
By the late '80s, the platform's production had slipped to less than 4,000 barrels per day, and was considered pumped out. Done. Suddenly, in 1990, production soared back to 15,000 barrels a day, and the reserves which had been estimated at 60 million barrels in the '70s, were recalculated at 400 million barrels. Interestingly, the measured geological age of the new oil was quantifiably different than the oil pumped in the '70s.In spite of the fact that they have been pumping oil for decades in Saudi Arabia, there has not been any sign of a reduction in pressure.
Analysis of seismic recordings revealed the presence of a "deep fault" at the base of the Eugene Island reservoir which was gushing up a river of oil from some deeper and previously unknown source.
Similar results were seen at other Gulf of Mexico oil wells. Similar results were found in the Cook Inlet oil fields in Alaska. Similar results were found in oil fields in Uzbekistan. Similarly in the Middle East, where oil exploration and extraction have been underway for at least the last 20 years, known reserves have doubled.


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Meanwhile - away from the (apparently) drug-addled media reaganaether I'm thinking : Winter's coming - Wood stoves....hmmm....insulation....solar hot water heater....Gee, sure wish I could afford a hybrid car....
posted by troutfishing at 6:39 AM on June 8, 2004