Shale oil news article plus commentary from another board

Ayoob · Expert Joined: Jul 15, 2004 Posts: 1110

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=115x11422

"A decision by Queensland Energy Resources Ltd (QERL) to wind down its controversial shale oil extraction operation near Gladstone spells the end for the project, according to environmental group Greenpeace. QERL on Wednesday presented the closure of Stage 1 as a precursor to further research for the next phase of its Stuart program in Queensland, however environmental group Greenpeace said it was confident the project had run out of steam.

Andy · Intermediate Crude Joined: May 16, 2004 Posts: 519

That is what happens when people ignore net energy analysis. It has always been clear that shale oil will never be energy positive. Every attempt so far to do shale oil has failed in economic disaster. Too much processing is necessary including the addition of hydrogen, hence I cannot see how it will ever be feasible. Tar sands and coal are a bit better in this regard.

smiley · Fission Joined: Apr 16, 2004 Posts: 2144 Location: Europe

The canadian association of petroleum producers just released an outlook for the Canadian oil industry. I think the discussion about the feasibility of the extraction of these resources is irrelevant.

If these figures are true than the country with the largest unconventional resources in the world will only be able to post a growth rate of 100.000 bpd per year.

That is not going to make a significant impact on the world oil production, nor is it going to affect its decline.

http://www.capp.ca/raw.asp?NOSTAT=YES&dt=NTV&e=PDF&dn=76477

Moreover these numbers support Campbells pessimistic view on non-conventional oil.