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-Caveat Lector- Sean McBride wrote: http://sitbot.net/im/viet_oil_increase_rate.jpg Click to view chart, even easierTim,Can you give me the single best money quote (with link) from a reputable oil industry expert which claims that extracting abiotic oil from deep wells is a viable economic proposition in the near term? I want to know who that expert is, and how he or she has responded to critics.
Charting the RATE of increase in Vietnamese oil production shows that the
REAL Peak Oil crisis is a crisis of confidence in the Fossil Fuel myth and its
obsolete Jurassic Park dinosaur reptile(snake) oil salesmen.
The rate of increase in Vietnamese production of deep abiotic, mineral oil
would be FAR more amazing if not for the burden of a centrally planned industrial
economy on that rate of increase in production.
The bureaucratic burden on the rate of increase in production is described at the
"strategis" link below, talking about the Dung Quat refinery. Communism is
funny. Adjust the above chart for communism and it would be HYPERBOLIC.
As junk political science, communism presses on, while western junk science is
well-financed and implemented because harming people is so profitable. Russian
junk science remains a harmless curiosity due to lack of financing.
Looking at the chart above would save you even more time than listening toI don't have time at the moment to work through the link chain below.
people who say gasoline additive MTBE and fluoride belong in the water supply.
You will be waiting a long time to see the studies they have already done on
MTBE and abiotic oil, if they hid the fluoride studies for eighty years to protect
DuPont, Alcoa, and other fluoride-dependent government contractors, principally
through the efforts of CIA agent Harold Hodge to suppress or prevent science.
http://www.google.com/search?q=vietnam%20white%20tiger%20oil
http://www.eia.doe.gov/emeu/cabs/vietnam.html
Vietnam has 600 million barrels of proven oil reserves, and further discoveries are likely. Crude oil production averaged 352,507 barrels per day (bbl/d) in 2003. The country has six operating oil fields, of which Bach Ho (White Tiger), Rang Dong (Dawn), Hang Ngoc, and Dai Hung (Big Bear) are the largest. Most oil exploration and production activities occur offshore in the Cuu Long and Nam Con Son Basin. Vietnam currently has no operating oil refineries - therefore a large portion of its oil production is exported. Export markets include Japan (the largest importer of Vietnamese oil), Singapore, the United States, and South Korea. Vietnam had net exports of an estimated 150,507 bbl/d of oil in 2003....In May 2003, Zarubezhneft, a RUSSIAN oil company, decided to withdraw from the development of the Dai Hung oilfield, which it had been developing in conjunction with PetroVietnam. Zarubezhneft will maintain its interest in the Bach Ho field (block 9-01), which is currently the LARGEST oil-producing field in Vietnam.
http://www.gasandoil.com/goc/company/cnm30275.htm
11-12-02 Russian oil companies are trying to secure new contracts with Baghdad in an attempt to dominate Iraq's huge reserves and hold Washington to its promise of respecting Moscow's economic interests in the event of a regime change. Two Russian oil giants, ZarubezhNeft and Rosneft, announced that they were jointly preparing to sign a contract to develop the massive Nahr Umr oilfield in Iraq, which they said contains 3 billion tons of crude oil -- worth an estimated £ 350 bn....ZarubezhNeft's general director, Nikolai Tokaryev, said.
http://www.vvg-vietnam.com/Oil_head.htm
Zarubezhneft is keen to dismiss the inevitable speculation about its imminent "privatization," stressing that reorganization would not amount to privatization and that the federal government would own 100 percent of the company's shares. Russian President Vladimir Putin is due to sign a special decree excluding Zarubezhneft's shares from any sale to private firms.Vietnamese officials apparently do not like the idea of a private Russian firm operating Vietnam's main oil fields: this consideration probably kept Zarubezhneft beyond the limits of Russia's murky oil privatization program during the 1990s. Obviously, Zarubezhneft's revamp may affect bargaining between Russia and Vietnam on how to prolong the July 16, 1991 agreement on VSP's operations. Russians had hoped to pump crude for up to 25 more years and exploit Vietnam's gas fields for up to three decades, but with Zarubezhneft going public, these plans may change sooner than expected.
In a possible sign of displeasure over Zarubezhneft's revamp, Vietnamese media outlets speculated that Zarubezhneft may withdraw from a venture to exploit the Dai Hung, or Big Bear, oil field. "It is highly probable that the Russian company will pull out," an official who asked not to be named was quoted as saying in the Saigon Times."Zarubezhneft has wavered over investment as exploration at some drilled wells has not brought about good results," he said, and added that "PetroVietnam will go it alone if Zarubezhneft relinquishes the venture."
