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(Irish Independent)   New oil find described as being like "a full-bodied claret" by CEO Patrick Tribett   (independent.ie) divider line 15
    More: Interesting, Irish, London Stock Exchange, barrel oil  
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1672 clicks; posted to Business » on 25 Jul 2012 at 8:13 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-25 08:31:00 AM  
Or a 53 day supply for the US alone! Let's celebrate!
 
2012-07-25 08:42:21 AM  
YEAH! I'm gonna buy that 9 MPG truck I've had my eye on...
 
2012-07-25 08:44:47 AM  
http://cdn.independent.ie/multimedia/dynamic/01081/providence_1081820t .jpg

Love the picture with the article
 
2012-07-25 08:56:13 AM  
Where are all those "Peak Oil" jackarses these days?
 
2012-07-25 09:18:03 AM  
The Malaysians catch monkeys with a trap, called a "Malaysian monkey trap". They put a banana in a sturdy jar with a narrow neck. The monkey puts its hand in to get the banana, the clenched fist plus banana is bigger than the hand going in, the monkey can't get its hand out again through the jar's narrow neck, as long as it holds on to the banana. The monkey could let go of the banana and scamper away to freedom. But the monkeys don't let go.
 
2012-07-25 09:18:49 AM  
1. Add a bacteria that converts the petroleum into carbohydrates.
2. Add a yeast that turns the carbohydrates into alcohol.
3. Pipe the resulting beer from offshore directly into the pubs!
 
2012-07-25 09:41:26 AM  
cdn.independent.ie

He's got a nice Bond Supervillain thing going on here.

"Good morning, gentlemen? As you can see, I have the Doomsday Specimen!"
 
2012-07-25 09:42:21 AM  
Peak oil my ass, this find could fuel the world for more than a fortnight!
 
2012-07-25 09:44:33 AM  
Ok, I'm not getting the Patrick Tribett connection. What does Fark's favorite huffer have to do with an Irish offshore oil discovery?
 
2012-07-25 10:30:58 AM  

McManus_brothers: Ok, I'm not getting the Patrick Tribett connection. What does Fark's favorite huffer have to do with an Irish offshore oil discovery?


Lulz, I guess you can't get it now. The quote doesn't seem to be in the article anymore.

Anyhoo,

http://www.irishexaminer.com/breakingnews/business/oil-announcement-b o osts-shares-560568.html

A different Irish paper, but not one owned by the Irish oil dude. It still has the full bodied claret quote.

/subby
//maybe oil dude found out about the Patrick Tribett reference
///he'll get over it
 
2012-07-25 11:42:32 AM  

jpo2269: Where are all those "Peak Oil" jackarses these days?


They probably all suffered aneurysms at their inability to adequately express how stupid the rest of you are.

FTA: Providence hiked its estimate of oil reserves at its flagship Barryroe project off the coast near Cork to as much as 1.6 billion barrels.

Let's say this oil went entirely to the United States for our own consumption. At our current rate of usage (19.15 million barrels of oil per day), it would last a grand total of about 83.5 days.

You were saying?
 
2012-07-25 12:07:46 PM  
We need to keep finding all these little strikes because the middle east is about to sound like a straw at the bottom of a milkshake.

We also need to stop burning oil as an energy source. It's of much better service to humanity as a feedstock and lubricant.
 
2012-07-25 12:32:08 PM  
www.nflpassers.com

What a full bodied Clarett might look like
 
2012-07-25 07:54:53 PM  

James F. Campbell: jpo2269: Where are all those "Peak Oil" jackarses these days?

They probably all suffered aneurysms at their inability to adequately express how stupid the rest of you are.

FTA: Providence hiked its estimate of oil reserves at its flagship Barryroe project off the coast near Cork to as much as 1.6 billion barrels.

Let's say this oil went entirely to the United States for our own consumption. At our current rate of usage (19.15 million barrels of oil per day), it would last a grand total of about 83.5 days.

You were saying?


Try 10.5 days...

"We have doubled our estimate of recoverable reserves to 200mmb (200 million barrels)..."

Or am I misunderstanding that statement?
 
2012-07-26 08:58:49 AM  

wildcardjack: We need to keep finding all these little strikes because the middle east is about to sound like a straw at the bottom of a milkshake.

We also need to stop burning oil as an energy source. It's of much better service to humanity as a feedstock and lubricant.


This...

There will always be a need for petroleum, as a basis for many nigh-indispensable chemicals and products. This dependency is much more fundamental and hard to displace than burning the stuff to get from place to place. Future generations may curse us for squandering such a vital resource in this manner.

My, if people actually cared what I think, solution

1) 2 dollar a gallon tax on gasoline and diesel:
Yep, it's going to hurt like hell, and force many changes to the way businesses operation, and change many people's lifestyle.. Tough.. And I say this as someone who is stuck commuting 50 miles each way to work 4 days a week for the next three months. If we really want to get people out of their SUVs, get people to commit to building (and using) more mass transit, get people to live closer to where they work, you have to hit them in the pocket book.

2) Continued natural gas exploration, yes including horizontal drilling operations. Perfect? Nope, but it can be done in a heavily regulated and controlled fashion. Risks can be mitigated, and problems can be dealt with far easier than deep water drilling operations. Is there an environmental impact? Sure, but it's orders of magnitude less than what is going on in the tar sands.

Yes, same issues as liquids, the resource is finite, and comes at a cost to society, but the magnitude of the problem is less, we'll need this resource while we reboot our energy infrastructure..

David Letterman, I loves ya, but you might want to think about where the freedom-juice that powers the commute from Connecticut comes from, and what impact it has on the environment before you go off on another hysterical tirade. Pennsylvania has been "ruined"? Huh, I'd rather live in the Marcellus than downwind of a tar sands operation, or on an oil soaked beach, or near a filthy Nigerian drilling operation, or near the oil fields in Baku..

3) Nuclear power: what hasn't been said about this, like I'll actually convince anyone, sigh.. Again, perfect? Nope, but with every issue that it brings (and yes there are several) has to be weighed against the fact that using it (along with a few natural gas plants here and there) to its fullest potential means not having to burn a single pebble of coal. Although we should continue to aggressively pursue alternative energy, the ability for solar and wind to eliminate the need for base-load power generation is simply not a reality..
 
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