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7 messages in this thread [ view entire thread ] NG and horizontal drilling Not an expert on the process, but in my limited research, this is about the most expensive gas reserves to bring to market
The gas may be there, but the cost makes it a requirement for higher retail prices
How much energy and steel cost would you think is needed to extract, compared to conventional well heads.
I gotta think we will need higher prices in the future to bring the remaining energy reserves of all kinds to the market - once we use the present known inventory of cheaper gas and oil reserves
When is the last time we saw oil spurting out of the ground, with out the help from the use of costly technology and lots of energy to get this energy
Oil sands is a good example, of higher net cost
Costs of extraction have increased ever since the Pa oil fields. 100 dollar oil as soon as we try to come out of recession, and oil needs increase in the USA. Present world consumers won't let us have it for less. They want more also
That why we need good and cheap energy research now, not when the market is priced out of our ability to buy and compete in an economy, dominated by our ineffient use of oil
Oil price will kill any hope of immediate or extended recovery, once the non oil, economic recovery has been exhausted
Just a " most everything is bad attitude" view point that not many can find reason to think differently
Badly in need of a different view point, with good reasons for the opinion. I want to be optomistic Re: NG and horizontal drilling Sorry to disappoint you but I see it in a similar way.
In addition to your above mentioned points, I would like to add some more: high depletion rates in the case of shale gas and
Unfortunatley, there will be no easy nor cheap nor instant way out. The infrastructure of the USand its cities are based on individual transportation (think suburbia). To reverse that trend, will take quite a few years and should have started long ago.
In addition, a change of the way people think has to happen. I hear and see a lot of denial - it is always "the others" who are "crazy" or who have to change. There will be a rude awakening in a short amount of time.
Natural Gas cannot be the solution; it can maybe contribute during the time of transition, but not for long.
There are so many things that should have started in the US and Canada long ago that it would be beyond the space left here to list them.
But: you have realised that something is out of whack - so you have an advantage in that you can act now whereas others are still asleep. downside up NG headed to Toronto canadian NG output is in decline.
shale gas in teh US is exploding.
4million drills a 5500 ft lateral in N C PA with 8BCF lifetime
8 @ 7 is 56 million.
by 2015 New York state wil be exporting to Toronto 1.5 miles contaminated and may one day trickle into the acquifers ...
1.5 miles of imprentrateable geo layers?
shal gas is alrady big and
is going to boom more. Re: NG and horizontal drilling thanks for this informative messages.
Re: NG and horizontal drilling wayne you are 10-00% wrong
shale gas is alredy BiG!!!!!!!!
google barnett shale economkics Wayne,..I have heard that horizontal drilling is quicker and less expensive...I'm thinking if it was more expensive, it would be reflected in the NG price.
And it is growin...a 120 year supply at current usage...
Wayne Glassford - Mon Feb 8 2010 at 3:18 AM
Horizontal drilling goes out for a long way and is costly to perform
Can we rebuild our transportation infastructure, without the use of oil, or many other required sectors. We can't have recovery without oil, and high oil prices will kill recovery, as we are less competative, even within our own domestic needs
Florian Schoepp - Mon Feb 8 2010 at 6:01 AM
huge water requirements for that process;
water which is left contaminated and may one day trickle into the acquifers which are the base for the water supply.
susan - Mon Feb 8 2010 at 9:46 AM
susan - Mon Feb 8 2010 at 9:50 AM
Herby - Mon Feb 8 2010 at 11:05 AM
Informations: http://www.trading-signal-live.de
susan - Mon Feb 8 2010 at 2:01 PM
Howard - Mon Feb 8 2010 at 7:35 PM
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