If you just want aggregated news
about the shale oil industry, it seems you could find easier ways to get it.
Geologist Bill Zagorski, now a vice president of the gas company Range Resources, knew
about the shale history in 2003, when he was working on a problematic well southwest of Pittsburgh.
Misleading claims
about shale gas development serve dogma but not the public interest by Paul Driessen The Sierra Club and other environmental pressure groups are redoubling their efforts to «stop fracking in its tracks.»
Although the Department of Energy and Climate Change (DECC) is enthusiastic
about shale gas development, their chief scientist says shale realistically won't provide meaningful supplies for at least a decade.
Sure, yesterday's rosy predictions
about shale gas could bear out in terms of years, but the high cost of shale drilling, the rapid rate of well depletion, and increased gas exports will translate into higher domestic prices.
Care to comment on what is known
about shale resources elsewhere?
Well, France is even more dogmatic than Britain
about shale gas!
On May 4th The Global Warming Policy Foundation (GWPF) published a detailed report
about the shale gas revolution and its likely implications climate policy.
Even the public editor of the New York Times said one of the Times» stories
about shale gas was «out on a limb» with questionable sourcing and little context.
Clearly, Howarth's flawed findings
about shale gas emissions were the anomaly.
These stories are not only
about shale gas drilling, they are about energy policy.
These kinds of personal stories are an easy introduction to people who are just starting to learn
about shale gas drilling.
To regain public trust, the report says, much information
about shale gas should become readily available to the public, starting with the chemical recipes for the fluids pumped at high pressure into shale to free up the gas.
Shale Network for the past six years has fostered a dialogue
about shale drilling between concerned citizens, watershed groups, government regulators and personnel from large energy companies by focusing on publicly available water quality data.
It called for the creation of a national database of all public information
about shale gas development.
«These fears have been heightened at a time when we're talking
about shale gas exploration in the country.
He is believing the nonsense
about shale breakeven costs without understanding there is a lot of misinformation in this area.
I feel the same way
about shale oil.
Discovering Shale Gas: An Investor's Guide to Hydraulic Fracturing of Shale Plays explores in detail the environmental and social impacts of shale gas development in the United States, identifying key questions for investors and also broader issues
about shale gas development's implications for extending the era of fossil fuel dominance.
While there are many reasons for the newfound bullishness, more modest expectations
about shale growth is certainly one of them.
Not exact matches
As for Schlumberger, investors appear jittery
about the stock, in part because the world's supplier of oilfield equipment has less exposure to the lucrative
shale market ---- the biggest near - term driver for sales ---- than competitors.
The pace of oil and gas production gains has consistently surprised forecasters since horizontal drilling and hydraulic fracturing, better known as «fracking», were pioneered in U.S.
shale rock formations
about ten years ago.
Ahead of the deal, however, Nigeria's oil minister had insisted the group was «aligned» and was in agreement
about extending the cuts, despite the risk of a strong comeback by U.S.
shale oil producers.
Production from
shale has helped keep a lid on crude oil prices at
about $ 120 a barrel, giving western countries leverage to impose sanctions on Iran, a key supplier.
World oil demand is
about 90 million barrels a day, suggesting the world
shale oil resource covers 10.5 years of consumption.
When asked if he was worried
about U.S.
shale producers ramping production and eclipsing the recent international cuts, Novak said, «Undoubtedly the joint action by many countries to achieve the balance and to reduce the output are aimed at giving stability to the market and as a result we see a great level of investment, lower volatility, prices stabilizing at a certain level, which does play out to move investment going into
shale production so one needs to assess the overall supply and demand balance.»
And with growth slowing in the Marcellus and Utica
shales as demand increases, one could get quite optimistic
about higher prices.
As I talk to Harbir Chhina [an executive vice-president at Cenovus], he's way more worried
about huge
shale plays in Texas than he is
about not getting a pipeline built.
Think
about the disruption being caused by electric and autonomous cars in automotive; by regulatory challenges in banking; by
shale resources in oil and gas; and by a groundswell of public dissatisfaction in political institutions, to name just a few.
- Continental Resources» (NYSE: CLR) Harold Hamm has said the EIA is overestimating U.S.
shale production, arguing that the industry will only grow production by
about 500,000 bpd this year instead of the 1 mb / d that the government agency forecasts.
