New Shale Formation in West Texas could Dwarf the Bakken

[Star]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Your "modern, clean energy" has a cost about 10X what our current supplies cost, and the government subsidies amount to nothing more than ANOTHER tax on the less than 50% who PAY taxes.

Welllll, kinda sorta but...

Energy subsidies total $24 billion, most to renewables

<snip>

Players in the renewable-energy sector include everyone from small manufacturers of solar panels to multi-national oil companies and investment banks.
The CBO report said tax credits for the ethanol industry totaled over $6 billion, making it the largest single renewable-energy recipient.

Ethanol tax credits usually go to refiners, which include some of the largest companies in the world like Exxon Mobil (XOM, Fortune 500), Royal Dutch Shell (RDSA) and BP (BP).

<snip>

And-----and if we include external costs...

Internal costs are easy to see and explain. They are costs that a business bases its price on. They include costs like materials, energy, labour, plant and equipment and overheads.

External costs are costs that are NOT included in what the business bases its price on. These include:

• the cost of disposing of the product at the end of its useful life

• the environmental degradation caused by the emissions, pollutants and wastes that production creates
• the cost of health problems caused by toxic ingredients

Even though external costs are not included in the price of the product they must still be paid. They end up being paid by society through taxes, accident compensation, medical and insurance payments and also by future generations through losses in environmental quality and natural capital.
.

 

[Mr. H.]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

CO2 emissions are at a 20-year low in the U.S. Why?
Not because of alternatives and renewables, but for the increased usage of natural gas and less of coal. Natural gas. Not wind/solar/hydro.

AP IMPACT: CO2 emissions in US drop to 20-year low - Yahoo! News

Many of the world's leading climate scientists didn't see the drop coming, in large part because it happened as a result of market forces rather than direct government action against carbon dioxide, a greenhouse gas that traps heat in the atmosphere.

Market forces, not direct government action against carbon dioxide.

 

[GuyPinestra]

$6 billion a year for ethanol, what a GREAT idea! NOT!

Give away money for a product that degrades motors while taking staple foodstuffs off the market.

Government subsidies and tax credits have NEVER caused the discovery or exploitation of a viable energy resource.

Private enterprise has done that since the first human cut down the first tree!!

 

[sfcalifornia]

$6 billion a year for ethanol, what a GREAT idea! NOT!

Give away money for a product that degrades motors while taking staple foodstuffs off the market.

Government subsidies and tax credits have NEVER caused the discovery or exploitation of a viable energy resource.

Private enterprise has done that since the first human cut down the first tree!!

Since when is algae a food staple? Is that what you eat at night?

Biofuel from Algae Hits California Pumps | Biofuels | ReWire | KCET

 

[LordBrownTrout]

Good. Who gives a shit if Texas has earthquakes.

Formation shifts due to fracturing, propagation out 600 feet, are insignificant. The lateral may have 10-30 completions over 6000 feet. They rarely even register on the richter scale. These are entirely different than continental plates that glide by each other.

 

[sfcalifornia]

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Do they even go outside?

You ever been on a drilling rig? Or do you get all your info from the enviro weenies? Show me an alternative to oil that will economically keep a 747 in the air, then we can talk.

Let's talk.

Use of Biofuels in Aviation

Biojet Fuel from Algae - Unitel`s New Technology Overcomes a Major Problem Facing the Algal Biofuels Industry | Reuters

 

[Bigfoot]

Modern green energy, heh, we all know it's been one failure after another.

 

[uscitizen]

Good. Who gives a shit if Texas has earthquakes.

Not much to lose in texas from a polluted water table either.

 

[sfcalifornia]

Modern green energy, heh, we all know it's been one failure after another.

That kind of pessimist mentality is why you belong to the Republican party.

If everyone on Earth felt that way, we'd still be living in caves.

 

[bodecea]

Good. Who gives a shit if Texas has earthquakes.

Not me.

 

[LordBrownTrout]

Good. Who gives a shit if Texas has earthquakes.

Not much to lose in texas from a polluted water table either.

The water table occurs around 1500 feet. Casing is run through that area. The lateral is fractured at a measured depth of around 10,000 feet. Propagation from fracturing extends out 600 feet. There is no migration of any gases to the water table.

 

[g5000]

By Charles Kennedy
January 30, 2013



The US shale boom has led some to predict that it will overtake Saudi Arabia as world&#8217;s largest oil and gas producer by 2020, thanks to the massive reserves found in plays such as the Bakken Shale of North Dakota, the Marcellus Shale in New York, and the Eagle Ford Shale in Texas; even the newly discovered Tuscaloosa Shale formation in Louisiana holds large potential.

However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment.

The play is known as the Cline Shale play and has been discovered in the Permian Basin.

John Breyer a geologist at Marathon Oil Corp.(NYES: MRO) said that this new discovery could dwarf anything that exists in North Dakota...


***snip***

Continue reading: -->
New Shale Formation in West Texas could Dwarf the Bakken

Every couple of years, these shale stories make the rounds. The people pumping out these stories are shilling for investment scams. They get stories like this posted on the internet so they can link to them in their scam newsletters to their victims to make their investment scheme sound legitimate.

Shale is notoriously expensive to extract and process. This is not conventional oil.

The price of conventional oil would have to top $100 a barrel and remain there for an extended period of time (years) to even begin to make shale oil a viable economic proposition. That's why you will not find a single operating shale oil well anywhere.

