Tagged with "Mexico"
Largest known dinosaur graveyard discovered in Mexico Tags: Animals Germany Mexico Science

Largest known dinosaur graveyard discovered in Mexico

RT September 30, 2014 ShortURL


Children watch a life-sized Tyrannosaurus Rex dinosaur model (Reuters / Heinz-Peter Bader)

German and Mexican scientists have discovered world’s largest concentration of dinosaur remains in Mexico’s Chihuahuan Desert, Der Spiegel reports. Palaeontologists found the remains of 14 dinosaurs on a plot size of 50 to 200 meters.

READ MORE: ‘Biggest land animal’ ever? Huge 60-ton dino’s bones unearthed in Argentina

Skeletons of 15 other animals were also discovered within a few kilometers of the spot – including crocodiles, turtles and early mammals.

“There is a huge delta here with several rivers flowing into the Gulf of Mexico,” palaeontologist Eberhard Frey from the natural history Museum in Karlsruhe, Germany, said. “There was a very active ecosystem. We have not only found dinosaur bones, but also four different species of turtles, remains of very small crocodiles and teeth of early mammals.”

This is the first site of its kind in terms of density of discovered remains. “I know of no other place that has so many dinosaurs in such a small area,” Professor Wolfgang Stinnesbeck of the University of Heidelberg said.

 

Chihuahua Desert near Sierra Blanca, Texas. (image from wikipedia.org by Ricraider)

Chihuahua Desert near Sierra Blanca, Texas. (image from wikipedia.org by Ricraider)

Scientists have also found deep footprints left by carnivorous dinosaurs near the excavation area. This has led to the conclusion that giant Theropodas – which include the famous Tyrannosaurus rex – walked though this area.

“This week we have found three teeth of Theropods,” Frey said. “These are diagnostic features that allow us to determine the species more precisely.”

Scientists will continue their work at the site next year as well, while trying to expand the excavation area and examine the remains closer at the laboratory.

This is the second grand dinosaur-related discovery in September. In the beginning of the month, scientists excavated the remains of possibly the largest known creature that ever walked this Earth – a 26-meter long, 60-ton dinosaur dubbed Dreadnoughtus Schrani.

READ MORE: Dinosaurs' colossal bad luck: How they died and we survived

Meanwhile, the topic of dinosaur extinction continues to be debated in the scientific community. One of the latest studies released this past summer suggests that if the asteroid that killed the dinosaurs had hit a couple of million years earlier or later, they might have survived and humans might never have existed. The assumption is that dinosaurs were particularly vulnerable at the time of the impact.

 

Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico Tags: China Crude

Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico

Zero Hedge ShortURL


In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia's coffers by hundreds of billions if not more, when a vast pool of crude was discovered in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas, arguably bigger than the Gulf Of Mexico. The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today.

The oil production platform at the Sakhalin-I field in Russia,
partly owned by ONGC Videsh Ltd., Rosneft Oil Co., Exxon Mobil
Corp. and Japan's Sakhalin Oil and Gas Development Co. on June 9, 2009.

Well, one person who may have been as happy as Putin is the CEO of Exxon Mobil, since the well was discovered with the help of America's biggest energy company (and second largest by market cap after AAPL). Then again, maybe not: as Bloomberg explains "the well was drilled before the Oct. 10 deadline Exxon was granted by the U.S. government under sanctions barring American companies from working in Russia’s Arctic offshore. Rosneft and Exxon won’t be able to do more drilling, putting the exploration and development of the area on hold despite the find announced today."

Which means instead of generating billions in E&P revenue, XOM could end up with, well, nothing. And that would be quite a shock to the US company because the unveiled Arctic field may hold about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

For a sense of how big the spoils are we go to another piece by Bloomberg, which tells us that "Universitetskaya, the geological structure being drilled, is the size of the city of Moscow and large enough to contain more than 9 billion barrels, a trove worth more than $900 billion at today’s prices."

The only way to reach the prospect is a four-day voyage from Murmansk, the largest city north of the Arctic circle. Everything will have to shipped in — workers, supplies, equipment — for a few months of drilling, then evacuated before winter renders the sea icebound. Even in the short Arctic summer, a flotilla is needed to keep drifting ice from the rig.

