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Iran discovers gas field in Caspian Sea (estimated 50 TRILLION cubic feet of gas)
Yahoo ^ | 12/11/11

Posted on 12/12/2011 1:19:32 PM PST by Libloather

Iran discovers gas field in Caspian Sea
AP – Sun, Dec 11, 2011

TEHRAN, Iran (AP) — Iran's oil minister says the country has discovered a huge gas field containing an estimated 50 trillion cubic feet of gas in the Caspian Sea.

**SNIP**

Iran sits atop the world's second largest proven reserves of natural gas and is the second largest OPEC oil producer.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: agitprop; caspian; caspiansea; drill; energy; gas; iran; irannatgas; naturalgas; peakgas; peakoil; propaganda
And here we sit - with the rookie Hussein...
1 posted on 12/12/2011 1:19:38 PM PST by Libloather
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To: Libloather

This is good news for Hussein, and “justifies” his transfer of drone technology to his good muslim friends.


2 posted on 12/12/2011 1:22:38 PM PST by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: Libloather

Guess they won’t be needing that nuke plant—right?


3 posted on 12/12/2011 1:22:57 PM PST by SamuraiScot
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To: Libloather

At about $7/1000 cubic feet, not a bad haul.


4 posted on 12/12/2011 1:23:15 PM PST by mnehring
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To: Libloather

“Iran discovers gas field in Caspian Sea (estimated 50 TRILLION cubic feet of gas)”

Claims from unreliable sources don’t mean much.


5 posted on 12/12/2011 1:25:01 PM PST by Hacklehead (Democrats think "fairness" is taxing the rich until they have no more than anyone else.)
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To: Libloather

I question their numbers. Our moslem friends can be prone to exaggerate.


6 posted on 12/12/2011 1:28:02 PM PST by henkster
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To: mnehring

At least that government will let them go after it. Did they get that EIR filed with the UN


7 posted on 12/12/2011 1:28:09 PM PST by edcoil (It is not over until I win.)
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To: Libloather

The iranians are far worse than the Soviets on their propoganda.

Their claims to have found 50 Trillion cubic feet of gas are about as true as their claim to have reverse-engineered the US drone in 3 days, and that they will begin producing their own, even better version in the very near future.


8 posted on 12/12/2011 1:29:18 PM PST by PGR88
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To: Hacklehead

50 TRILLION cubic feet of gas


So as I calculate it that’s roughly 50 cubic miles. A pretty significant find. So how do the people who keep claiming we are past “Peak Oil” explaining this? Or is it Iran just exaggerating as usual?

Who knows, get back to me in 20 years we’ll know the truth, (Maybe), by then.


9 posted on 12/12/2011 1:33:25 PM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: Libloather

But they do not have the money nor the technology to exploit it.


10 posted on 12/12/2011 1:35:51 PM PST by AdmSmith (GCTGATATGTCTATGATTACTCAT)
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To: Libloather
estimated 50 trillion cubic feet of gas

To many people this sounds like a incredibly large amount of gas. In reality, it is about 5% of their current reserves. No doubt it is a great find, but another 5% doesn't really change anyone's game.

http://www.eia.gov/cfapps/ipdbproject/iedindex3.cfm?tid=3&pid=3&aid=6&cid=r5,&syid=2007&eyid=2011&unit=TCF

11 posted on 12/12/2011 1:38:48 PM PST by thackney (life is fragile, handle with prayer)
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To: Liz; AT7Saluki
estimated 50 TRILLION

And our national debt is what?

12 posted on 12/12/2011 1:41:15 PM PST by Libloather (The epitome of civility.)
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To: Libloather

They better not be fracking, or we’ll send the EPA over there.


13 posted on 12/12/2011 1:41:44 PM PST by crosshairs (Liberalism is to truth, what east is to west.)
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To: The Working Man
So as I calculate it that’s roughly 50 cubic miles.

I hope you do understand that it is under pressure and no where near that in actual field volume.

Also try your calcs again. It is 340 cubic miles.

http://www.onlineconversion.com/volume.htm

14 posted on 12/12/2011 1:42:45 PM PST by thackney (life is fragile, handle with prayer)
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To: Libloather

Achmeddinejad, your days are NUMBERED. This is too much potential wealth to be relegated to a third rate military power. Eventually THIS will induce the U.S. or Russia to attack Iran.

Iran would be a tougher nut to crack than Iraaq, but not as tough as Afghanistan.


