Brian Pursley

Profit from the Peak: An Enjoyable Read About Our Energy Problems

Ernie Montague: The large deposits are all over the world. If you really want to know you can visit the EIA and IEA websites. Tupi = 8 billion barrels. Carioca/Sugar Loaf = 33 billion barrels (the third largest oil field in world history after Ghawar and Burgan). And oil is BLATANTLY NOT located in the same sandstone formations from the same periods. Oil is found in volcanic igneous rocks and across sediments from all strata from Archaean to Quaternary. Oil can only be formed at pressures above 30 kilobar which corresponds to a depth 100 kilometers deep in the earth's mantle. The latest enhanced-Enterprise class drillships from Transocean will drill in 12,000 feet of water and 40,000 feet below the mudline.