Don't be suckered into these investment scams.

This is the oil frauds' version of one of those Nigerian emails.

 

[Dont Taz Me Bro]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Unreal, isn't it?

What is it with some people's insistence that we continue to churn out crap and pollute the air we breathe? These people also enjoy shitting in their backyards.

Good. Who gives a shit if Texas has earthquakes.

Hey, let's just dig up all the shale in the Green River Basin and turn it into oil. We have over 1.5 trillion barrels of oil. Everyone in America will be rich. Of course, we probably won't have any usable water or land left to farm once all the leftover residue enters our waterways, but so what? We'll all be rich.

You people are no different than religious fanatics. Hard to take anything you say on this topic seriously.

 

[Synthaholic]

And, the Monterey Shale in the San Joaquin Valley of California, which is estimated to hold 4 times the amount of oil as the Bakken.

http://www.nytimes.com/2013/02/04/u...?nl=todaysheadlines&emc=edit_th_20130204&_r=0

We're swimming in crude. What happened to that "peak oil" we've been hearing about since the 1970's? If prices really are driven by supply and demand, why are we still paying over $3 a gallon for it?

This is why, and nobody talks about it:

http://www.usmessageboard.com/polit...ers-into-bidding-war-with-mexico-at-pump.html

 

[Bigfoot]

Modern green energy, heh, we all know it's been one failure after another.

That kind of pessimist mentality is why you belong to the Republican party.

If everyone on Earth felt that way, we'd still be living in caves.

LOL, no I do not belong to the republican party. Shouldn't you be off getting your shit packed?

 

[Synthaholic]

Great! Another excuse not to move forward to modern, clean energy and away from antiques like the reciprocating piston engine.

Your "modern, clean energy" has a cost about 10X what our current supplies cost, and the government subsidies amount to nothing more than ANOTHER tax on the less than 50% who PAY taxes.

What about the subsidies to the oil industry?

 

[Dont Taz Me Bro]

Every couple of years, these shale stories make the rounds. The people pumping out these stories are shilling for investment scams. They get stories like this posted on the internet so they can link to them in their scam newsletters to their victims to make their investment scheme sound legitimate.

Shale is notoriously expensive to extract and process. This is not conventional oil.

The price of conventional oil would have to top $100 a barrel and remain there for an extended period of time (years) to even begin to make shale oil a viable economic proposition. That's why you will not find a single operating shale oil well anywhere.

Don't be suckered into these investment scams.

This is the oil frauds' version of one of those Nigerian emails.

The boom in North Dakota seems pretty real. The boom towns in the western part of the state are growing in population faster than they can keep up with infrastructure wise. People are living in RVs, automobiles, and sharing studio apartments in order to work there.

Doesn't sound like a scam to me.

 

[Dont Taz Me Bro]

What about the subsidies to the oil industry?

What subsidies?

 

[LordBrownTrout]

By Charles Kennedy
January 30, 2013



The US shale boom has led some to predict that it will overtake Saudi Arabia as world’s largest oil and gas producer by 2020, thanks to the massive reserves found in plays such as the Bakken Shale of North Dakota, the Marcellus Shale in New York, and the Eagle Ford Shale in Texas; even the newly discovered Tuscaloosa Shale formation in Louisiana holds large potential.

However there is a new shale formation that has been discovered in West Texas which could dwarf all others being drilled in the US at the moment.

The play is known as the Cline Shale play and has been discovered in the Permian Basin.

John Breyer a geologist at Marathon Oil Corp.(NYES: MRO) said that this new discovery could dwarf anything that exists in North Dakota...


***snip***

Continue reading: -->
New Shale Formation in West Texas could Dwarf the Bakken

Every couple of years, these shale stories make the rounds. The people pumping out these stories are shilling for investment scams. They get stories like this posted on the internet so they can link to them in their scam newsletters to their victims to make their investment scheme sound legitimate.

Shale is notoriously expensive to extract and process. This is not conventional oil.

The price of conventional oil would have to top $100 a barrel and remain there for an extended period of time (years) to even begin to make shale oil a viable economic proposition. That's why you will not find a single operating shale oil well anywhere.

Don't be suckered into these investment scams.

This is the oil frauds' version of one of those Nigerian emails.

The costs to extract oil in shale have dropped significantly due to fracturing, hence the booms nationwide. There are hundreds that are producing in the permian basin.

 

[Bigfoot]

Every couple of years, these shale stories make the rounds. The people pumping out these stories are shilling for investment scams. They get stories like this posted on the internet so they can link to them in their scam newsletters to their victims to make their investment scheme sound legitimate.

Shale is notoriously expensive to extract and process. This is not conventional oil.

The price of conventional oil would have to top $100 a barrel and remain there for an extended period of time (years) to even begin to make shale oil a viable economic proposition. That's why you will not find a single operating shale oil well anywhere.

Don't be suckered into these investment scams.

This is the oil frauds' version of one of those Nigerian emails.

The boom in North Dakota seems pretty real. The boom towns in the western part of the state are growing in population faster than they can keep up with infrastructure wise. People are living in RVs, automobiles, and sharing studio apartments in order to work there.

Doesn't sound like a scam to me.

I read an employment ad the other day that was offering $17.00 an hour to start at one of the Walmarts up there. Rents are also sky high due to lack of housing (which you touched on) and demand. But the guys working the derricks, fields and trucking are making a killing.