Massive oil field found under Gulf

[Soldier4Christ]

Massive oil field
found under Gulf 
Reserves south of New Orleans could rival
North Slope, boosting U.S. supplies by 50%


Chevron and two oil exploration companies announced the discovery of a giant oil reserve in the Gulf of Mexico that could boost the nation's supplies by as much as 50 percent and provide compelling evidence oil is a plentiful deep-earth product made naturally on a continuous basis.

Known as the Jack Field, the reserve – some 270 miles southwest of New Orleans – is estimated to hold as much as 15 billion barrels of oil.

Authors Jerome R. Corsi and Craig R. Smith say the giant find validates the key thesis of their book, "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," that oil did not come from the remains of ancient plant and animal life but is made naturally by the Earth.

"We have always rejected the theories that oil and natural gas are biological products," Corsi told WND. "Chevron's find in the Gulf of Mexico validates our argument that the Gulf is a huge resource for finding oil and natural gas."

The Wall Street Journal reports today the find could boost the nation's current reserves of 29.3 billion barrels by as much as 50 percent.

Chevron discovered the field by drilling the deepest to date in the Gulf of Mexico, down 28,175 feet in waters nearly 7,000 feet deep, some seven miles below the surface of the Earth.

The second biggest source of oil in the world is Mexico's giant Cantarell field in the Gulf of Mexico near the Yucatan Peninsula. It was discovered in 1976, supposedly after a fisherman named Cantarell reported an oil seep in Campeche Bay.

In March, Mexico announced the discovery of a field that could be larger than Cantarell, the Noxal field in the Gulf of Mexico off Veracruz.

In "Black Gold Stranglehold," Corsi and Smith argued the theory developed in the Soviet Union in the 1950s by Prof. Nikolai Kudryavtsev that oil is a deep-earth, abiotic product. The theory, the authors wrote, "rejected the contention that oil was formed from the remains of ancient plant and animal life that died millions of years ago. According to Kudryavtsev, oil had nothing to do with the unproved concept of a boggy primeval forest rotting into petroleum. The Soviet scientist ridiculed the idea that an ancient primeval morass of plant and animal remains was covered by sedimentary deposits over millions of years, compressed by millions of more years of heat and pressure."

Instead, the abiotic theory argued "oil should be seen as a primordial material that the earth forms and exudes on a continual basis."

Corsi and Smith directly challenge the "peak oil" theory advanced in 1956 by Shell Oil's M. King Hubbert.

In an interview with WND, Smith posed the following question: "If U.S. proven oil reserves can be increased by 50 percent with one deep-earth oil find in the Gulf of Mexico, who knows how much oil might be found as the technology of deep-water drilling advances and becomes even more economically feasible?"

In "Black Gold Stranglehold," Corsi and Smith note the importance of the abiotic theory:

    The thought that oil might be naturally produced on a regular basis, that oil itself might be a renewable resource, is very threatening to those who have invested their minds into believing that oil is fossil fuel. The logical consequence of the fossil fuel theory of oil has always been that we will run out of oil. After all, there could only be a finite number of ancient forests available to rot into oil. Ancient forests, even if once plentiful, are a finite resource that by definition will become exhausted after they are fully explored and their oil harvested. The logic of the fossil fuel theory is that inevitably we will run out of oil.

Corsi and Smith note the power of the abiotic theory: "Could it be that oil is abundant, nearly an inexhaustible resource, if only we drill deep enough?"

Prior to the Jack Field discovery, the largest U.S. oil find in the Gulf of Mexico has been the Thunder Horse, about 125 miles southeast of New Orleans. British Petroleum holds a 75-percent interest with ExxonMobil to develop the Thunder Horse. This field, too, is deep-earth oil, with BP and ExxonMobil finding oil under one mile of water and five miles below the seabed.

Scientists believe Mexico's richest oil field complex was created when the prehistoric, massive Chicxulub meteor impacted the Earth.

"Could it be that the Chicxulub meteor deeply fractured the entire bedrock under the Gulf of Mexico?" Corsi asked in a WND interview. "If so, we might find abundant oil wherever we look as we begin to explore the deeper waters of the Gulf."

Earlier this year, Cuba announced plans to hire the communist Chinese to drill for oil some 45 miles off the shores of Florida. This move was made possible by the 1977 agreement under President Jimmy Carter that created for Cuba an "Exclusive Economic Zone" extending from the country's western tip to the north, virtually to Key West, Fla.

"If Cuba and communist China believe they too can find oil in the Gulf, we should pull out all stops," argues Smith. "We may be able to bring the price of gasoline down under two dollars a gallon if oil can be found in these huge quantities within our territorial waters. It's crazy to think we should be dependent on foreign oil when we've made Mexico our number two supplier of oil with the reserves Mexico has found in the Gulf."

