Mmarrkk

Mexican Cantarell Oil Field in Decline: Prelude to a Larger Crash?

Brian: do you seriously believe there is a "lake of oil" anywhere in the world, save the few areas where misguided countries allow oil to be pooled on the ground??

Oil and natural gas do not reside in "lakes" or "pools" or anything of the sort. They sit in the pores and fractures of rocks. Take a nice chunk of sandstone, pour a couple of drops of water on it and watch it soak up the water. Then, try and get the water out! That's where a large portion of the oil and gas in the world sits. Now take that rock and bury it 10,000 to 15,000 feet below the ground!! The other portions sits in fractures and cracks no bigger than a hair.

So don't think that the oil is just sitting there and you put a straw in it and out it comes. Its a bit more complicated (and much more expensive) than that!