15 posted on 12/12/2011 1:43:49 PM PST by ZULU (Anybody but Romney or Huntsman)
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To: Libloather

War over Caspian Sea coming soon. Im not kidding.


16 posted on 12/12/2011 1:44:47 PM PST by ph12321 (We must, indeed, all hang together, or assuredly we shall all hang separately - Benjamin Franklin)
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To: Libloather

Now I know what Russia is after.


17 posted on 12/12/2011 1:45:07 PM PST by mountainlion (I am voting for Sarah after getting screwed again by the DC Thugs.)
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To: henkster

“I question their numbers. Our moslem friends can be prone to exaggerate”.

...and prone to stupidity.


18 posted on 12/12/2011 1:45:21 PM PST by albie
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To: henkster

“I question their numbers. Our moslem friends can be prone to exaggerate”.

...and prone to stupidity.


19 posted on 12/12/2011 1:45:41 PM PST by albie
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To: Libloather

Is there any way we can “drink their milkshake”?


20 posted on 12/12/2011 1:47:18 PM PST by CarWashMan
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To: Libloather

Russia is on the Caspian and should claim this natural gas. Then hopefully they go to war with Iran


21 posted on 12/12/2011 1:47:40 PM PST by dennisw (A nation of sheep breeds a government of Democrat wolves!)
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To: Libloather

Well now, you don’t think we’re just going to let you keep all that oil and gas, do you? (To akmacrazyman in Dirty Harry voice)


22 posted on 12/12/2011 1:50:46 PM PST by paul51 (11 September 2001 - Never forget)
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To: thackney

That’s what I get for using Wikipedia for quick figures. :-)

Good work on the conversion. Still that’s an ENORMOUS volume. I’m finding it hard to believe that they are accurate.


23 posted on 12/12/2011 1:54:45 PM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: Libloather

They can now stop fretting about getting nuclear power up and running, right???


24 posted on 12/12/2011 1:55:28 PM PST by Nepeta
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To: The Working Man

It is 5% of their current reserves. It is a big field, but it isn’t going to change their game.


25 posted on 12/12/2011 1:56:10 PM PST by thackney (life is fragile, handle with prayer)
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To: Libloather

They can now stop fretting about getting nuclear power up and running, right???


26 posted on 12/12/2011 1:56:41 PM PST by Nepeta
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To: Libloather

Amazing how when the middle east is on the verge of a hot war over control of petroleum reserves and shipping routes, with Iran as the central instigator of the tensions, and then their minister of oil propaganda makes this statement of a vast gas reserve, that anyone would just accept this “news” as established fact. I doubt they’ll share their borehole logs and interpreted sonic sections with us to prove it. That saying about the truth being the first casualty isn’t just a saying.


27 posted on 12/12/2011 2:00:09 PM PST by SpaceBar
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To: Libloather

Iran lies or exaggerates often.


28 posted on 12/12/2011 2:02:39 PM PST by Anti-Bubba182
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To: henkster

YOU CALL ME LIAR?

I KEEL YOU!!!:-)


29 posted on 12/12/2011 2:02:42 PM PST by 101voodoo
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To: Libloather

I think there’s a big gas field under their nuclear weapons facility. Those natural gas leaks can be a real problem.


30 posted on 12/12/2011 2:02:51 PM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: henkster

“I question their numbers. Our moslem friends can be prone to exaggerate.”

Ya think?

Islam - when you want and need to lie for a living.


31 posted on 12/12/2011 2:10:35 PM PST by Da Coyote (Liberalism - when you absolutely, positively have no ability to produce wealth.)
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To: mnehring

The wholesale price is around than half that. It has been floating around $3.50 - $4 / 1,000 Cubic Feet. This should make it even less. LNG may be the future for at least the next century.


32 posted on 12/12/2011 2:11:35 PM PST by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: AdmSmith
But they do not have the money nor the technology to exploit it.

The will probably get some investors after they file their environmental impact statement.

33 posted on 12/12/2011 2:26:55 PM PST by frithguild (Restricting access to capital - Liberalism: The sharpest tool of big business.)
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To: Libloather

I’m sure the Iranian environmentalists will prevent it being exploited.


34 posted on 12/12/2011 2:29:52 PM PST by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: mnehring

Oh heck, they’ll probably just have to flare it.

Chesepeake wants to know where they can sell for $7 a 1000.


35 posted on 12/12/2011 2:31:18 PM PST by X-spurt
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