"Thomas Gold should feel vindicated today," Corsi added, referring to the Cornell University astronomer who in 1998 published "The Deep Hot Biosphere: The Myth of Fossil Fuels," a book that also challenged the conventional wisdom on the origin of oil.

"As an astronomer reading spectrographs," Corsi noted, "Gold knew that hydrocarbon products such as methane are abundant in our solar system. Gold knew that the abundant methane on Titan, the giant moon of Saturn, did not get formed by little dinosaurs up on Titan, or by any other kind of biological material. So far as we know, nothing living has ever been found on Titan."

[Soldier4Christ]

Will we be seeing lower gas prices now?

[airIam2worship]

I sure pray we will ..... it's getting to where cars are no longer a nessecity but a luxury... maintenance, oil changes, gas, tires, it's like have a whole separate family. You need a second job to upkeep and gas-up the car you use to get to work 

[Soldier4Christ]

Gulf of Mexico saturated with oil? 
Another find preceded this week's major discovery

Chevron's announcement this week that the Jack Field located in the Gulf of Mexico 270 miles southwest of New Orleans may have as much as 15 billion barrels of oil was not the only recent find of oil in the Gulf.

In March, Mexico announced the discovery of a new huge oil find, the Noxal Field some 60 miles from the port of Coatzacoalcos on the coast of Veracruz state. Estimated to contain as much as 10 billion barrels of oil, the find could well be larger than Cantarell, Mexico's biggest oil field, near Yucatan.

Like the Jack Field discovery, the Noxal Field is a deep-water find, relying on new drilling technology. Chevron is drilling the Jack Field under some 7,000 feet of water in a 28,175-foot well, in total nearly seven miles under the surface of the Gulf.

The Noxal find was deep-water, though somewhat less so that the Jack field, at under a little more than half a mile of water and a further two and a half miles underground.

"The new deep-water finds in the Gulf of Mexico are more validation for what we wrote in "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil," co-author Jerome R. Corsi explained to WND. "The deep-earth, abiotic theory – that the origin of oil has nothing to do with biological material – argues that oil is abundant at levels deep within the earth."

Co-author Craig R. Smith pointed out "all of these Gulf of Mexico oil finds are at deeper levels than traditional-thinking 'fossil fuel' geologists typically looked."

"Moreover, these finds call into question the 'peak oil' theories that we are running out of oil," he said. "When huge new finds are being made in the Gulf, why does President Bush continues to believe we must prepare for a world running out of oil?"

Even before the new Mexican discovery, the Energy Information Agency's own figures estimate proven world oil reserves at 1.28 trillion barrels, more than ever in human history, despite world consumption nearly doubling since the 1970s. Currently, oil is plentiful on world markets and the price has fallen under $70, despite the continuing uncertainty with resolving Iran's enrichment of uranium in defiance of the U.N. Security Council.

The Yucatan seabed is believed to have been deeply cracked by the impact of the huge Chicxulub meteor that killed the dinosaurs at the end of the Mesozoic Era. The Chicxulub impact crater is massive, estimated to be 100 to 150 miles wide. The seismic shock of the meteor fractured the bedrock below the Gulf and set off a series of tsunami activity that caused a huge section of land to break off and fall back into the crater under water.

"It is possible that the Chicxulub meteor fractured much of the bedrock in the Gulf of Mexico," Corsi told WND. "Who knows how much oil will be found in the Gulf of Mexico? 100 billion barrels? 200 billion barrels? Nobody really knows. We have just begun to explore the Gulf at deeper levels for oil."

The deep-earth, abiotic theory of oil's origin argues that oil forms within the mantle of the earth and enters the sedimentary rock layers through fractures in the bedrock.

"The Gulf of Mexico is approximately 550 miles measured north to south," Smith said. "The Gulf has a long shelf all around the perimeter. Deep-sea drilling is the fastest growing segment of the oil industry. We should expect new finds of huge oil deposits beneath the Gulf floor for many years to come."

Earlier this year, Cuba announced plans to hire the communist Chinese to drill for oil off Key West, Fla. The move was made possible by the 1977 agreement under President Jimmy Carter that created for Cuba an "Exclusive Economic Zone" extending from the western tip of Cuba to the north, virtually to Key West.

"If Cuba and communist China believe they too can find oil in the Gulf, we should pull out all stops," argues Smith. "We may be able to bring the price of gasoline down under $2 a gallon if oil can be found in these huge quantities within our territorial waters. It's crazy to think we should be dependent on foreign oil when we've made Mexico our number two supplier of oil with the reserves Mexico has found in the Gulf."