| Topic: |
Politics > Politics-USA |
| User: |
"Captain Compassion" |
| Date: |
15 Mar 2006 10:49:38 AM |
| Object: |
Fox Announces Major Mexico Oil Find |
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
VERACRUZ, Mexico - President Vicente Fox climbed aboard a drilling
platform in the Gulf of Mexico on Tuesday to formally announce a new
deep-water oil discovery he said could eventually yield 10 billion
barrels of crude oil.
An exploratory well dubbed Noxal 1 was drilled at a depth of 3,070
feet below the water, and is seeking a depth of 13,125 feet.
"With Noxal we will begin a new era of oil exploration in our
country," Fox said aboard the "Ocean Worker 6 Britania" platform.
Government estimates say the find could exceed reserves at the giant
offshore field Cantarell, Mexico's largest oil field, which has seen
its production decline but is still expected to yield 1.9 million
barrels a day this year.
Luis Ramirez, chief executive of Mexico's government-run oil monopoly
Petroleos Mexicanos, or Pemex, said Noxal is the fourth deep-water
well explored by Pemex.
Ramirez said that while production tests will be conducted in coming
weeks, "evidence found is sufficient to infer potential reserves to be
discovered that could reach 10 billion barrels of crude oil
equivalent."
"This number, compared with annual production of 1.6 billion barrels
of crude, shows its strategic importance," Ramirez said, adding that
crude oil production at Noxal likely won't begin for eight to 10
years.
Fox said his administration has invested more than $6.3 billion in
exploration in the last five years. Pemex expects the new find to
offset further production declines at Cantarell expected in coming
years.
Pemex contracted a private company to drill the well. The fastest way
to get the oil out would be by Pemex forming alliances with companies
that have the deep-water technology. However, current laws forbid
private companies from exploration and production activities in Mexico
except under contract to Pemex.
The Fox administration has been attempting to ease foreign investment
restrictions in the state-run energy sector. But those efforts have
been blocked in Congress.
Pemex produced 3.33 million barrels a day of crude oil last year, of
which it exported 1.82 million barrels. This year, the company expects
to raise production to about 3.42 million barrels a day.
--
"Civilizaton is the interval between Ice Ages." -- Will Durant.
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
.
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| User: "Joe S." |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 11:51:21 AM |
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"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away in
Katrina -- runs a drill ship in the Gulf. They've been punching and capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
.
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| User: "jimpgh2002" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 01:10:37 PM |
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On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away in
Katrina -- runs a drill ship in the Gulf. They've been punching and capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
Should we NOT "draw down more of the world's reserves"?
Should we just let the oil sit there?
.
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| User: "Joe S." |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 01:16:02 PM |
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"jimpgh2002" <pmojh1@xxnospamxxhotmail.com> wrote in message
news:ljpg12du4nod686g0pds90rjrr2r0a3b6e@4ax.com...
On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away
in
Katrina -- runs a drill ship in the Gulf. They've been punching and
capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for
someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
Should we NOT "draw down more of the world's reserves"?
Should we just let the oil sit there?
At the same time we are using up the world's oil reserves, we need to be
doing something in the way of conservation and alternative fuels and
lifestyle changes that don't depend on fossil fuels.
Do you not find it amazing that BP -- an OIL COMPANY -- is running a
nationwide ad campaign asking "What's your carbon footprint?"
Google for "end of oil" and pay attention to what you find.
.
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| User: "jimpgh2002" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 05:02:40 PM |
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On Wed, 15 Mar 2006 14:16:02 -0500, "Joe S." <anon@mous.com> wrote:
"jimpgh2002" <pmojh1@xxnospamxxhotmail.com> wrote in message
news:ljpg12du4nod686g0pds90rjrr2r0a3b6e@4ax.com...
On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away
in
Katrina -- runs a drill ship in the Gulf. They've been punching and
capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for
someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
Should we NOT "draw down more of the world's reserves"?
Should we just let the oil sit there?
At the same time we are using up the world's oil reserves, we need to be
doing something in the way of conservation and alternative fuels and
lifestyle changes that don't depend on fossil fuels.
