[mcgowanjm]

$this->bbcode_second_pass_quote('', '
')What none of the boosters want to talk about is the reality of shale gas. It is true that there is most likely a lot of shale gas around, especially in the United States, but after this, the story goes down a rabbit hole. Shale gas is not like the conventional gas finds that gave the US vast supplies of cheap methane. Shale gas is locked in until the rocks holding it are fractured in a process known as hydro-fracing. This requires a lot of work, a lot of wells, a lot of water (2 - 5 million gallons per well), and some rather unpleasant chemicals. Having made all this effort, the production decline rates look like the cliffs at Beachy Head. Within two years production has typcally dropped by 80%.

[mcgowanjm]

the Bad News:

$this->bbcode_second_pass_quote('', 'h')ttp://www.warsocialism.com/Murphy.html

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('', '
')What none of the boosters want to talk about is the reality of shale gas. It is true that there is most likely a lot of shale gas around, especially in the United States, but after this, the story goes down a rabbit hole. Shale gas is not like the conventional gas finds that gave the US vast supplies of cheap methane. Shale gas is locked in until the rocks holding it are fractured in a process known as hydro-fracing. This requires a lot of work, a lot of wells, a lot of water (2 - 5 million gallons per well), and some rather unpleasant chemicals. Having made all this effort, the production decline rates look like the cliffs at Beachy Head. Within two years production has typcally dropped by 80%.

[mcgowanjm]

$this->bbcode_second_pass_quote('', '
')What none of the boosters want to talk about is the reality of shale gas. It is true that there is most likely a lot of shale gas around, especially in the United States, but after this, the story goes down a rabbit hole. Shale gas is not like the conventional gas finds that gave the US vast supplies of cheap methane. Shale gas is locked in until the rocks holding it are fractured in a process known as hydro-fracing. This requires a lot of work, a lot of wells, a lot of water (2 - 5 million gallons per well), and some rather unpleasant chemicals. Having made all this effort, the production decline rates look like the cliffs at Beachy Head. Within two years production has typcally dropped by 80%.

[mcgowanjm]

$this->bbcode_second_pass_quote('', '
')Holditch in 2001 had it figured out, people who ignore the actual experts do so at their own risk.

[mcgowanjm]

And just one more BTW on Holditch and your BAU:

The US Banking System, needed to finance your brave new
world of NatGas:

$this->bbcode_second_pass_quote('', '&')quot;Mark to Myth" is not just a myth, it is a willful and intentional lie.

Again I ask:

What is the actual value of assets in our nation's banks - including the really big ones like Bank of America, Citibank, JP Morgan and Wells Fargo?

How can anyone possibly believe, given the overwhelming history of the last two years in this crisis, that the nation's banks are claiming and carrying their assets at anything close to their actual value when we continue to see, week after week, losses to the deposit insurance fund proving that close to half of the claimed "asset value" in these seized banks is a pure, unadulterated fiction?

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '')$this->bbcode_second_pass_quote('', '
')Holditch in 2001 had it figured out, people who ignore the actual experts do so at their own risk.

http://www.spegcs.org/attachments/study ... ch2001.pdf

[shortonsense]

$this->bbcode_second_pass_quote('mcgowanjm', '
')To RECAP: The World Economy has contracted by 20% (RR
Loadings, BDI, Concrete Used) in the last 2 years, while the "assets" of Banks have declined by 40% on avg(FDIC on
% of loans on Failed Banks it has to eat).

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', 'a')re such a nasty little carnivore, shorty.

But you really should respond to the point: where does one get 2 - 5 million gallons per well to fract the stuff?

$this->bbcode_second_pass_quote('pstarr', 'B')ut you really should respond to the point: where does one get 2 - 5 million gallons per well to fract the stuff?

[copious.abundance]

$this->bbcode_second_pass_quote('OilFinder2', '$')100 says US natural gas marketed production in 2012 will exceed 2008 production. That will be 5-8 years since these shale plays "took off." Put your money where your mouth is.

$this->bbcode_second_pass_quote('pstarr', 'B')ut you really should respond to the point: where does one get 2 - 5 million gallons per well to fract the stuff?

[shortonsense]

On the topic of insidious information censorship, I have a question.

For many within the peaker movement, blasting the MSM for their inability to present issues which peakers consider dear to their hearts has often been used as a strike against them in a major way, usually accompanied by the word "sheeple" somewhere in the same sentence.

So I check the "Breaking News sections of two of the more chicken littlish sites and discover Business Week, The Wall Street Journal, USA Today, Washington Post , Yahoo News, The Financial Times, and like this seeking alpha blog, 3 times.

So....now we use MSM sources because they are suddenly trustworthy? Or because Breaking News sections aren't what they used to be?

For reference, I read the articles linked to the front page of PO.com every day, in part because they cover the gamut of news, aren't all Doomer centric, some are technically intriguing, and don't appear to specialize in bloggers who wouldn't know a hole drilled in the ground from one drilled in their head.

[shortonsense]

More discovery graph censorship.

This week Gail at TOD did another little Peak Oil for the newbies routine.

http://www.theoildrum.com/node/5969#more

It contains a different discovery profile, which appears to try even harder than the last one to pretend that discoveries are the same sort of bell shaped curve as some occasional production profiles.

http://www.theoildrum.com/files/Oil%20discoveries.png

The caption for this figure is:

"Historical discoveries of liquid oil, with reserve revisions backdated to initial discovery, based on work of Colin Campbell for ASPO."

Notice the 1930's. The largest accumulation in the world, liquid oil, discovered in 1935 is completely missing. And it looks like Ghawar was the ONLY thing discovered in the 1930's, the bar being about the right size for ONLY that field.

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('pstarr', 'B')ut you really should respond to the point: where does one get 2 - 5 million gallons per well to fract the stuff?

[shortonsense]

$this->bbcode_second_pass_quote('pstarr', 'W')ho in the "peaker movement" blasted MSM? We need specific examples.