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Fracking, And Gas Production In The US
#21
What's weird is everyone is NOT jumping onboard this revolution. The UK has yet to frac at all. Eventually, Canada and the US are going to become by far the largest producers of oil and gas if others don't get onboard.
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#22
Greenie stupidity, along with welfare-stateitus, and other collectivist mallarkey, is doable when we have lots of money to waste. Once all this dries up, and everyone is forced to live with the collective stupidity, suddenly everyone wises up.

Just wait until the system crashes. Then tell me how many are willing to go along with the few remaining True Believers in the Church of Environmentalism.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#23
Matt Ridley had a short article on this last month:

"Meanwhile, the argument that the running out of fossil fuels is what has been driving up prices has been proven once again, for the third time in my lifetime, to be bunk. America, the most explored and depleted oil and gas field in the world, is now increasing its oil and gas production at such a rate of knots that it is heading towards self-sufficiency. If an oil field as gigantic as the Eagle Ford can be found (through technological innovation) in Texas, think how much awaits explorers in the rest of the world. Even five years ago, gas was thought likely to be the first of the fossil fuels to run out. Nobody thinks that now."
http://www.rationaloptimist.com/blog/gas...-fall.aspx

This quote is particularly good "Ten years ago, no less an oracle than Alan Greenspan told Congress: “Today’s tight natural gas markets have been a long time in coming, and distant futures prices suggest that we are not apt to return to earlier periods of relative abundance and low prices anytime soon.”"
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#24
So, what is causing the small town of Cotulla, Texas, to undergo a property value renaissance?

Small Texas Oil Town Property Soars to $5 Billion Thanks to Fracking

Quote:The shale oil and gas boom has skyrocketed property values in the tiny town of Cotulla, Texas, from $550 million in 2011 to a staggering $5 billion in 2013, reports Newsmax.

Cotulla's wealth explosion has also tripled tax revenues. That means 1,300 new iPads in every students' hands, new school buses, football stadium upgrades, remodeled education office space, and no more asking parents to pony up extra cash for school supplies.

Cotulla-LaSalle County Chamber of Commerce Manager Mariane Hall says the windfall is "all related to the shale industry. This was what woke us up and put us on the map," said Hall.

The fracking boom has also been a boon to the construction and hospitality sectors.

"Originally, we had four hotels," Cotulla city administrator Larry Dovalina told Newsmax. "Now we have 23 either built or being built. Our population tripled in the same period. We're estimated now north of about 10,000."

Ramirez-Burks Elementary School technology department worker Rafael Denivdez says the town's transformation is a classic tale of rags-to-riches.

"We were once the poorest district," said Denivdez. "Now we went to being one of the richest districts."

And all without the blessings of the Bamster and Big Government. S5
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#25
It's also making 'Re-Shoring' increasingly possible ...
Quote:Over the past 40 years, factory jobs of all kinds have migrated from high-cost to low-cost countries.

Now, as the economics of global manufacturing changes, the pendulum is finally starting to swing back. In the years ahead, it could be America’s turn to be on the receiving end of production shifts, as more companies use the U.S. as a low-cost export platform.

As noted elsewhere, lower energy costs, thanks to fracking and its success in unlocking oil and gas reserves heretofore unavailable, are an increasingly important part of the equation. In less than two years, the price for natural gas is projected to be between 60 and 70 percent lower here than in Europe or Japan, and consequently the cost of electricity will be 40 to 70 percent lower here than there. That’s an advantage that the United States will likely enjoy for years if not decades to come. China has enormous untapped oil shale reserves, perhaps even larger than those in the United States, but so far their efforts to extract significant quantities of it to quench its own internal thirst for energy have faltered.


I was explaining this to a European colleague a couple of weeks ago that seemed like he had some difficulty accepting that this was even remotely possible ...
[Image: z?s=UNG&t=5y&q=&l=&z=l&a=v&p=s&lang=en-US&region=US]
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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#26
(02-02-2014, 03:11 PM)mr_yak Wrote: It's also making 'Re-Shoring' increasingly possible ...
Quote:Over the past 40 years, factory jobs of all kinds have migrated from high-cost to low-cost countries.

