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1994 Proposal to Build Submarine Drilling Rigs (last revised 1999) PROPOSAL TO TAP 1.3 Trillion Barrels of Oil Under the Ocean Floor
Undeveloped petroleum reserves under the ocean floor could quadruple world reserves and give us a 250 year supply of oil on this planet.Read the PROPOSAL to utilize existing technology already paid for, but now with limited use, to build submarine drilling rigs to develop the deep sea oil reserves. More than half the world is over two miles deep. Nearly three quarters of the earth is ocean. One quarter of the ocean is continental margin. Most exploration of offshore oil is in the 40% of the margin known as the continental shelf, less than 1/8 of the total ocean, where worldwide, most of the new oil and gas discoveries are being made. In the deep trenches, sea floor spreading at the rate of 3 centimeters per year has caused organic sediment to be scraped off the sea floor and piled up inside of the trench since palaios time, creating oil bearing strata thousands of feet thick. (last revised 1999) drehergeo@aol.com
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