by copious.abundance » Tue 17 Nov 2009, 01:30:11
$this->bbcode_second_pass_quote('pstarr', 'D')enying net-energy analysis on unconventional plays is akin to ignoring evolution or AGW.
The reason this stuff has never been produced (except to willing suckers and clueless hapless investors) is not because the technology has existed. (I mean really. Blow hot water down a drill hole is not rocket science.) No. The stuff has never been produced because people used to be smart. Now they are latching onto any gimmick that might rescue their portfolios.
When the "unconventionals" ramp up year on year and really make some headway, then call me. Until then, I'll keep my money in CD's. Thank you very much.
Except that . . . it's being produced. And unconventional natural gas production already accounts for almost half of US production. A fact I've repeatedly pointed out to you but which you continually ignore and pretend it's still just a little drop in the bucket.
And just think, at one time no one had ever produced petroleum or natural gas at all. I guess that means they were smart back then, knowing the EROEI was too low.