Now, as the economics of global manufacturing changes, the pendulum is finally starting to swing back. In the years ahead, it could be America’s turn to be on the receiving end of production shifts, as more companies use the U.S. as a low-cost export platform.

As noted elsewhere, lower energy costs, thanks to fracking and its success in unlocking oil and gas reserves heretofore unavailable, are an increasingly important part of the equation. In less than two years, the price for natural gas is projected to be between 60 and 70 percent lower here than in Europe or Japan, and consequently the cost of electricity will be 40 to 70 percent lower here than there. That’s an advantage that the United States will likely enjoy for years if not decades to come. China has enormous untapped oil shale reserves, perhaps even larger than those in the United States, but so far their efforts to extract significant quantities of it to quench its own internal thirst for energy have faltered.


I was explaining this to a European colleague a couple of weeks ago that seemed like he had some difficulty accepting that this was even remotely possible ...
[Image: z?s=UNG&t=5y&q=&l=&z=l&a=v&p=s&lang=en-US&region=US]

Yak, I do believe that fracking will lead to the building of needed base power generation plants. This will allow the continuation of existing and germination of future energy intensive manufacturing facilities.

There are two dynamics. One is always floated - The Loss of manufacturing jobs. While this is true the reasons are complex. The obvious; Labor costs in the USA are higher than outside of the USA. The known but little touted is that US workers are by-and-large the most productive in the entire world. It is hard to believe, but it is true:

[Image: USlaborProductivity.jpg]

US private sector jobs are more productive than most everyone else in the world. This of course limits private sector jobs to useless lardasses. Have no fear the government is here and has found a place for the majority of the useless lardasses. In my view this is not productive but I am not a Nobel prize winning economist with my head firmly placed in my rectum that lives in an uber-mansion estate writing for the NY Times articles for the peasants to learn to live with less.
[Image: USmanufacturingJobs.png]

So US workers in private industry are the most productive workers and now because of fracking & shale oil and gas costs are at just about flat bottom(as I understand it prices are so low it does not even pay for some firms to put gas to market...). Manufacturing jobs are not rising as fast as manufacturing profits because US workers are so much more productive and the use of modernization. Now I can understand that but I was very pleased to see the extent that US manufacturing has grown.

[Image: US_VALUE_ADD.jpg]

Now many pessimists would say but look at China. Well to that I say you and I have never had the opportunity to live in a better world. My dad was too young to go to the Korean War and too old for Vietnam. I was to young for Vietnam and too old for Iraq or Afghanistan. Our economy is booming. The biggest leftist misnomer regarding capitalism is that they propagate the belief in the weak minded that is one profits the other loses. This is far from the truth. I am very pleased with the massive industrial & economic advancement in China. A billion isolated subsistence dirt farmers that do not even know about the USA's goods & services were not a market for our industries. This is changing but sadly, fearfully many great minds are speculating that China is bubbling and the pop is gong to reverberate around the world.
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#27
The reason we're more productive is our infrastructure and investment is better. There is no way the average American is both smarter and harder working than the average "fill in the blank". In fact, it's harder and harder to find workers here that are driven at all.
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#28
(02-02-2014, 06:06 PM)Palladin Wrote: The reason we're more productive is our infrastructure and investment is better. There is no way the average American is both smarter and harder working than the average "fill in the blank". In fact, it's harder and harder to find workers here that are driven at all.

I'll give you infrastructure & investment as a large component of the USA worker productivity. As far as the "fill in the blank" not so much. Workers here across Europe are pathetic.

As far as "It's harder and harder to find workers here that are driven at all." That is probably because too many of them have graduated with degrees and remain too literate to read even road signs!

When Law & Medical Schools must provide significant numbers of degree holders remedial course prior to attending regular classes I think we have identified a major hole in our employment pool.
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#29
Paul,

'Productive' can mean many things ... in this case, at least initially, it will most likely be primarily 'economically' productive. The first order of stuff that will likely be 're-shored' will energy intensive manufacturing industries like cement, steel and glass. An Industrial Renaissance most likely won't be a zero sum game as far as jobs returning to the U.S. ... as much of the new infrastructure will probably be highly automated, but it's definitely going to be a major wealth generator. And created wealth, at least the kind that doesn't get siphoned off and 're-distributed' or stolen or extorted, tends to spill over into 'ordinary' people's lives in a big way.
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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#30
Now, here is some seriously good news: North Dakota pumps record 313.5M barrels of oil in 2013; tops previous high by 70M barrels.