Well, yeah, there will have to be an alternative to oil
eventually.
Do you not find it amazing that BP -- an OIL COMPANY -- is running a
nationwide ad campaign asking "What's your carbon footprint?"
Google for "end of oil" and pay attention to what you find.
And? There are always doomsayers out there.
.
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| User: "Docky Wocky" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 03:25:23 PM |
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What's going to happen when they finally admit that petroleum is a renewable
resource?
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| User: "Captain Compassion" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 03:51:54 PM |
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On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away in
Katrina -- runs a drill ship in the Gulf. They've been punching and capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
There is Canada tar sand.
1.8 trillion barrels.
--
"Civilizaton is the interval between Ice Ages." -- Will Durant.
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
.
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| User: "BushTheDrunkenBastard" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 08:55:00 PM |
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"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:qq2h12l484rt1jf2onegmb6qc9n9bpa876@4ax.com...
On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away
in
Katrina -- runs a drill ship in the Gulf. They've been punching and
capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for
someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
There is Canada tar sand.
1.8 trillion barrels.
If Bush would've spent 1/2 of the $500 billion in Iraq on energy research
instead of War, we'd be pumping H2O into our gas tanks. Then again Bush
wouldn't have an open door to rob the US Treasury for Enron, Exxon and
Cheney's Corps.
.
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| User: "Captain Compassion" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 09:13:40 PM |
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On Thu, 16 Mar 2006 02:55:00 GMT, "BushTheDrunkenBastard"
<zeer@fera.net> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:qq2h12l484rt1jf2onegmb6qc9n9bpa876@4ax.com...
On Wed, 15 Mar 2006 12:51:21 -0500, "Joe S." <anon@mous.com> wrote:
"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
This is news??
My cousin -- whose beachfront home in Pass Christian, MS was washed away
in
Katrina -- runs a drill ship in the Gulf. They've been punching and
capping
holes in this field for four years. They are drilling in water that's
3,000 - 5,000 feet deep and putting holes 10,000 - 13,000 feet deep. Some
of this is straight down, other is directional (slant) drilling. They
drill, hit oil or whatever, cap and mark the hole, and move to the next
spot.
This is a major part of the problem. Most of the world's oil reserves are
known and have been explored. In some cases, the fields have been mapped;
in other cases, the fields have been drilled and capped, waiting for
someone
to start pumping.
This is not "new" discovery -- the oil field has been known about for
years -- the only thing new is someone has now put wells into the field --
which means we will now begin to draw down more of the world's reserves.
There is Canada tar sand.
1.8 trillion barrels.
If Bush would've spent 1/2 of the $500 billion in Iraq on energy research
instead of War, we'd be pumping H2O into our gas tanks. Then again Bush
wouldn't have an open door to rob the US Treasury for Enron, Exxon and
Cheney's Corps.
I don't think so. If there was a viable alternative then it would be
developed. There are lots of bucks too be made.
--
"Civilizaton is the interval between Ice Ages." -- Will Durant.
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
.
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| User: "£Æ§RÐÄ$$xoÃ-¥LxS" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 10:58:26 AM |
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"Captain Compassion" <daranc@NOSPAMverizon.net> wrote in message
news:d8hg12lonkbcp7usdrl5h8gt5ntvbtqo5c@4ax.com...
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
VERACRUZ, Mexico - President Vicente Fox climbed aboard a drilling
platform in the Gulf of Mexico on Tuesday to formally announce a new
deep-water oil discovery he said could eventually yield 10 billion
barrels of crude oil.
An exploratory well dubbed Noxal 1 was drilled at a depth of 3,070
feet below the water, and is seeking a depth of 13,125 feet.
"With Noxal we will begin a new era of oil exploration in our
country," Fox said aboard the "Ocean Worker 6 Britania" platform.
Government estimates say the find could exceed reserves at the giant
offshore field Cantarell, Mexico's largest oil field, which has seen
its production decline but is still expected to yield 1.9 million
barrels a day this year.
