by steam_cannon » Wed 29 Aug 2007, 21:31:44
$this->bbcode_second_pass_quote('mkwin', 'I')ronically, the production flow rates from this method could be too fast. The firewall forces the oil out in a small amount of time. If this was implemented on a massive scale, it could crash the oil market and destroy the alternative fuel market - that is my major concern.
Very good point! I agree, like in the 1970's if oil prices crash again renewable technologies will take a big hit. But there is also the possibility that the danger of global warming will influence banks and other large interest groups to soften this blow. And if this technology only slowed the production slide, it could still offer the opportunity for a smoother transition to renewables.
Also the articles about their technology really is just a great read! So far the test wells seem to be working above expectations and their studies suggest this method could be used to extract improved quality petroleum from dead oil fields. It is absolutely incredible and perhaps could alter the timing of peak oil. The question is really will this technology succeed in other fields, will it be implemented on large scale and what's the EROEI look like. The EROEI might not be that bad though since few pumps are not needed and like combustion in a jet engine this should be a fairly efficient way to repressurize a reservoir.
If it looks very interesting and if it gets implemented quickly, this could change a lot of things. What ever happens, it's a very good article and definitely something to keep an eye on!