In late 2002, PetroVietnam and Zarubezhneft reportedly agreed to invest $200 million into the oil field to increase output at Dai Hung. However, the Russian company appeared reluctant to go on with the project after drilling exploratory wells in the field, saying that the investment is risky, according to The Saigon Times. However, Zarubezhneft said that media allegations regarding his company's alleged withdrawal from Dai Hung were untrue.
Last fall, Dai Hung's test well produced a strong oil flow and last October VSP announced the discovery of a new hydrocarbon deposit at the Dai Hung offshore oil field at a depth of more than three kilometers. In November, VRJ-Petroleum, a joint venture between Zarubezhneft (50 percent), PetroVietnam (35 percent) and Japan's Idemitsu (15 percent), decided to drill a first well to explore the adjacent 09-3 offshore block. However, the next test well at Dai Hung was not successful.
So far, Dai Hung has not been a success story at all. In 1993, Australia's Broken Hill Proprietary Ltd (BHP) won a bid for Dai Hung and announced that it could yield up to 14 million tons of crude oil a year, or 250,000 barrels a day. However, BHP was initially pumping 25,000 barrels and then output went down. After spending some $250 million, BHP exited Dai Hung in 1997. Malaysia's Petronas took over the field, but failed to raise output and left in 1999. In 2000, Vietsovpetro took over Dai Hung, and was able to pump some 300,000 tons a year or nearly 50 times less than BHP expected.
Moreover, Zarubezhneft recently withdrew from a major venture, VietRoss, to build Dung Quat, Vietnam's first proposed oil refinery, although remaining a subcontractor in the Dung Quat project for two bidding packages worth some $110 million. This was announced on December 2002, when Russian stated that Zarubezhneft was pulling out of the $1.3 billion VietRoss joint venture. Vietnam reimbursed Russia the $235 million it had put into the VietRoss venture.
In the meantime, the 50 percent stake in VSP is
Russia's most profitable state-owned asset.
Russia earned some
$400 million of profit from Vietsovpetro in 2002.
In October, Russian officials announced that VSP's proven oil reserves had been raised to 493 million tons from the earlier figure of 430 million tons. They also pledged to sustain VSP's annual output at more than 13 million tons until 2006.
Subsequently, in the wake of the recent mega-merger, there is open speculation about the privatization of Russia's remaining oil state-controlled assets, Zarubezhneft and Rosneft.
However, Zarubezhneft is only VSP’s operator, not owner. And without lucrative Iraqi projects, Zarubezhneft might be viewed as not exactly attractive. The total value of the assets owned by Zarubezhneft was estimated at
$4.6 million
in 2002.
http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/en/gr115460e.html
Zarubezhneft had been working in Iraq since the late 1960s and helped launch Iraq's Rumaila field. However, Zarubezhneft conceded that it has little chance of keeping its earlier deals in post-Saddam Hussein Iraq.
The Dung Quat saga began in 1995 when Total SA pulled out, claiming that the site made
no economic sense whatsoever.
According to some estimates, the refinery's site removal from Vung Tau to Dung Quat involved extra costs to the tune of some $500 million. A consortium of foreign firms, including South Korea's LG Group and Petroleum National Berhad (Petronas) of Malaysia, stepped in to replace Total in Dung Quat - only to pull out two years later.
The project, the first of its kind in Vietnam, was to be completed in 2001 and to be operational in 2002. However, the regional financial crisis in 1997 and 1998 sent oil prices down and hit Vietnam's crude oil revenue. To ease the burden on the State budget, the government decided to sign an agreement with Russia to develop the project but downsize its investment capital to US$1.3 billion.
A joint venture to develop the project was established with the State-run PetroVietnam representing the Vietnamese side with a 50 percent stake and Zarubezhneft of the Russian side with 50 percent. As the 50/50 joint venture operates on a consensus basis, many issues had to be discussed for a long time but the two parties could not reach a solution, according to Pham Quang Du, PetroVietnam Chairman.