Luis Ramirez, chief executive of Mexico's government-run oil monopoly
Petroleos Mexicanos, or Pemex, said Noxal is the fourth deep-water
well explored by Pemex.
Ramirez said that while production tests will be conducted in coming
weeks, "evidence found is sufficient to infer potential reserves to be
discovered that could reach 10 billion barrels of crude oil
equivalent."
"This number, compared with annual production of 1.6 billion barrels
of crude, shows its strategic importance," Ramirez said, adding that
crude oil production at Noxal likely won't begin for eight to 10
years.
Fox said his administration has invested more than $6.3 billion in
exploration in the last five years. Pemex expects the new find to
offset further production declines at Cantarell expected in coming
years.
Pemex contracted a private company to drill the well. The fastest way
to get the oil out would be by Pemex forming alliances with companies
that have the deep-water technology. However, current laws forbid
private companies from exploration and production activities in Mexico
except under contract to Pemex.
The Fox administration has been attempting to ease foreign investment
restrictions in the state-run energy sector. But those efforts have
been blocked in Congress.
Pemex produced 3.33 million barrels a day of crude oil last year, of
which it exported 1.82 million barrels. This year, the company expects
to raise production to about 3.42 million barrels a day.
--
"Civilizaton is the interval between Ice Ages." -- Will Durant.
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
Bush will be invading Mexico at any second.
.
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| User: "Christopher Helms" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 11:29:43 AM |
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Bush will be invading Mexico at any second.
Damn, you beat me to it. We should consider the true measure of how
"major" it is by how long it takes before Rice and Rummy start the
sabre rattling. Those two pinheads are better barometers of what's
actually going on than Fox "news" will ever be.
.
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| User: "" |
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| Title: Re: Fox Announces Major Mexico Oil Find |
15 Mar 2006 11:35:55 AM |
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On Wed, 15 Mar 2006 08:49:38 -0800, Captain Compassion
<daranc@NOSPAMverizon.net> wrote:
Fox Announces Major Mexico Oil Find
By MIGUEL HERNANDEZ, Associated Press Writer
Tue Mar 14, 9:08 PM ET
VERACRUZ, Mexico - President Vicente Fox climbed aboard a drilling
platform in the Gulf of Mexico on Tuesday to formally announce a new
deep-water oil discovery he said could eventually yield 10 billion
barrels of crude oil.
At present US consumption of about 22 million barrels a day that will
only be 454 days worth of oil.
Hal
An exploratory well dubbed Noxal 1 was drilled at a depth of 3,070
feet below the water, and is seeking a depth of 13,125 feet.
"With Noxal we will begin a new era of oil exploration in our
country," Fox said aboard the "Ocean Worker 6 Britania" platform.
Government estimates say the find could exceed reserves at the giant
offshore field Cantarell, Mexico's largest oil field, which has seen
its production decline but is still expected to yield 1.9 million
barrels a day this year.
Luis Ramirez, chief executive of Mexico's government-run oil monopoly
Petroleos Mexicanos, or Pemex, said Noxal is the fourth deep-water
well explored by Pemex.
Ramirez said that while production tests will be conducted in coming
weeks, "evidence found is sufficient to infer potential reserves to be
discovered that could reach 10 billion barrels of crude oil
equivalent."
"This number, compared with annual production of 1.6 billion barrels
of crude, shows its strategic importance," Ramirez said, adding that
crude oil production at Noxal likely won't begin for eight to 10
years.
Fox said his administration has invested more than $6.3 billion in
exploration in the last five years. Pemex expects the new find to
offset further production declines at Cantarell expected in coming
years.
Pemex contracted a private company to drill the well. The fastest way
to get the oil out would be by Pemex forming alliances with companies
that have the deep-water technology. However, current laws forbid
private companies from exploration and production activities in Mexico
except under contract to Pemex.
The Fox administration has been attempting to ease foreign investment
restrictions in the state-run energy sector. But those efforts have
been blocked in Congress.
Pemex produced 3.33 million barrels a day of crude oil last year, of
which it exported 1.82 million barrels. This year, the company expects
to raise production to about 3.42 million barrels a day.
.
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