The Permian
shale play is all
about setting records.
Among commodities, oil prices moved higher as fears
about rising US
shale production abated somewhat, and market participants began giving more weight to the effectiveness of supply cuts by members of the Organization of the Petroleum Exporting Countries and several other large oil - producing countries.
Shaken by
shale oil production in the United States, softening demand from China and Europe, and rising global concern
about climate change, Canada's tar...
A final investment decision has been made to move forward with a 1.9 Bcf / d pipeline being jointly developed by Kinder Morgan, DCP Midstream and Targa Resources that would allow more
shale gas to move from the Permian Basin to the Texas Gulf Coast after the project secured long - term shipper commitments for
about 85 % of its capacity, the companies said Thursday.
America's
shale gas production is
about to surge 12 percent.
But the important question is
about future Chinese gas demand: how much is satisfied by pipeline deals and how much is satisfied by domestic production, which could include
shale gas?
That said, the simple average of Saudi / Russian breakeven would be
about $ 14, a number which can only go higher, while U.S.
shale breakeven is declining significantly, with production also growing significantly.
As Warren Buffet warns
about company's stock prices that have debt, as in many
shale oil producers, the capital to ramp up
shale may be limited in the near term.
I was concerned in several conversations, with me undertaking most of the listening,
about the prospect of a sharp oil price tag spike, if the Opec exporters» cartel, getting broken US
shale producers by dragging prices down, starts off limiting source as soon as much more.
Investors have avoided energy names due to concerns
about oversupply — both near term, as U.S.
shale producers ramped up and inventories soared, and long term, due to the popularity of electric vehicles and alternative clean energy sources.
Given that concerns
about an oil and gas supply crunch in the future due to near - term underinvestment are globally rising, Japan should continue to highlight the importance of engagement in
shale - related projects from a long - term perspective.
Yet, such assumptions are exactly how U.S.
shale drilling is being talked
about in the minds of non-geologists who want to hype stocks and use patriotic terms like «energy independence.»
But in a major shift away from the previous Saudi - led policy of maintaining production to squeeze high - cost US
shale - oil producers, OPEC countries agreed to target a lower level of 32.5 — 33.0 million barrels a day, although there was some skepticism
about the absence of details on which members would curb output and by how much, which were delayed until the next meeting in November.
The fossil record includes the Stromatolites, colonies of prokaryotic bacteria, that range in age going back to
about 3 billion years, the Ediacara fossils from South Australia, widely regarded as among the earliest multi-celled organisms, the Cambrian species of the Burgess
shale in Canada (circa — 450 million years ago) the giant scorpions of the Silurian Period, the giant, wingless insects of the Devonian period, the insects, amphibians, reptiles, fishes, clams, crustaceans of the Carboniferous Period, the many precursors to the dinosaurs, the 700 odd known species of dinosaurs themselves, the subsequent dominant mammals, including the saber tooth tiger, the mammoths and hairy rhinoceros of North America and Asia, the fossils of early man in Africa and the Neanderthals of Europe.
Yet we now know
about nuclear energy policy;
shale gas exploration; grammar schools; housing plans; a race equality audit.
As for other UK basins said to hold large quantities of
shale gas, like those containing the Carboniferous Bowland
Shale in Lancashire and West Lothian Oil
Shale in Scotland, they went through an additional previous episode of deformation
about 290m years ago.
Gillibrand, a resident of Greenport in Columbia County, said that while Marcellus
Shale gas would provide an economic shot in the arm, she doesn't want to support hydrofracking until she has answers to questions
about the process of pumping chemicals under intense pressure into the
shale formation.
Hydro - fracking is not just
about drilling into the ground, but running hugely powerful diesel engines to create the necessary pressure to fracture the underground
shale as well as fleets of heavy duty trucks criss - crossing rural and scenic roads carrying heavy equipement and toxic by - products, including uranium.
Making fracking easier Extracting
shale gas from the ground requires some genuine political courage, because there's deep suspicion across the country
about what the process of hydraulic fracturing actually involves.
David Cameron claims there is a «huge amount of myths»
about fracking and a «far better job» is needed to tell people
about the benefits of
shale gas extraction.