EAB—Take home message: “normal” sized oil field discoveries are of no importance, our oilconomy requires the discovery of new GIANT conventional oil fields which by their definition, by their size, are the easiest to discover seismically but…
THERE ARE NO MORE CONVENTIONAL GIANT OILFIELDS TO BE FOUND in any accessible locations and anybody who disputes this, such as the “drill baby drill” MAGAs, are simply dumb, baby, dumb. I will later explain the drilling paradox, which HAS PROVEN IN REAL LIFE that no amount of money thrown at any drilling frenzy will EVER tap any sizable economically extractable oil ANYWHERE.
Note that current global oil consumption is reported as 100 million barrels per day. That means if a brand new giant oilfield with 500 million barrels of economically extractable oil is found, it will last the world just five days!

