Henry Groppe on Report on Business

Henry Groppe on Report on Business

am 11.03.2006 08:02:38 von Lubow

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It may be to your advantage to view the interview with Henry Groppe on =
Canadian Report on Business www.robtv.com. Click on past videos then =
click on Friday 3/10/06 at 12:30 PM.

Groppe has been a Texas oil man for the last 64 years. In a nutshell, =
Groppe has never been as bullish on the oil patch as he is now.

--=20
Lubow
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<DIV><FONT face=3DArial>It may be to your advantage to view the =
interview with=20
Henry Groppe on Canadian Report on Business <A=20
href=3D"">www.robtv.com</A>.&nbsp; Click on past =
videos then=20
click on Friday 3/10/06 at 12:30 PM.</FONT></DIV>
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<DIV><FONT face=3DArial>Groppe&nbsp;has been &nbsp;a Texas oil man for =
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he is now.</FONT></DIV>
<DIV><FONT face=3DArial><BR>-- <BR>Lubow</FONT></DIV></BODY></HTML>

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Re: Henry Groppe on Report on Business

am 11.03.2006 11:51:53 von the_sarp

Lubow wrote:
> It may be to your advantage to view the interview with Henry Groppe on Canadian Report on Business www.robtv.com. Click on past videos then click on Friday 3/10/06 at 12:30 PM.
>
> Groppe has been a Texas oil man for the last 64 years. In a nutshell, Groppe has never been as bullish on the oil patch as he is now.
>

my understanding is that as oil dries up, governments are becoming ever
more desperate.

Oil services companies, like halliburton, rather than oil companies
themselves, would seem to be the best play from now on.

the sarp

Re: Henry Groppe on Report on Business

am 11.03.2006 12:00:39 von ausound

"sarp" <> wrote in news:1142074313.516884.5940
@i39g2000cwa.googlegroups.com:

> my understanding is that as oil dries up,

russians don't think oil is drying up

click this:



read that:

Refutation of predictions of petroleum exhaustion.

Re: Henry Groppe on Report on Business

am 11.03.2006 17:26:20 von Don Tiberone

ausound <> wrote in message
news:
> "sarp" <> wrote in news:1142074313.516884.5940
> @i39g2000cwa.googlegroups.com:
>
> > my understanding is that as oil dries up,
>
> russians don't think oil is drying up
>
> click this:
>
>
>
> read that:
>
> Refutation of predictions of petroleum exhaustion.
>



The fact remains that the abiotic theory of petroleum genesis has zero
credibility for economically interesting accumulations. 99.9999% of the
world's liquid hydrocarbons are produced by maturation of organic matter
derived from organisms. To deny this means you have to come up with good
explanations for the following observations.

1) The almost universal association of petroleum with sedimentary rocks.

2) The close link between petroleum reservoirs and source rocks as shown by
biomarkers (the source rocks contain the same organic markers as the
petroleum, essentially chemically fingerprinting the two).

3) The consistent variation of biomarkers in petroleum in accordance with
the history of life on earth (biomarkers indicative of land plants are found
only in Devonian and younger rocks, that formed by marine plankton only in
Neoproterozoic and younger rocks, the oldest oils containing only biomarkers
of bacteria).

3) The close link between the biomarkers in source rock and depositional
environment (source rocks containing biomarkers of land plants are found
only in terrestrial and shallow marine sediments, those indicating marine
conditions only in marine sediments, those from hypersaline lakes containing
only bacterial biomarkers).

4) Progressive destruction of oil when heated to over 100 degrees
(precluding formation and/or migration at high temperatures as implied by
the abiogenic postulate).

5) The generation of petroleum from kerogen on heating in the laboratory
(complete with biomarkers), as suggested by the biogenic theory.

6) The strong enrichment in C12 of petroleum indicative of biological
fractionation (no inorganic process can cause anything like the
fractionation of light carbon that is seen in petroleum).

7) The location of petroleum reservoirs down the hydraulic gradient from the
source rocks in many cases (those which are not are in areas where there is
clear evidence of post migration tectonism).

8 ) The almost complete absence of significant petroleum occurrences in
igneous and metamorphic rocks (the rare exceptions discussed below).

The evidence usually cited in favour of abiogenic petroleum can all be
better explained by the biogenic hypothesis e.g.:

9) Rare traces of cooked pyrobitumens in igneous rocks (better explained by
reaction with organic rich country rocks, with which the pyrobitumens can
usually be tied).

10) Rare traces of cooked pyrobitumens in metamorphic rocks (better
explained by metamorphism of residual hydrocarbons in the protolith).

11) The very rare occurrence of small hydrocarbon accumulations in igneous
or metamorphic rocks (in every case these are adjacent to organic rich
sedimentary rocks to which the hydrocarbons can be tied via biomarkers).

12) The presence of undoubted mantle derived gases (such as He and some CO2)
in some natural gas (there is no reason why gas accumulations must be all
from one source, given that some petroleum fields are of mixed provenance it
is inevitable that some mantle gas contamination of biogenic hydrocarbons
will occur under some circumstances).

13) The presence of traces of hydrocarbons in deep wells in crystalline rock
(these can be formed by a range of processes, including metamorphic
synthesis by the fischer-tropsch reaction, or from residual organic matter
as in 10).

14) Traces of hydrocarbon gases in magma volatiles (in most cases magmas
ascend through sedimentary succession, any organic matter present will be
thermally cracked and some will be incorporated into the volatile phase,
some fischer-tropsch synthesis can also occur).

15) Traces of hydrocarbon gases at mid ocean ridges (such traces are not
surprising given that the upper mantle has been contaminated with biogenic
organic matter through several billion years of subduction, the answer to 14
may be applicable also).

The geological evidence is utterly against the abiogenic postulate.

Cheers

Jon Clarke



--
"Consider how hard it is to change yourself and you'll understand what
little
chance you have in trying to change others."

-- Jacob M. Braude

"The last duty of a central banker is to tell the public the truth."

- Alan Blinder, former Vice Chairman of the Federal Reserve