Oil Fields Are Refilling... Naturally - Sometimes Rapidly By Robert Cooke Staff Writer - Newsday.com There Are More Oil Seeps Than All The Tankers On Earth Kennicutt, a faculty member at Texas A&M University, said it is now clear that gas and oil are coming into the known reservoirs very rapidly in terms of geologic time. The inflow of new gas, and some oil, has been detectable in as little as three to 10 years. In the past, it was not suspected that oil fields can refill because it was assumed the oil formed in place, or nearby, rather than far below. According to marine geologist Harry Roberts, at Louisiana State University, "petroleum geologists don't accept it as a general phenomenon because it doesn't happen in most reservoirs. But in this case, it does seem to be happening. You have a very leaky fault system that does allow it to migrate in. It's directly connected to an oil and gas generating system at great depth." What the scientists suspect is that very old petroleum -- formed tens of millions of years ago -- has continued migrating up into reservoirs that oil companies have been exploiting for years. But no one had expected that depleted oil fields might refill themselves. Now, if it is found that gas and oil are coming up in significant amounts, and if the same is occurring in oil fields around the globe, then a lot more fuel than anyone expected could become available eventually. It hints that the world may not, in fact, be running out of petroleum.

Huge new oil discovery in Brazil The Papa-Terra field was found in the Campos Basin, which is already Brazil's most important oil-producing region. Petrobras estimates it contains at least 700 million barrels of crude - about 10% of Brazil's current reserves. The field, which is jointly operated with the US company Chevron, should start producing oil by the end of 2011.

Mexico discovers 'huge' oil field Mexican President Vicente Fox has announced the discovery of a new deep-water oil field, which is believed to contain 10bn barrels of crude.

Alaska’s Gull Island Oil Fields Could Power U.S. for 200 Years Americans will never hear about huge oil and gas reserves in the United States, which, if ever tapped, would bring today’s fuel prices at least as low as $1.50 per gallon and make America more energy independent. A huge quantity of crude oil and natural gas exists under Gull Island, located in the waters of Prudhoe Bay in Alaska, says Williams. He cited key British Petroleum memoranda and related the statements of upper echelon oil officials who told him that Gull Island would be kept under wraps, limiting domestic supplies so Americans would someday see prices hit up to $10 a gallon at the pump.

Confessions of an “ex” Peak Oil Believer By F William Engdahl, September 14, 2007 The good news is that panic scenarios about the world running out of oil anytime soon are wrong. The bad news is that the price of oil is going to continue to rise. Peak Oil is not our problem. Politics is. Big Oil wants to sustain high oil prices. Dick Cheney and friends are all too willing to assist. The Peak Oil school rests its theory on conventional Western geology textbooks, most by American or British geologists, which claim oil is a ‘fossil fuel,’ a biological residue or detritus of either fossilized dinosaur remains or perhaps algae, hence a product in finite supply. Biological origin is central to Peak Oil theory, used to explain why oil is only found in certain parts of the world where it was geologically trapped millions of years ago. An entirely alternative theory of oil formation has existed since the early 1950’s in Russia, almost unknown to the West. It claims conventional American biological origins theory is an unscientific absurdity that is un-provable. They point to the fact that western geologists have repeatedly predicted finite oil over the past century, only to then find more, lots more. In 1956, Prof. Vladimir Porfir’yev announced their conclusions: ‘Crude oil and natural petroleum gas have no intrinsic connection with biological matter originating near the surface of the earth. If they were right, oil supply on earth would be limited only by the amount of hydrocarbon constituents present deep in the earth at the time of the earth’s formation. A total of sixty one wells were drilled, of which thirty seven were commercially productive, an extremely impressive exploration success rate of almost sixty percent. The size of the field discovered compared with the North Slope of Alaska. By contrast, US wildcat drilling was considered successful with a ten percent success rate. Nine of ten wells are typically “dry holes.” Peak Oil theory is based on a 1956 paper done by the late Marion King Hubbert, a Texas geologist working for Shell Oil. He argued that oil wells produced in a bell curve manner, and once their “peak” was hit, inevitable decline followed. When US oil output began to decline in around 1970 Hubbert gained a certain fame. The only problem was, it peaked not because of resource depletion in the US fields. It “peaked” because Shell, Mobil, Texaco and the other partners of Saudi Aramco were flooding the US market with dirt cheap Middle East imports, tariff free, at prices so low California and many Texas domestic producers could not compete and were forced to shut their wells in.

Brazil's state oil company said Thursday that it has discovered as much as 8 billion barrels of light crude in an ultra-deep field off the coast of Rio de Janeiro, an amount that could help transform the country into a major world oil exporter. Petroleo Brasileiro SA's announcement that the Tupi field has between 5 billion and 8 billion barrels of recoverable light oil sent Petrobras shares soaring 26 percent in New York, to a close at a new 52-week high. The sheer magnitude of the find suggests Brazil could transform itself from a medium-level oil producer "to another level, like Venezuela, Arab nations and others," said presidential chief of staff Dilma Rousseff.

ONGC discovers new Iranian oilfield Iran has discovered an oilfield within its southwestern Farsi oil block, an oil official said on Saturday, without giving details of estimated reserves. ONGC was reported to have previously begun technical studies for the project, which is planned to take place in two phases with an expected yield of 500 million cubic feet of natural gas per day from each phase.

Brazil faces oil wealth decisions Work is almost completed on Petrobras 51 (P-51) and there seems little doubt it will be put to good use, with Brazil making headlines around the world for its recent oil finds. One field known as Tupi is said to hold between 5 and 8 billion barrels of oil and gas. There have been suggestions from official sources that another may contain as much as 33 billion barrels. When the platform is fully operational it will able to produce 180,000 barrels of petroleum daily as well as 6 million cubic metres of gas, yet another indication of Brazil's growing strength as an oil-producing nation.

The Energy Non-Crisis by Lindsey Williams This site has an on-line version of the book see the video here: http://video.google.com/videoplay?docid=3340274697167011147 Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to the information that is documented in this book. After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis. It is with great pride and pleasure that I endorse this manuscript and compliment the authors for taking time to do the research and make it available to all of us. March 19, 1980 Hugh M. Chance Former Senator of The State of Colorado

HOW MUCH OIL & GAS IS IN ANWR'S COASTAL PLAIN? My Note: Sorry but these folks did not bother to date their work so we cannot be certain how current the info is. Although little oil and gas exploration has taken place in ANWR, the Coastal Plain is believed to have economically recoverable oil resources. In 1980, the U.S. Geological Survey estimated the Coastal Plain could contain up to 17 billion barrels of oil and 34 trillion cubic feet of natural gas. After several years of surface geological investigations, aeromagnetic surveys, and two winter seismic surveys (in 1983-84 and 1984-85), the U.S. Department of Interior (DOI), in its April, 1987 report on the oil and gas potential of the Coastal Plain, estimated that there are billions of barrels of oil to be discovered in the area. DOI estimates that "in-place resources" range from 4.8 billion to 29.4 billion barrels of oil. Recoverable oil estimates ranges from 600 million barrels at the low end to 9.2 billion barrels at the high end. They also reported identifying 26 separate oil and gas prospects in the Coastal Plain that could each contain "super giant" fields (500 million barrels or more). U.S. Geological Survey -