• 1,150 days Will The ECB Continue To Hike Rates?
  • 1,150 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,152 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,552 days Could Crypto Overtake Traditional Investment?
  • 1,556 days Americans Still Quitting Jobs At Record Pace
  • 1,558 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,561 days Is The Dollar Too Strong?
  • 1,562 days Big Tech Disappoints Investors on Earnings Calls
  • 1,563 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,564 days China Is Quietly Trying To Distance Itself From Russia
  • 1,565 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,569 days Crypto Investors Won Big In 2021
  • 1,569 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,570 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,572 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,572 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,576 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,576 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,577 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,579 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Addendum: The Oil That Greases The Squeaky Wheel of Peak Oil

The Oil That Greases The Squeaky Wheel of Peak Oil

Having received a couple of e-mails from folks claiming to know much more than myself about geology [which, by the way - is not hard to do] claiming that "it's all about sedimentary basins" and I'm simply not up to speed. I found this so comical, I would now like to share this with all you good folks. The passage below was from a reader who responded claiming to be a Ph.D. geologist:

"Sorry, but this is nonsense. There are very special geologic circumstances, large sedimentary basins in particular, that are conducive to large oil accumulations, and those simply don't occur to any great degree in the southern hemisphere. There's some possibility of oil on the broad South American continental shelf, of which the Falkland Islands are a high point. (The Argentines didn't want the Malvinas back because they wanted to herd sheep!) Other than that, though, there are few promising areas. That's just geology, and dark hints about Agendas by The Powers That Be simply demonstrate gross ignorance of both basic geologic data and of the geology of oil."

So, I would now like to present to the geologists and laypeople alike in the crowd - a map of the world's sedimentary basins:

World map of sedimentary basins

Most of the world's sedimentary basins have been identified. Onshore basins are shown in green; offshore basins are lavender. The brown contour represents 1000-m [3300-ft] water depth.

 

Back to homepage

Leave a comment

Leave a comment