Sentences with phrase «like oil shales»

«The goal of Sapphire is to produce a crude product that can be introduced into the existing crude stream for production costs that are similar to other new opportunities like oil shales, oil sands, and even deep, deep water drilling,» Jason Pyle, Sapphire's chief executive said in an interview.

What the CTL folks are doing — just like the oil shale and tar sands folks are doing — is trying to find a way to keep supplying energy to a business - as - usual model in a world of rapidly rising energy demands.

Based on Obama's journey to China, it looks like the oil shale contingency is already on the Federal budget.

Not exact matches

Other analysts, like economist Nouriel Roubini, argued that cheap oil would last just a year or 18 months before producers like Saudi Arabia had successfully flushed out higher - cost competitors like shale producers here in the U.S.

More bountiful still is oil shale, a type of heavy oil that lies between layers of rocks like North Dakota's shale - oil but requires oilsand - like extraction and upgrading techniques.

Advances in horizontal drilling and hydraulic fracturing over the past 20 years led to a U.S. energy boom in «unconventionals,» a category that includes the shale gas and «tight» oil found in shale fields like the Cretaceous Eagle Ford and Mowry and older ones like the Barnett and Bakken.

The recent oil shale boom was powered mostly by small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water drilling and Arctic exploration.

The looming supply growth is mostly due to two factors: the scheduled end of OPEC / non-OPEC production cuts in March and US shale production, including NGLs, «growing like crazy,» said New York - based Mike Wittner, managing director and global head of oil research at Societe Generale.

Credit distress is rampant among energy companies, which borrowed heavily against the promise of shale oil and gas extraction and are now reeling from what looks like a prolonged price crash.

However, oil prices have been dropping like hot potatoes, almost 30 %, and with that energy stocks are tanking in unison and singing songs with same tune, along with drilling and exploration companies for shale oil or natural gas.

Saudi Arabia is likely to continue its policy of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale frackers curtail output, Kilduff said.

While the market benchmark remains West Texas Intermediate crude delivered in Cushing, Oklahoma, there has been a surge in trading of futures contracts tracking the price differences between WTI and oil sold in Gulf Coast ports like Houston and the Permian shale fields near Midland, Texas.

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

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.

Despite the international shale oil boom extracting natural gas with hydrofracking technologies, which most electric utilities, including the local ones, supply to customers as a major part of their power supply, the shift away from petroleum dependency has made remarkable progress in recent years through strategic incentives like the one which prompted this vote in Olive.

The numbers aren't perfect — they don't fully reflect the recent surge in unconventional energy sources like shale gas, and they don't accurately reflect coal reserves, which are subject to less stringent reporting requirements than oil and gas.

Tar Sands Environmental Destruction Not Worth It At the risk of sounding flippant, sounds like too little too late: I'll stand by the WWF's assessment that the economic and environmental costs of continuing to develop tar sands and oil shales — in energy speak «unconventional fuels» — are simply unthinkable.

With regard to difficulty, some parallels with other inefficient ideas like shale oil (tar sands), biofuels (particularly from corn), and on the way - out fringe, the moon and mars.

It certainly seems reasonable to imagine we do lack the kind of self - control needed to use just enough of the shale oil, gas and tar to pay for the climate - and - democratic transition I describe, but I think this is a bit like the dieter who believes he must stop eating almost all food to lose weight at all.

In fact, even to reach that level would require exploiting resources like tar sands and oil shale that are not only environmentally problematic but also expensive to process.

The advent of US shale oil was also disastrous, lowering the price of crude oil that is the benchmark upon which other forms of energy are judged, and having consequences like knocking the bottom out of the coal market, so coal began again to compete with renewables.

If you consider the total energy supplied to the human system, the biggest energy innovation of the last 20 years is probably the ability to economically recover unconventional petroleum sources like tar sands oil and shale gas.

And that figure didn't include unconventional sources like tar sands, oil shale and methane hydrates»

As recoverable oil reserves dwindle, there will be increasing pressure to convert coal to liquid fuels as well as exploit unconventional fossil fuels like methane hydrates, tar sands, and oil shale.

In North Dakota, where oil drillers lack the equipment and pipelines to capture the gas that accompanies extraction of crude, the practice of flaring off the methane lights up some areas over the Bakken shale like big cities at night.

Also known as «shale oil,» tight oil is processed into gasoline, diesel, and jet fuels — just like conventional oil — but is extracted using hydraulic fracturing, or «fracking.»

Found in limestone and shale deposits, tight oil isn't extracted from wells like conventional oil, but is removed with hydraulic fracturing, or «fracking» — a process that also releases methane, a potent greenhouse gas.

Low oil prices will incentivize the rapid transfer of what has been learned refracking shale gas plays for use in more liquids - rich plays like the Bakken and Eagle Ford.

There are rules that can be applied like replacing less efficient fuels (in terms of energy per CO2 released) like coal with more efficient ones like natural gas, and never switching towards less efficient fuels like shale oil from more efficient ones like regular oil.

None of the models presented at the session included carbon dioxide emissions from unconventional fossil fuels like tar sands, methane hydrates or oil shale.

But for potential foreign purchasers of that oil, the key question is how much extra it will cost to extract the dirty compounds in Alberta bitumen so that its quality matches export oil being produced at high - grade, low - cost US shale formations like the Bakken, Permian, and Eagle Ford.

Over the last two decades, global warming activists succeeded in slowing the development of the oil sands, blocking major pipelines like Keystone XL, phasing out coal plants and banning shale gas and oil projects.

Lawrence Solomon: Over the last two decades, global warming activists succeeded in slowing the development of the oil sands, blocking major pipelines like Keystone XL, phasing out coal plants and banning shale gas and oil projects.

«Using tar sands and oil shale as energy sources while ignoring climate disruption, air pollution, water pollution, resource depletion, and conservation measures is like pissing in the wind.»

Fully implement his Executive Order 13514 requiring all resource management agencies to fully consider climate pollution, like they do other types of pollution, prior to leasing or exporting onshore and offshore oil, gas, coal, and unconventional fuels sources such as oil shale and tar sands.

The question is whether shale oil and unconventional techniques like fracking can unleash a new California oil boom.