Just think what we could be doing if government lands were also opened up?
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#31
(02-15-2014, 02:20 PM)John L Wrote: Now, here is some seriously good news: North Dakota pumps record 313.5M barrels of oil in 2013; tops previous high by 70M barrels.

Just think what we could be doing if government lands were also opened up?

The absolute best revenge for the Obama Economy will be the complete explosion in wealth after 2016 when we can finally unshackle ourselves, remove the various albatrosses and anchor chains ... and .... "Move Forward" as a nation. S5
"Democracy is the theory that the common people know what they want and deserve to get it good and hard."
-- Henry Mencken
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#32
It appears that the latest Anti-Fracking vehicle being brought out by the Eco-Wackos, over at the Church of Environmentalism, is that of earthquakes. And my own personal opinion is that this may have some truth within. But the Eco-Wakos keep starting out using illogic, and applying this to everything, including earthquakes.

This all got started about two years ago, after the US government gave the green light to fracking, against the vociferous objections of the Eco-Wakos, and its been going on ever since. Here's one of the earliest ones: Earthquakes in Youngstown, blamed on fracking waste, put pressure on policy.

And last month's Oklahoma mini-quakes again caused angst with many articles, this being just one: Oklahoma earthquake spike likely linked to fracking boom. But here is what peaked my interest, dovetailing along with how Greenies view the universe.

Quote:Fracking has long been associated with seismic activity, as researchers have shown connections between quakes and wastewater injection wells. The toxic wastewater is stored deep underground, causing friction along fault lines, scientists have found. For instance, researchers last year linked drill sites to a series of quakes in parts of Ohio.

The injection wells used for oil and gas development are the “most reasonable hypothesis” to explain the earthquake uptick in Oklahoma, Nicholas van der Elst, a post-doctorate research fellow at Columbia University’s Lamont-Doherty Earth Observatory, told The Nation.

“The burden of proof is on well operators to prove that the earthquakes are not caused by their wells,” van der Elst said.

Somehow, I was under the impression that in this country(at least) one was innocent until proven guilty, and burden of proof was upon the prosecution. Not like Russia, where this article originated, or other countries for that matter.

But now, Kalifornia is also experiencing quakes, which is obviously a brand new phenomenon to these folks. And they are blaming it on,......drum roll please,.................fracking. 3 LA City Councilmembers Launch Study to Determine If Fracking Caused Earthquake.

I could be wrong here, since I am not a seismologist, or geologist, but I have dabbled in the science a little. I was always taught that quakes were the result of colliding plates becoming stuck together, and building up pressure, until they finally release, causing considerable damage to the planet's surface. And also, the more built up pressure, the greater the potential earthquake. In other words, a series of smaller quakes, releasing pressure on a constant basis would be much better than just one Big One all at once.

Now back to fracking. Point one, I wouldn't be surprised if fracking did indeed lead to the release of local plate pressure, resulting in many small earthquakes. But the burden of proof would be on the naysayers, not the ones standing accused. And Point two, if they did, it would seem logical to me that fracking just might be causing more help than harm, by initiating the early lease of all this built up plate pressures. Instant plate tectonics in action.

And this is why I believe the Eco-Wackos are digging a hole for themselves, that will not allow them to get back out of. I used to live in Alaska, as a young boy, and we constantly went through quakes and tremors on a daily basis. It became a way of life to residents. And yet major earthquakes were almost unheard of. Only the Big One of 1964, off the coast of Valdez, caused immense damage, and obviously it was the result of tremendous tectonic stress suddenly being relieved, all at once.

So, I am thinking that fracking may actually be doing a great service for us, by causing mini-quakes and not allowing for more Big Ones further on down the line. And keep in mind that the Oklahoma mini-quakes are on the New Madrid fault line, where some of the biggest historic quakes have occurred. But unlike most quake zones, the pressure keeps building up until the next Big One occurs.