Sadly, said bonanza may be non-recourse to Exxon after Obama made it quite clear that all western companies will have to wind down operations in Russia or else feel the wrath of the DOJ against sanctions breakers. Which leaves XOM two options: ignore Obama's orders (something which many have been doing of late), or throw in the towel on what may be the largest oil discovery in years. 

And while the Exxon C-suite contemplates its choices, here is some more on today's finding from Bloomberg:

 
 

“It exceeded our expectations,” Sechin said in an interview. This discovery is of “exceptional significance in showing the presence of hydrocarbons in the Arctic.”

 

The development of Arctic oil reserves, an undertaking that will cost hundreds of billions of dollars and take decades, is one of Putin’s grandest ambitions. As Russia’s existing fields in Siberia run dry, the country needs to develop new reserves as it vies with the U.S. to be the world’s largest oil and gas producer.

 

Output from the Kara Sea field could begin within five to seven years, Sechin said, adding the field discovered today would be named “Victory.”

Duh.

 
 

The Kara Sea well -- the most expensive in Russian history -- targeted a subsea structure named Universitetskaya and its success has been seen as pivotal to that strategy. The start of drilling, which reached a depth of more than 2,000 meters (6,500 feet), was marked with a ceremony involving Putin and Sechin.

 

The importance of Arctic drilling was one reason that offshore oil exploration was included in the most recent round of U.S. sanctions. Exxon and Rosneft have a venture to explore millions of acres of the Arctic Ocean.

But what's worse for Exxon is that now that the hard work is done, Rosneft may not need its Western partner much longer:

 
 

“Once the well is plugged, there will be a lot of work to do in interpreting the results and this is probably something that Rosneft can do,” Julian Lee, an oil strategist at Bloomberg First Word in London, said before today’s announcement. “Both parties are probably hoping that by the time they are ready to start the next well the sanctions will have been lifted.”

And here is why there is nothing Exxon would like more than to put all the western sanctions against Moscow in the rearview mirror: "The stakes are high for Exxon, whose $408 billion market valuation makes it the world’s largest energy producer. Russia represents the second-biggest exploration prospect worldwide. The Irving, Texas-based company holds drilling rights across 11.4 million acres in Russia, only eclipsed by its 15.1 million U.S. acres."

Proving just how major this finding is, and how it may have tipped the balance of power that much more in Russia's favor is the emergence of paid experts, desperate to talk down the relevance of the Russian discovery:

 
 

More drilling and geological analysis will be needed before a reliable estimate can be tallied for the size of the oil resources in the Universitetskaya area and the Russian Arctic as a whole, said Frances Hudson, a global thematic strategist who helps manage $305 billion at Standard Life Investments Ltd. in Edinburgh. Sanctions forbidding U.S. and European cooperation with Russian entities mean that country’s nascent Arctic exploration will be stillborn because Rosneft and its state-controlled sister companies don’t know how to drill in cold offshore conditions alone, she said.

 

“Extrapolating from a small data sample is perhaps not going to give you the best information,” Hudson said in a telephone interview. “And because of sanctions, it looks like there’s going to be less exploration rather than more.” In addition, the expense and difficulty of operating in such a remote part of the world, where hazards include icebergs and sub-zero temperatures, mean that the developing discoveries may not be economic at today’s oil prices.

Maybe. Then again perhaps the experts' time is better suited to estimating just how much longer the US shale miracle has left before the US is once again at the mercy of offshore sellers of crude.

In any event one country is sure to have a big smile on its face: China, since today's finding simply means that as Russia has to ultimately sell the final product to someone, that someone will almost certainly be the Middle Kingdom, which if the "Holy Gas Grail" deal is any indication, will be done at whatever terms Beijing chooses.

 

7.2 Earthquake strikes Mexico Tags: Earthquake Mexico

https://www.youtube.com/watch?v=K2zmvT29qBI

Published on 18 Apr 2014 by CNNInternational

According to the USGS, the quake measured 7.5 magnitude and was centered north of Acapulco.

 

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