We discuss and comment on the role agriculture will play in the containment of the CO2 problem and address protocols for terraforming the planet Earth.
A model farm template is imagined as the central methodology. A broad range of timely science news and other topics of interest are commented on.
Friday, May 3, 2013
New Zealand Oil
this from Energy and Capital and it is a surprise. Best is that
jurisdiction works for everyone. Thus it will see quick development.
I know mega fields discovered in Africa over thirty years ago that
remain utterly untouched.
the rest of the world is now receiving a glowing lesson on how the
USA in particular is able to turn on a dime when local resource
extraction becomes possible. USA production has jumped an astounding
twenty percent in the last year. Better this growth appears poised
to continue at least until pricing drops.
is also capable of ensuring rapid exploitation. At the moment, no
one really knows what the scale of the reserve actually is but it is
odds on for been at least a multibillion barrel field.
a sleeping oil giant out there, and it's a place few ever associate
with fossil fuels — or heavy industry of any kind, for that
written about before in these very pages, one of the easiest ways to
discover oil is to look down at the ground.
centuries, man has been using oil he has found seeping at the
seepages — which were once common in North America and helped early
oil prospectors find the bonanzas hidden under the ground at places
like Spindletop, Texas, and California — are occurring right
more than 300 seepages have been discovered in the Kiwi nation, with
more being added every day as geologists continue surveying the
landscape and the shallow water just offshore.
interesting of all is that all this began quite recently...
only in 2007, when an earthquake off New Zealand's Stewart Island
brought an oil seepage to the surface, that international interest in
the region as a potential untapped source of crude began to gain
that discovery, this growing interest has opened thousands of square
miles for exploration and evaluation.
a small indicator, a lone well off the shores of New Zealand’s
D’Urville Island (population: 52), is said to contain as much as
100 million barrels.
told, geologists have recently estimated total NZ oil reserves
(within all the major, known oil-rich geology across the nation’s
major basins) to be well into the billions of barrels — perhaps
even more than is contained in all of the now legendary Bakken.
this potential, it does not take a great leap in logic to understand
why the likes of BP, ExxonMobil, and Shell have all sought to gain a
foothold in this untapped corner of the global oil and gas market...
an investor, this amount of interest in something that has remained
virtually untouched by modern industry is definitely exciting. But
staking fortunes on the most established names is hardly the best way
to get in on the ground floor of this (or any) opportunity.