It seems to me that many little ones, off setting any big ones, would be a genuine plus. I wonder why the Kooks are unable to see all this?

Here is someone, made up to be an erudite geological seer, talking about this issue. Note that he never mentions the obvious conclusions I am seeing. I wonder why? But he really does talk an educated game, doesn't he? This may be one of the ever growing examples why I refer to them as Whores. S13



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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#33
(03-19-2014, 01:11 PM)John L Wrote: It appears that the latest Anti-Fracking vehicle being brought out by the Eco-Wackos, over at the Church of Environmentalism, is that of earthquakes. And my own personal opinion is that this may have some truth within.

No! A heavy truck driving down your street if there is a seismic instrument will register as an earthquake. This is not an earthquake. Numerous politicians have been flatulent enough to be registered on a seismometer. Although generally more destructive their noxious expulsions are not earthquakes.

Fracking does not cause earthquakes. Just because a measurable vibration can be registered on an instrument that can also register the much greater logarithmic force of an earthquake does not make the origin of that infinitesimally small vibration an earthquake. It would be really great if someone would explain to all the nuts out there the difference(at a later date the explanation of S and P waves might be beneficial also).
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#34
Paul, did you forget yesterday's medication? Calm down. All I said was that this "may have some truth within." Note the plausible deniability there. And if there are suddenly many more smaller quakes than before, logic would dictate that something is causing it, right? And come on, certainly not a moving truck. And politician's flatulence is hot aire that rises instead of settling downward. S13

But my point is that regardless, all these little quakes are good, not bad.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#35
Speaking of fracking and pipelines, perhaps an Atlantic pipeline for supplying natural gas to EuroLand may be even more cost worthy in the long run.

How Ukraine Will Turbocharge America's Energy Future

Quote:Thanks to breakthroughs in the controversial technique of "fracking," or hydraulic fracturing, the United States recently passed Russia as the world's largest producer of natural gas. Similarly the United States is expected to overtake Saudi Arabia and Russia as the world's top oil producer by 2017, also because of new technologies, according to the International Energy Agency. The United States still possesses an astonishing total of about $128 trillion in "technically recoverable" oil and gas resources alone, amounting to eight times the national debt, says the Institute for Energy Research, a right-leaning nonprofit foundation in Washington.

Unlocking a somewhat larger portion of those resources of oil and gas in an environmentally cautious way, while also launching a massive new investment program in green and other technologies, would strike directly at the heart of Putin's apparent strategy for resurrecting Russia, some experts say. It would also mark a distinct contrast from the personal sanctions applied so far against his top cronies, which appear not to have dissuaded Putin at all.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#36
And here is some interesting statistics that bode well for the US: US now pumping 10 percent of the world’s crude. And surprisingly, we are just getting started.

Quote: Boosted by the galloping pace of tight oil operations, the United States produced a tenth of the world’s oil at the end of last year, the Energy Information Administration reports.

Overall U.S. oil production averaged 7.84 million barrels a day in the fourth quarter of 2013, 10 percent of the world production, up from 9 percent at the end of 2012. Shale and other dense rock, newly accessible because of advancements in hydraulic fracturing and horizontal drilling, accounted for 3.22 million barrels of the U.S. daily average during the three months ending Dec. 31.

The shale boom has given the U.S. a production rate not seen since 1988, as tight oil replaced declining production in conventional fields. Almost two-thirds of U.S. tight oil comes from South Texas’ Eagle Ford and North Dakota’s Bakken shales.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#37
Oh No, not another case of fracking induced earthquake. And this time in Yellowstone Park no less. And what makes this even more serious is that we have discovered Yellowstone Super-volcano to be 2.5 Times Larger than previously thought. This could definitely cause Jackasses to start stampeding.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#38
The Bakken oil fields have managed to produce its first billion barrels of crude.
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#39
About the only thing left now is for the fat lady to start singing: Environmental groups have lost the war against fracking.

[Image: us-gas-growth-eia-projections-article1_t...=640&h=494]
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Hillary Clinton Is Like Herpes, "She Wont Go Away" - Anna Paulina
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#40
Hope they lose the war on the Canadian pipeline, too.
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