[Physics] Are scientists missing the point with distant cosmic objects, or is it just me

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I was reading this article this morning:

http://www.bbc.co.uk/news/science-environment-13539914

Scientists have discovered a gamma-ray burst whose light has taken 13.14 billion years to reach Earth. This much is cool and interesting. However, the assumption is then stated that this is "the most distant single object yet spied by a telescope".

But hold on a minute. It is also known that galaxies are moving away from each other at incredible speeds, most faster than the speed of light, because the space/time between them is expanding (or something like that… I'm no scientist!)

So these so-called amazingly distant objects, well for starters, they don't exist any more… They are things that happened billions of years ago. But not only that, they are probably objects that were only a few million light years away from us when they actually took place. So surely then, the objects themselves aren't the most distant ones, but the light from them has been distorted such that the light has taken that long to reach us?

Furthermore, if the galaxies are spreading out faster than the speed of light, who is to say this explosion actually happened 13.1 billion years ago? Isn't it possible that the light was created say 5 billion years ago, but has taken much longer to reach us because of the expanding space between the galaxies?

I'm sure this stuff has already been considered by scientists, but I find it weird the way news articles always assume that just because light travels at a specific speed, that it's always going to take the same amount of time to reach us.

Or am I getting it wrong? I'd love to know!

EDIT: For people discussing the whole faster-than-light-speed thing, I came across this article:

As you look at galaxies further and further away, they appear to be moving faster and faster away from us. And it is possible that they could eventually appear to be moving away from us faster than light. At that point, light leaving the distant galaxy would never reach us.
When that happens, the distant galaxy would just fade away as the last of the photons reached Earth, and then we would never know it was ever there.

And this one:

That mysterious dark energy force, which is accelerating the expansion of the Universe is making the most distant galaxies move faster and faster away from us. Eventually, they will cross an event horizon and appear to be moving away from us faster than the speed of light. At this point, any light emitted by the galaxy will cease to reach us. Any galaxy that crosses this horizon will fade away from view, until its last photon reaches us. All galaxies will disappear from view forever.

Best Answer

Of course the expansion of space is being considered by astronomers. In fact, it's pretty much the only thing they are considering. The redshift due to expansion of space is the way that astronomers know that it came from 13.14 billion years ago. What you do is look at the lightwaves very carefully. They will be stretched out (which looks like redshifting) due to the expansion of the universe. The longer they have been flying along, the more stretched out/redshifted they will be. The group cited in the article measured a redshift (a measure of this stretching) of 9.4, which is the largest we've ever observed; we conclude that this light has been traveling longer than any other light we've observed from a single source (the cosmic background radiation is way more redshifted).

A number of very clever methods allow us to identify just how long the light must have been traveling for it to received a particular amounts of redshift. This is an application of the relation known as Hubble's Law. If you use it, you find that light with a redshift of 9.4 has been traveling for about 13.14 billion years.

This method is used so routinely that you'll hear cosmologists talk about time in terms of redshift, like "Ionization occurred at redshift 17" rather than "Ionization occured 13.5 billion years ago" (those numbers are made up).

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