butkus
Pretty sure you mean bupkis.
Posted on 10/8/15 at 1:57 pm to soccerfüt
[/url][/img]Posted on 10/8/15 at 1:58 pm to fr33manator
quote:
Pretty sure you mean bupkis.
I was using a rare Yiddish dialect used only in sections of the Golan Heights.
Posted on 10/8/15 at 2:00 pm to Boagni Swamp
I don't even care. . Butkus has me cracking up here. I think I might even like it better.
. Butkus has me cracking up here. I think I might even like it better.Posted on 10/8/15 at 2:00 pm to fr33manator
Posted on 10/8/15 at 2:07 pm to tigerinthebueche
quote:
. Try to comprehend what is written instead of inferring what you want to read. T
You mean like your interpretation of the "we're going to run out of oil people?" Try to comprehend what people mean instead of constructing a strawman fallacy to argue against. You compared the time line of running out of oil to the sun burning out.
Posted on 10/8/15 at 2:12 pm to Peazey
Run out of oil/not run out of oil. Who cares? That misses the interesting story.
A geologist either went rogue or was planted to leak partial -- and somewhat misleading -- info about an oil find. The stock zoomed. Someone made a killing on it. There is intrigue afoot here. That is the real story.
A geologist either went rogue or was planted to leak partial -- and somewhat misleading -- info about an oil find. The stock zoomed. Someone made a killing on it. There is intrigue afoot here. That is the real story.
Posted on 10/8/15 at 2:15 pm to Boagni Swamp
Why do you even think that?
Posted on 10/8/15 at 2:17 pm to Peazey
quote:
You compared the time line of running out of oil to the sun burning out.
well it seems no one really knows when either is going to happen, correct? scientist can tell us that its going to happen (as far as they know) but the timeline changes. Much like many of the catastrophes that were predicted years ago and have yet to take place. So on the one hand, oil is finite. but on the other, we continue to find more oil "we didn't' know was there". So if we keep finding oil "we didnt know was there", how do we know its finite?
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