[funzone36]

LNG transportation requires oil. Lots of them since it's heavy and transporting it to the US means travelling half a world away.

The problem is not natural gas supply, indeed. The problem is price and demand.

By the way, the EROEI for methane hydrates is bad and it risks more climate change.

Even though there are large natural gas reserves, North American natural gas has already peaked. Russian natural gas exports are also falling: http://www.interfax.ru/e/B/0/26.html?me ... e=11726091

There will be tons of natural gas long after we hit peak natural gas. The problem is, how much can we extract.

Lastly, natural gas suffers from the same problem as oil. A lot of natural gas cannot be extracted because it is too contaminated.

$this->bbcode_second_pass_quote('', 'O')ne-third of the natural gas reserves in the United States cannot be used because of excessive contamination with nitrogen and/or carbon dioxide.

[oiless]

$this->bbcode_second_pass_quote('funzone36', '
')
It's also possible to use natural gas in some combustion engines. The only drawback is that it takes 8 hours to fill it up.

[peripato]

$this->bbcode_second_pass_quote('Tyler_JC', 'T')he world has X units of oil. Who will be more willing to pay Y dollars for those units?

Average Joe's RV or the natural gas producer?

[Judgie]

$this->bbcode_second_pass_quote('Tyler_JC', '
')
And that ignores the vast quantity of methane hydrates available under the oceans.

[Kingcoal]

The ME has begun to build NG to liquids plants; does that answer your question? The funny thing is the NG industry is still somewhat immature. Everyday (and night) in Nigeria for one, NG is "flamed" off. It is expensive to store and transport, as other posters have noted, hence the NG to liquids industry.

Natural Gas was considered a nuisance in the oil industry until about 40 years ago. In the early days of the oil industry, wells often caught fire after hitting a reservoir because of it. When a wildcatter would hit NG, they would generally abandon the well. In other worlds, they would just let the well vent into the atmosphere because it was too dangerous to work around. Back then, home municipal gas was made from coal. The left over waste coal was mixed with water and cooked in a reactor. The chemical reaction would give off CO and H, which was piped to all the wealthy households. This type of gas was very dangerous, as CO is poisonous and is heavier than air. Modern NG is methane, which is lighter than air and hence much less dangerous in the home. Any leaks will quickly dissipate into the upper atmosphere.

[TheDude]

Methane from Wikipedia. We're adding a bit each year, all those ruminants for one thing.

Imbalance (trend) +20 ~2.78 Tg/ppb +7.19 ppb/a

$this->bbcode_second_pass_quote('', 'M')odern NG is methane, which is lighter than air and hence much less dangerous in the home. Any leaks will quickly dissipate into the upper atmosphere.

[funzone36]

$this->bbcode_second_pass_quote('oiless', '')$this->bbcode_second_pass_quote('funzone36', '
')
It's also possible to use natural gas in some combustion engines. The only drawback is that it takes 8 hours to fill it up.

[Oil-Finder]

I posted this in this thread here, but I think this is important enough to warrant its own thread here in the Energy Technology section.

Peakers and doomers like to cite the restricted availability of water from the Athabasca River as one of the obstacles on the amount of oil that can be extracted from the Canadian oil sands. Unfortunately for them, human ingenuity comes to the rescue once again!

First, we go here:

--> Suncor Energy says oilsands expansion will go ahead <--

Noteworthy, with the emphasis on the bolded item:
$this->bbcode_second_pass_quote('', 'E')nvironmental concerns played a large role in planning for the expansion, George said.

"We've worked very hard here in terms of continuing to reduce and minimize our impact on water land and air resources,'' he said.

George said Suncor has already reduced its water use 50 per cent per barrel over the last five years and there is no new increase in its licence to take water from Athabasca river.

Because Voyager will rely on in-situ mining at the Firebag reservoir, rather than open-pit mining, less land disturbance will be caused and George said Suncor will continue to invest in technology to reduce greenhouse gas emissions, already down 50 per cent since 1990.

Suncor will use the steam assisted gravity drainage, or SAGD, process to get the oil out of the ground. That method uses ultra-hot steam to heat the bitumen up underground, making it thin enough to draw to the surface.
. . .

George said Suncor would also look into other technologies, though he didn't specify which kinds.

One promising method could be Toe-to-Heel Air Injection, patented by Petrobank Energy and Resources Ltd., which uses air and the bitumen itself to heat underground reserves. The THAI process requires no water and uses up significantly less energy than SAGD.

[Oil-Finder]

Here is Petrobank's brochure describing the process:
http://www.petrobank.com/webdocs/whites ... ochure.pdf

Though the document already looks to be a few years old.

[Oil-Finder]

And an interesting discussion on the technology at The Oil Drum:
http://canada.theoildrum.com/node/2907

[americandream]

I simply can't understand the likes of you. We've had all manner of inventions paraded on this site, all promising a range of snale oil treatments to cure my ailment, life on a finite planet. And you bring this on here to debunk my beliefs!

Of course they will find ingenious ways to extract the last morsel from the ground so as the 6 billion may get a chance to ride the new age of concrete and tarmac as far as the eye can see. Duh!

[Oil-Finder]

$this->bbcode_second_pass_quote('americandream', 'I') simply can't understand the likes of you. We've had all manner of inventions paraded on this site, all promising a range of snale oil treatments to cure my ailment, life on a finite planet. And you bring this on here to debunk my beliefs!

Of course they will find ingenious ways to extract the last morsel from the ground so as the 6 billion may get a chance to ride the new age of concrete and tarmac as far as the eye can see. Duh!

[FoxV]

we've actually all been watching Petrobank and THAI for a while now. They have one of the few technologies that may make a difference in the downside of the PO curve if they can prove the technology is scaleable and usuable in a wide range of sites (which they haven't yet).

Ultimately its highly doubtfull that THAI will be able to replace the minimum decline rate of 2%/year of 86Mbrls/day. Just remember thats 1.72Mbrls/day with a growth rate of 100%. Right now I believe the Whitesands project (the only operating site) is producing 5000brls/day

And all that still doesn't address what all this new oil production is going to do to global warming which appears to be accelerating beyond worst case scenerios already.

Their symbol is PBG.TO
[web]http://chart.finance.yahoo.com/c/3m/p/pbg.to[/web]

They finally broke $50 so they've just broken through their resistance point. But with a P/E ratio of 92 they're very speculative. But considering their potential a good stock to buy once we get through this little banking crisis/financial meltdown.

enjoy

[dinopello]

Oil Drum Discussed It

[Oil-Finder]

$this->bbcode_second_pass_quote('dinopello', '8'))
Oil Drum Discussed It

[americandream]

Oh yeah...I also want to be a mega billionaire and have a harem of women! Nuts!

[steam_cannon]

$this->bbcode_second_pass_quote('Oil-Finder', 'I') posted this in this thread here, but I think this is important enough to warrant its own thread here in the Energy Technology section.

[Oil-Finder]

Sorry steam_cannon, I missed the other thread.

$this->bbcode_second_pass_quote('steam_cannon', 'T')his is an old topic and a method which will pump even more hydrocarbons into the atmosphere.

[steam_cannon]

$this->bbcode_second_pass_quote('Oil-Finder', 'B')ut at the very least, this addresses the water issue, which is still being repeated frequently on this forum despite the aforementioned thread already discussing this topic.