Article

2010-09-16 Economy

First Government Effort To Put An End To Gulf Oil Production

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Anonymoose 2010-09-16 00:00|| || Front Page|| [11124 views ] Top

#1 It's my understanding that depleted fields in the Gulf will sometimes refill from below. I can understand cementing the well - I assume that it's not a big deal to drill through the plug to access the well.

But what's this about "abandoning the opportunity of reopening them for production"? What's the reason for that?

If the blowout preventer is removed, and the well cemented and capped, how long before the piping corrodes to the point where re-opening is unwise?

Posted by KBK 2010-09-16 00:28|| 2010-09-16 00:28|| Front Page Top

#2 NATURALLY + ARTIFICIALLY [man-made] "LEAKY" GULF FIELDS + SPACE ROCK IMPACT = FIERY, ORBIT-DESTABILZ, GRANDDADDY/MOTHER-OF-ALL-PLANET-SIZED RAMJETS.

Just in case LUNA[Moon] + PLANET MERCURY [FATIMA's "Riderless Winged Hoss" = Uncontrolled Inner Planet] change their minds about participating in AL-GORE's MMGW APOCALYSPE.

* ION TOPIX > SUNSPOTS COULD DISAPPEAR FOR DECADES: STUDY [starting as early as 2016].

ARTIC > Pert-believed NEW MAUNDER MINIMUM = MINI-ICE AGE/NEW ICE AGE may induce not only significant, iff not destructive, years-long damage to Global Power-Informat Grids, BUT MAY ALSO LEAD TO VARIOUS KINDS OF REGIONAL.INTERNATIONAL ANARCHIES, E.G. MILITARY CONFLICTS OVER FOOD, RESOURCE SHORTAGES, ETC.

* TOPIX > SCIENTISTS: MAUNDER MAXIMUM/SOLAR FLARES TO BE STRONGER [30-50%]THAN LAST SOLAR CYCLE.

and

* DAILY TIMES.PK > ARCTIC STORMS [frequency of "Polar Low" storms] TO DECREASE WITH GLOBAL WARMING [increase]. Earth may experience an average per annum of 17-23 short-but-intense Arctic Storms by year 2100, down from an average of 36 during the 20th century.

INTEHWESTING,IIUC PERTS > are collectively saying Earth will see or experience STRONGER SOLAR FLARES THAN EVER BEFORE, YET MAY SEE NO SUNSPOTS FOR UP TO A FEW DECADES???

MECHANICS > HIGH HEAT + NO RELEASE FOR SAME =????

Posted by JosephMendiola 2010-09-16 01:55|| 2010-09-16 01:55|| Front Page Top

#3 Wells which are not economically feasible to be produced today, may very well be economically feasible to produce in the future. When oil was selling for $3.75 pbl in the late 1960's, a number of land based wells were not pumped. When it jumped to $17. pbl after the first oil embargo, things quickly changed. Formations do sometimes recover and technology such as waterflooding enables recovery of marginal production leases in land based formations.

Behold yet another ill-conceived Obama administration action designed to permanently enslave us to muslim oil production.

Posted by Besoeker 2010-09-16 05:30|| 2010-09-16 05:30|| Front Page Top

#4 If the wells and formations were under pressure, ie, flowing without pumps, they would quite logically still be in production. Where is the environmental danger?

Posted by Besoeker 2010-09-16 05:37|| 2010-09-16 05:37|| Front Page Top

#5 Words fail me.

Posted by Thing From Snowy Mountain 2010-09-16 09:31|| 2010-09-16 09:31|| Front Page Top

#6 He feels free to do all of this SHIT because he knows the big production shortfall is going to hit in 2013 and 2014, when someone else will be president and take the blame.

IF he had the risk of having to take responsibility for a massive production shortfall or shortage or price increace _on his watch_ he wouldn't be doing this.

Posted by Thing From Snowy Mountain 2010-09-16 09:35|| 2010-09-16 09:35|| Front Page Top

#7 He thinks he can be a tyrant any time he wants to in America. Kick his ass.