According to some PetroVietnam officials and experts from foreign petroleum companies, the petroleum industry in South East Asia is having surplus capacity. Some oil refineries currently operate at only 50-60 percent of their designed capacity. Oil refinery projects in Vietnam and other countries as well have low efficiency in the present situation. Therefore, few investors are willing to put money in oil refinery projects abroad if they are not allowed to operate the oil and petrol retail business. So, what PetroVietnam expects when it undertakes the project at the present stage is to offset the investment cost with revenue earned from oil and petrol retail. Furthermore, most refineries in the region have nearly completed depreciation; therefore, Vietnam's oil refinery can hardly compete in prices. In addition, its location in Dung Quat, central Vietnam, would make the cost of petroleum products higher compared with the location in Thanh Tuy Ha (Dong Nai province) or Ba Ria-Vung Tau province. The two provinces have favorable infrastructure while Dung Quat has almost none. This requires investors to spend heavily on building roads, ports, power lines and water systems on the site, thus increasing their investment costs. The location in Dung Quat will also push up the transport cost of crude oil and petroleum products. Half of the volume of crude oil for the refinery will be supplied from Bach Ho Oilfield and the other half from the Middle East, and the distances between Dung Quat and these two locations are longer compared with Dong Nai and Ba Ria -Vung Tau. According to some PetroVietnam experts, if the oil refinery is located in southern Vietnam, its output of 6.5 million tones of oil and petrol will be sufficient to meet the regional demand. A study by Total, the French petroleum company which intended to invest in the project but later withdrew, shows that if the refinery is based in Vung Tau, the production cost will be 5 percent lower than in Dung Quat. An MPI official points out that Dung Quat was chosen for the refinery because the project was expected to boost industrial development in central Vietnam, especially the petroleum industry. "Vietnam hopes to find big gas fields in the central coast and develop the gas industry along with the petro-chemical industry. So far, only one gas field with huge reserve of up to 1.2 trillion cubic meters has been found, but the gas contains too much carbon dioxide," he said.
Sean> Have you ever heard of Lysenko? The Russians have a certain track record with crackpot science. I confess that my knowledge about Lysenko has negatively affected my attitude about all Russian scientific theories which sound the least bit questionable. The Russians were also big on psychic research.
Bob> MKULTRA, Monarch, NSA remote viewing and FBI psychics? The west
implements crackpot science and the Russian versions you mention are
harmless pie-in-the-sky to us, aren't they? The Soviets had a govt psychic
testing witchcraft on Bobby Fischer in his matches with Boris Spassky,
and the US has employed remote viewers and psychics at least as long.
Old fashioned lie detector machines are only as accurate as a coin toss,
but once again junk science was implemented and the job security of
lie detector technicians was 100% while 50% of lie detector subjects
lost their jobs due to junk science. The west always implements junk
science, and hurts people, Russian junk science remains harmless
pie-in-the-sky; there's a theory and enough data to deserve funding
for a study.
Bob> Junk political science imported from the West in 1917 and againSean> If the Russians are so brilliant vis-a-vis the West on these "advanced" scientific topics, then why is their society such a wreck?
more recently. Won't they ever learn to look a wooden gift horse on
wheels in the mouth?
Western crackpot science is implemented and hurts people, while Russian
hokey science, other than hokey political science, is not implemented and
does not hurt people directly.
Actually Thomas Gold's SCIENCE may have been more advanced, while
Russian IMPLEMENTATION is definitely far more advanced. Gold said
that methane is made from mineral or abiogenic oil by microbial action,
using oxygen scavenged from iron oxide, while the Russians say that
oil came from mineral methane. Gold and the Russians both found oil
in deep bore holes, the Russians, Vietnamese, Canadians, and others
are producing deep oil and gas. Whether oil came from methane or gas
from oil, why not start drilling if others are already producing?
MTBE additive in gasoline, fluoride and mercury in the human mouth,
that's crackpot science implemented and hurting people. Fossil fuel
myth is religion not science, and people have been killed for that bad
science.
If Russian estimates, based on real data, are correct about mideast oil fields
refilling from below at a significant rate, and if Russia's hundreds of deep
oil wells and the Vietnam White Tiger oil fields are producing as alleged,
that would indicate that the same people who enforced the false science
of fluoride in the last century have again kept the real studies unpublished.
http://sitbot.net/re/SuppressedFluorideStudiesBryson
We have been reading about hundreds of Russian oil wells, the Vietnamese
White Tiger oil field, and while Thomas Gold's test hole in the Swedish
Siljan shield was only an experiment, the Canadians are putting a hundred
million or so into gas wells and a production plant in the same kind of
meteorite-fractured igneous rock formation as Siljan shield, in the
Canadian Shield, both granite.
What may be just as important or more important for the near future is
Russian estimates of how fast the mideast oil fields are refilling. They
upped the estimates of Iraqi reserves in the fields they wanted to drill
from one up to three billion tons, probably due to estimating rate of
refilling while oil was being removed.
Scotchguard was pulled off the market by corporate lawyers who have read
the real fluoride studies. USDA is allowed to research vegetable diesel. I
assume that Peak Oil is the last gasp of fossil fuel fear tactic because USDA
has been enlisted in Continuing Government by assisting the Peak Oil
myth as last gasp of Fossil Fuel Jurassic snake-oil sales.
When MTBE, a gasoline additive which increases profits while poisoning
the aquifer(underground water supply), is withdrawn from the market like
Scotchguard(contains deadly fluorine compound), the Fossil Fuel Jurassic
Park snake-oil salesmen will be in orderly retreat. Meanwhile, junk science
assures us that's perfectly safe for children to continue to brush their teeth
with MTBE and to drink MTBE from the public water supply.
-Bob
Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org
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