[Gasification] Demonstration and Training Unit
sam at bristolwireless.net
sam at bristolwireless.net
Sat Apr 5 19:52:12 CDT 2014
>> INSTEAD, Hydraulic FRACKING has emerged to increase supplies of
>> oil. and gas.
Realists are not so sure, noting that not only is fracked oil very
expensive, requiring circa $80 a barrel to cover the costs of
extraction, but that production from fracked oil wells drops off
quickly so that new wells have to be drilled constantly to maintain
production. Until recently information about just how fast our fracked
oil wells were depleting was rather hard to come by, so that the hype
about the US becoming energy independent and a major oil exporter
became conventional wisdom for most.
Last week the US’s Energy Information Administration issued the first
in a new series entitled Drilling Productivity Report for key tight
oil and shale gas regions. This report analyzes the six onshore oil
and gas regions in the U.S. where 90 percent of the growth in oil
production and nearly all of the growth in natural gas production has
taken place in the last few years. The report tallies the number of
drilling rigs at work in these six regions; the amount of new oil and
gas they are bringing into production each month; and most
importantly, the rate at which production from those wells already in
production is falling
Full report: http://www.postcarbon.org/reports/DBD-report-FINAL.pdf
Previous extraction relied on drilling a vertical hole
>> into a horizontal oil strata, and collecting as much oil as could
>> flow naturally to the center.
>> FRACKING depends on horizontal drilling at the bottom of old wells,
>> followed by pressurized injection of materials that prop up the
>> oil bearing strata, allowing old oil to flow freely to the old
>> wells and new wells. This technology could more than double the
>> age of oil.
>> Gasification can't compete for the foreseeable future. The world
>> will be bathed in cheap oil and gas for the next century! I give
>> up on gasification.
>> WoodGas stoves are still a possible option in deepest Africa. Dean
>> Still is taking care of that!
>> Tom Reed
> Hi Tom,
> This makes assumptions about a relatively smooth linear progress of
> our current global economy and its supporting infrastructure. If
> this is the case you are probably right, and if you are working in
> this field for financial returns, they are unlikely to be found in
> other than in nitche markets.
> However, there are several reason to think these assumptions are unlikely.
> The global infrastructure has become so complex and interdependent
> that a variety of failures, natural or orchestrated, could cause
> cascading catastrophic failures that could take a long time to
> repair. The probability of this increases as complexity and
> interdependence of infrasttructure elements increases.
> The economic problems in the developed world are unlikely to find
> smooth solutions. There doesn't seem to be the willpower to
> implement long term solutions that are painful in the short run.
> Either of these problems could result in wars or simply damage to
> the infrasturcture that disrupts the delivery of energy locally. The
> localities may include much of the world.
> In either of these cases local energy solutions may be very needed.
> Concerns for the welfare of your children and grandchildren could be
> an adequate motivation for working in this field if you can without
> expecting large financial returns.
>> On Thursday, April 3, 2014, Steven Barber (RIT Student)
>> <stb4703 at rit.edu <mailto:stb4703 at rit.edu>> wrote:
>> Hi Tom,
>> I've been doing some research on the price of commodities for
>> several years now. Since global producers of oil can quickly ramp
>> up (or down) production to meet any level of current demand, we
>> can essentially take out supply and demand out of the equation
>> (except for the very short term refinery explosion, Nigerian coup,
>> etc.). Since oil is priced in dollars, the relative value of the
>> dollar itself determines the price of oil. More value, less
>> dollars needed to buy, less value, more dollars needed to buy. For
>> stable oil prices, we simply need a steady or slightly increasing
>> value of the dollar.
>> On Wed, Apr 2, 2014 at 9:41 PM, thomas reed
>> <tombreed2009 at gmail.com
>> Long term, I believe that FRACKING will make oil prices
>> stable, so don't count on oil increasing in price.
>> Tom Reed
>> -- Steven T. Barber
>> MS Finance '12
>> PhD Sustainability Student
>> Golisano Institute for Sustainability
>> Rochester Institute of Technology (RIT)
>> 585-582-1574 - Office
>> 585-370-8598 - Cell
>> NOTE: PLEASE CHANGE MY ADDRESS TO TOMBREED2010 at GMAIL.COM
>> <mailto:TOMBREED2010 at GMAIL.COM>
>> Dr. Thomas B. Reed
>> The Biomass Energy Foundation
>> BEF, BEC, BER
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