Posted by Squinty Ulusorong9887 2010-09-16 09:50|| 2010-09-16 09:50|| Front Page Top

#8 We've been working for years towards a more logical status - call it 'storm-safe' suspension. We 'almost' abandon wells we may want to sidetrack later - properly and permanently cement off previous completions and set cement plugs in the casing to further isolate any potential fluid leaks, but we do not cut off the casing below mud line. It actually does make environmental sense to go this far on non-producing wells since a hurricane could come through and tear out the platform, leaving open wells with nothing but a packer and control valve to keep fluids in the ground. Despite being 'watered-out' these old wells can be capable of venting water with a small amount of oil or gas, and as KBK said, sometimes reservoirs do rebuild pressure after being shut in for a while - I have several such on production right now in the field I work.

Posted by Glenmore 2010-09-16 10:16|| 2010-09-16 10:16|| Front Page Top

#9 It all boils down to trust; I'm not certain I trust the administration that's already done so much to help Saudi profits to manage properly shutting in wells so that production could possibly be resumed in the future.

(That and the whole Eugene Island thing).

Posted by Thing From Snowy Mountain 2010-09-16 10:28|| 2010-09-16 10:28|| Front Page Top

#10 It actually does make environmental sense to go this far on non-producing wells since a hurricane could come through and tear out the platform....Glenmore

Most falsehoods contain a thread of truth. 3,500 wells? 120 days? Sorry, I smell retribution.

Posted by Besoeker 2010-09-16 11:07|| 2010-09-16 11:07|| Front Page Top

#11 First there was the drilling moratorium that was proved to have no legal basis. Then there was the unprecedented government strong arm on a private company for a compensation pool. Currently there is a call for legislation to raise taxes on petroleum producers for an infrastructure slush fund. And now an administrative knee jerk for oppressive regulations on idled wells. Hmmmand all this after Cap and Trade has been temporarily scrapped. Why does the word nudge keep popping into my brain?

Posted by DepotGuy 2010-09-16 11:38|| 2010-09-16 11:38|| Front Page Top

#12 Who benefits?

Soros. His money in the offshore drilling of Petrobras will be vastly multiplied as the US chokes itself and becomes even more dependent upon imports while discarding domestic production.

Also, this kills the little operators, while living the big multi-nationals still going.

The US Government has destructive of the nation, and has become a tool evil. If it is not changed, we the people may end up called to take action, and possibly even to take up arms...

When a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce [the people] under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security

Posted by No I am The Other Beldar 2010-09-16 14:31|| 2010-09-16 14:31|| Front Page Top

#13 we the people may end up called to take action, and possibly even to take up arms...

Gee, I wonder if the Second Amendment was not about target shooting, or collecting, or hunting, or even self defense, but about .... I had better shut up now!

Posted by Glenmore 2010-09-16 20:00|| 2010-09-16 20:00|| Front Page Top

#14 Armed rebellion is not something to be casually considered. Anyone that has seen war does NOT want it in his homeland except as the last resort.

It has not come to force of arms... yet.

Posted by OldSpook 2010-09-16 21:53|| 2010-09-16 21:53|| Front Page Top

#15 Soros. Makes sense. He has bought the D party and its moles in gvernment. If the shooting starts, Soros should be the first against the wall.

Posted by OldSpook 2010-09-16 21:57|| 2010-09-16 21:57|| Front Page Top

23:59 gorb
23:55 JosephMendiola
23:47 JosephMendiola
23:42 Barbara Skolaut
23:41 CrazyFool
23:37 Barbara Skolaut
23:25 European Conservative
23:23 Zhang Fei
22:59 M. Murcek
22:56 Iblis
22:41 Shieldwolf
22:40 Procopius2k
22:38 CrazyFool
22:38 Shieldwolf
22:36 Shieldwolf
22:31 Shieldwolf
22:24 European Conservative
22:17 JohnQC
22:14 JohnQC
22:10 JohnQC
22:04 Besoeker
22:01 Black Charlie Chinemble5313
22:00 JohnQC
22:00 bigjim-CA