Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Sat Aug 30, 2008 11:25 am Post subject: New Gas Discoveries a Boon for U.S. Energy Sector
Quote:
U.S. gas production is up 9% this year - a rate of increase not seen since 1984 - with most of that gain coming from natural-gas shale, particularly the Barnett Shale
Could somebody comment on this. Is this significant? I'm not sure what to make of this.
This articel is a few days old, but I wasn't able to find it already discussed in the forums. In case I missed it, let me know.
Posted: Sat Aug 30, 2008 3:38 pm Post subject: Re: New Gas Discoveries a Boon for U.S. Energy Sector
dsula wrote:
Quote:
U.S. gas production is up 9% this year - a rate of increase not seen since 1984 - with most of that gain coming from natural-gas shale, particularly the Barnett Shale
Could somebody comment on this. Is this significant? I'm not sure what to make of this.
This articel is a few days old, but I wasn't able to find it already discussed in the forums. In case I missed it, let me know.
OilFinder2 has discussed this at length in his posts. Search for those under his username.
It's true. Estimates are for a 30% increase in US natural gas supplies over the next 20 years.
There are shale deposits all over the world that also have not been exploited. The Europeans are very intersted in trying to duplicate the results that have obtained in the US. _________________ "May you live in interesting times"
Joined: Mar 26, 2008 Posts: 1417 Location: Seattle
Posted: Sat Aug 30, 2008 6:44 pm Post subject: Re: New Gas Discoveries a Boon for U.S. Energy Sector
dsula wrote:
Quote:
U.S. gas production is up 9% this year - a rate of increase not seen since 1984 - with most of that gain coming from natural-gas shale, particularly the Barnett Shale
Could somebody comment on this. Is this significant? I'm not sure what to make of this.
This articel is a few days old, but I wasn't able to find it already discussed in the forums. In case I missed it, let me know.
There have already been multiple threads on this. Might want to start with these two:
Joined: Feb 20, 2005 Posts: 2888 Location: Uppsala, Sweden
Posted: Sun Aug 31, 2008 2:21 pm Post subject: Re: New Gas Discoveries a Boon for U.S. Energy Sector
allenwrench wrote:
They are going to raise my gas bill 30%. -Maybe they will lower it since there is so much NG?
Don't count on it. These new plays are more expensive to exploit than the old ones. The good thing is that we might not see a shortage pushing up prices even more.
But very importantly: no one knows what the future holds.
Saying gas extraction will increase by 30 % in 20 years is not a scientific statement. That might happen, or the opposite might. These are very unreliable numbers and there is no way to make sure except by drilling and seeing what happens. _________________ Peak oil is not an energy crisis. It is a liquid fuel crisis.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
