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Business/Finance
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Title: Algeria announces major oil discovery
Source: [None]
URL Source: [None]
Published: Oct 27, 2013
Author: staff
Post Date: 2013-10-27 03:23:28 by Tatarewicz
Keywords: None
Views: 164
Comments: 12

ALGIERS, Algeria (AP) – Algeria’s energy minister says a new oil field containing an estimated 1.3 billion barrels has been discovered.

Youcef Yousfi told the state news agency Saturday that the discovery near the large oil fields in the southern region of Hassi Messaoud is one of the most important in the last 20 years.

Repsol: North Africa is world’s next big shale prospect

He added the state oil company, Sonatrach, will rely on unconventional techniques to extract 50 percent of the reserves, including hydraulic fracturing, also known as fracking.

The field will be exploited in the next three to four years following the necessary studies, the report added.

Algeria, an energy giant in Africa that already is one of the largest natural gas suppliers to Europe, had been concerned about declining oil reserves.

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#1. To: Tatarewicz (#0)

Algeria’s energy minister says a new oil field containing an estimated 1.3 billion barrels has been discovered.

Algeria, an energy giant in Africa that already is one of the largest natural gas suppliers to Europe, had been concerned about declining oil reserves.

I knew an old boy back in Chicago. He was in WW II. He was also a Master Plumber. He built many of those buildings along Lake Shore Drive and Sheridan Road. He had a 30-man gang working for him at one time.

He told me there is enough oil in the world to drown the entire human race. I believe him if only for the fact that we keep discovering oil in all of these places. Even if it is oil that is locked up in shale.

I was a rockhound when I was a kid. We used to go to this quarry in Rennselaer, Indiana to collect Pyrite and Marcasite. Both were Iron Sulfides, FeS2. The Macasite was unstable and would degrade, but the Pyrite was wonderfully beautiful. It was an oily, gooey place. The bedrock was the same kind of shale that they are now fracking in North Dakota.;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   18:09:43 ET  Reply   Trace   Private Reply  


#2. To: BTP Holdings (#1)

Oil might be biotic, i.e. renews it. There can't be enough plants in prehistory to produce this much oil, coat, etc.

"Have Brain, Will Travel

Turtle  posted on  2013-10-27   18:29:32 ET  Reply   Trace   Private Reply  


#3. To: Turtle (#2)

Oil might be biotic, i.e. renews it. There can't be enough plants in prehistory to produce this much oil, coat, etc.

Oil is abiotic. It does NOT come from living organisms. It IS a renewable resource, NOT a fossil fuel. It is created by the Earth itself. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   18:37:41 ET  Reply   Trace   Private Reply  


#4. To: BTP Holdings (#3)

Oil is abiotic. It does NOT come from living organisms. It IS a renewable resource, NOT a fossil fuel. It is created by the Earth itself. ;)

What?????

You telling me oil aint dead dinosaurs?????

In Skool they said it was from dinos and plants long ago.

I wonder if there is anything else I was taught that is untrue???

Cynicom  posted on  2013-10-27   18:57:15 ET  Reply   Trace   Private Reply  


#5. To: Tatarewicz, All, Obama's Eternal War (#0)

Algeria’s energy minister says a new oil field containing an estimated 1.3 billion barrels has been discovered.

In other news - NSA claims to have uncovered a terrorist plot originating in Algeria.....drones are on the way as is funding to "Al-Quaeda rebels" who want to overthrow the government....

“With the exception of Whites, the rule among the peoples of the world, whether residing in their homelands or settled in Western democracies, is ethnocentrism and moral particularism: they stick together and good means what is good for their ethnic group."
-Alex Kurtagic

X-15  posted on  2013-10-27   19:18:41 ET  Reply   Trace   Private Reply  


#6. To: Cynicom (#4)

In Skool they said it was from dinos and plants long ago.

I wonder if there is anything else I was taught that is untrue???

I know you are up there in years, Cyni, but were you inculcated with that nonsense that Hitler murdered six million Joos?

I know it sounds hard to believe, but those people died from Typhus. Typhus was carried by fleas. Germany asked the U.S. to sell them DDT to kill the fleas that carried the Typhus. The U.S. refused, so they did the best they could with what they had. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   19:24:30 ET  Reply   Trace   Private Reply  


#7. To: X-15 (#5)

In other news - NSA claims to have uncovered a terrorist plot originating in Algeria.....drones are on the way as is funding to "Al-Quaeda rebels" who want to overthrow the government....

Another one? Oh, well..... ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   19:25:37 ET  Reply   Trace   Private Reply  


#8. To: BTP Holdings (#7)

In other news - NSA claims to have uncovered a terrorist plot originating in Algeria.....drones are on the way as is funding to "Al-Quaeda rebels" who want to overthrow the government....

Another one? Oh, well..... ;)

Call up the guard and activate the drones !

Voting in FEDERAL ELECTIONS is tantamount to the slaves admitting that they love picking cotton as a hobby !

Doug

noone222  posted on  2013-10-27   19:47:27 ET  Reply   Trace   Private Reply  


#9. To: noone222 (#8)

Call up the guard

I had some guy call me and tell me I was in the National Guard. I told him, "Nope." Then, he said, "Well, then, you worked for the National Guard." I said, "Not at all. Where are you getting your information? ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   20:01:45 ET  Reply   Trace   Private Reply  


#10. To: BTP Holdings (#9)

Where are you getting your information? ;)

Well, BTP Holdings is a very common name.

Voting in FEDERAL ELECTIONS is tantamount to the slaves admitting that they love picking cotton as a hobby !

Doug

noone222  posted on  2013-10-27   20:12:05 ET  Reply   Trace   Private Reply  


#11. To: noone222 (#10)

Well, BTP Holdings is a very common name.

He called me on the home phone. That is listed under my real name. He was fishing. That is all I can think of. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2013-10-27   20:14:07 ET  Reply   Trace   Private Reply  


#12. To: BTP Holdings (#6)

The 1940s was the beginning of the end for public schools.

Schools were owned and paid for by each small community or city division.

There was NO Federal involvement, very little State involvement.

Then along came the brainwashing and programming of the 1950s.

Bigger was better, throw more money at education and everyone will be smarter.

Total loss.

Now we have factories not schools, turning out kids that are suited for nothing.

Cynicom  posted on  2013-10-27   21:29:22 ET  Reply   Trace   Private Reply  


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