$this->bbcode_second_pass_quote('shortonsense', '')$this->bbcode_second_pass_quote('Tanada', '
')Do a web search on the term Project Gasbuggy to read about the USA version setting off small devices at depth in tight gas sands in I believe New Mexico.
PeakOil is You
Uses and Costs of Substituting Natural Gas
Re: US Has Almost 100-Year Supply of Natural Gas
by Tanada » Fri 03 Jul 2009, 22:57:39
Sounds like a wonderful way to create radioactive natural gas.
It did do that, however if you used it in a power plant far from population centers the exposure would be very very low. Americans however are terrified by the word radiation and will not accept any level of increase over background.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: US Has Almost 100-Year Supply of Natural Gas
by Outcast_Searcher » Sat 04 Jul 2009, 01:28:44
Reading through the long argument above, what if we try to split the difference somewhere, and assume that we can get say 10 - 20 years of transportation fuel from NG for enough of the transportation system (say half) to GREATLY relieve the burden on peak oil, given the recent huge finds in NG? Looking at the progress specific NG companies have made in NG production technology in recent years, i.e. CHK, certainly seem to make the prospect of relatively large economically viable supplies of NG highly probable.
This would seem to greatly relieve the "shark fin shaped right side of the curve" problem with oil production the doomers frequently cite as the reason they are confident in the "short term doom" scenario.
Folks like Downey in "Oil 101" (c 2009) state that the long term price of NG is very likely to approach that of oil (in terms of BTU's) because of the massive demand required to provide meaningful NG transportation fuels.
If we go to tar sands on a large scale to extend the available life of large supplies of crude - that also requires a lot of energy at the extraction site, and NG is currently often the most practical and economical energy source for that. So that's another reason, IMO, that assuming we have plenty of NG for 1 to 10 centuries is wildly optimistic at this point.
. . .
Anyway, this kind of development is an example of why I'm a moderate. Every energy source like this that buys us both time, and barrels of oil to make more renewable energy sources like solar, wind, waves, etc. (vs. burning in vehicles) improves our chances of getting away from massive hydrocarbon use in several decades without destroying the planet and all its economies.
I may be a moderate, but I do believe that in the longer term, we MUST end up with a truly sustainable resource model for living. Most people will have to be hit in the face with an economic energy hammer (multiple times) to figure that out.
This would seem to greatly relieve the "shark fin shaped right side of the curve" problem with oil production the doomers frequently cite as the reason they are confident in the "short term doom" scenario.
Folks like Downey in "Oil 101" (c 2009) state that the long term price of NG is very likely to approach that of oil (in terms of BTU's) because of the massive demand required to provide meaningful NG transportation fuels.
If we go to tar sands on a large scale to extend the available life of large supplies of crude - that also requires a lot of energy at the extraction site, and NG is currently often the most practical and economical energy source for that. So that's another reason, IMO, that assuming we have plenty of NG for 1 to 10 centuries is wildly optimistic at this point.
. . .
Anyway, this kind of development is an example of why I'm a moderate. Every energy source like this that buys us both time, and barrels of oil to make more renewable energy sources like solar, wind, waves, etc. (vs. burning in vehicles) improves our chances of getting away from massive hydrocarbon use in several decades without destroying the planet and all its economies.
I may be a moderate, but I do believe that in the longer term, we MUST end up with a truly sustainable resource model for living. Most people will have to be hit in the face with an economic energy hammer (multiple times) to figure that out.
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Outcast_Searcher - COB
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Re: US Has Almost 100-Year Supply of Natural Gas
by Maddog78 » Wed 11 Nov 2009, 12:17:59
Gas glut.
Five years of over supply!
Natural Gas cliff recently predicted is utter b.s.
http://www.financialpost.com/todays-paper/story.html?id=2210081
$this->bbcode_second_pass_quote('', 'G')as Glut Drags On Alberta
IEA warning of five-year oversupply more gloomy than energy industry's own
Carrie Tait, Financial Post
Published: Wednesday, November 11, 2009
The global natural-gas market will be awash in supply for the next five years, the International Energy Agency warned yesterday, a call much uglier than the industry's expectations and one that will further batter Alberta's once-flush coffers.
And while tough climate change policy will boost demand for natural gas in the short term, it could eventually hamper thirst in some corners of the globe over the long haul, the IEA predicted in its annual World Energy Outlook.
"This [five-year oversupply prediction] would be a little bit more pessimistic for Alberta" than previous predictions, said Dan Sumner, an economist at ATB Financial. "That is going to have big implications for the Alberta government."
snip....................
The world's remaining resources of natural gas are easily large enough to cover any conceivable rate of increase in demand through 2030 and well beyond," the agency said, noting development costs will rise in the long term.
"The unexpected boom in North American unconventional gas production, together with the current recession's depressive impact on demand, is expected to contribute to an acute glut of gas supply in the next few years," the report said.
snip...................
Five years of over supply!
Natural Gas cliff recently predicted is utter b.s.
http://www.financialpost.com/todays-paper/story.html?id=2210081
$this->bbcode_second_pass_quote('', 'G')as Glut Drags On Alberta
IEA warning of five-year oversupply more gloomy than energy industry's own
Carrie Tait, Financial Post
Published: Wednesday, November 11, 2009
The global natural-gas market will be awash in supply for the next five years, the International Energy Agency warned yesterday, a call much uglier than the industry's expectations and one that will further batter Alberta's once-flush coffers.
And while tough climate change policy will boost demand for natural gas in the short term, it could eventually hamper thirst in some corners of the globe over the long haul, the IEA predicted in its annual World Energy Outlook.
"This [five-year oversupply prediction] would be a little bit more pessimistic for Alberta" than previous predictions, said Dan Sumner, an economist at ATB Financial. "That is going to have big implications for the Alberta government."
snip....................
The world's remaining resources of natural gas are easily large enough to cover any conceivable rate of increase in demand through 2030 and well beyond," the agency said, noting development costs will rise in the long term.
"The unexpected boom in North American unconventional gas production, together with the current recession's depressive impact on demand, is expected to contribute to an acute glut of gas supply in the next few years," the report said.
snip...................
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Maddog78 - Heavy Crude
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