Posted on 02/16/2012 8:20:26 AM PST by Gritty
A funny thing is happening on the way to the clean energy future–reality is setting in. There is ‘incontrovertible evidence’ about the economic growth and job creating effects of America’s unconventional oil and gas production boom – more than 600,000 jobs directly attributable to shale gas development. Even President Obama is praising the job creating benefits of ‘America’s resource boom’. America is getting its energy mojo back and that is good news but not the entire story.
How Much Shale Gas is there in the United States? In July 2011 US EIA released a [Review of Emerging Resources: US Shale Gas and Shale Oil Plays produced by INTEK. This is an updated assessment of onshore lower 48 states technically recoverable shale gas and shale oil resources. The assessment found the lower 48 states have a total 750 trillion cubic feet of technically recoverable shale gas resources with the largest portions in the Northeast (63%), Gulf Coast (13%), and Southwest regions (10%) respectively. The largest shale gas plays are the Marcellus (410.3 trillion cubic feet, 55 percent of the total), Haynesville (74.7 trillion cubic feet, 10 percent of the total), and Barnett (43.4 trillion cubic feet, 6 percent of the total).The INTEK assessment was incorporated into the Onshore Lower 48 Oil and Gas Supply Submodule (OLOGSS) within the Oil and Gas Supply Module (OGSM) of NEMS to project oil and natural gas production for the Annual Energy Outlook 2011 (AEO2011) to provide a starting point for future work.
Total US recoverable natural gas resources (includes conventional, unconventional in lower 48, Alaska and offshore) totals 4.244 quadrillion cubic feet according to the Institute for Energy Research:
• Enough natural gas to meet US electricity demand for 575 years at current fuel demand for generation levels
• Enough natural gas to fuel homes heated by natural gas in the United States for 857 years
• More natural gas than Russia, Iran, Qatar, Saudi Arabia, and Turkmenistan combined.
The US has Three Times the Proven Reserves of Saudi Arabia in Shale Oil. Global oil shale resources exceed 10 trillion barrels. More than 1.8 trillion barrels of oil are trapped in shale in Federal lands in the western United States in the states of Colorado, Utah and Wyoming, of which 800 billion is considered recoverable–three times the proven reserves of Saudi Arabia. The INTEK assessment for EIA found 23.9 billion barrels of technically recoverable shale oil resources in the onshore Lower 48 States. The Southern California Monterey/Santos play is the largest shale oil formation estimated to hold 15.4 billion barrels or 64 percent of the total shale oil resources followed by Bakken and Eagle Ford with approximately 3.6 billion barrels and 3.4 billion barrels of oil, respectively...
(snip: more at the Link)
So how much are you paying per KW ?
So how much are you paying per KW ?
I'm hoping for $6 myself.
That would give the GOP a solid majority and a real chance to unwind the Ubama criminality.
bttt
Obama is going to have a very difficult time shutting this down, despite his intentions. All of the Dems on a state and local level in the Northeast have already spent the additional revenue streams planned to come from this. Even Andrew Cuomo will be forced to come around eventually. If Washington Dems try and shut this down they will blow open a major chasm with state and local Democrat parties.
You should still begin to see some relief in your gas prices as NFG, RE&G, NYSEG, etc. buy their gas on the open market (that doesn't mean I'm content with New York's no-fracking stance.) In the rural areas, most of us heat with fuel oil and that's up 60¢/gallon over last year. The only thing saving us this year has been the unusually mild weather.
By next year this time, I hope zero's out of the WH and oil prices are headed down.
Running cars on Natural Gas is something that has been around for a very long time. I saw it in Canada ca. 1990 and I’m sure it probably goes back way farther than that. I wonder why we’re wasting time and effort on stupid golf cart cars and just kick off an effort to fit (or retrofit) cars to run on NG?
Peak oil! OMG! Peak oil! We don’t have enough oil to last more than 20 years!
I’ve been hearing this since 1970 and it has only gotten much worse lately. Back in the 2008 manipulated oil bubble you heard it here every single day.
I’m going to bitch slap the next person who says we are running out of oil.
And O just kicked Keystone Pipeline to the curb. Moreover this country has not built processing plants to increase capacity in ages. Now that fracking and other things are under fire count on this to suffer the same that coal has.
Do not kid yourself, with the dims in control they will drive us back to the stone age
I hate to brag but here in Texas, I am paying 7.8 cents per kWh.
We've been hearing about how oil shale is going to supplant petroleum for almost 150 years now.
The answer's obvious: The eco-freaks don't want anything to do with vehicles that run on fossil fuels. Of course, they conveniently ignore that the electricity to recharge the expensive yet inefficient batteries* mostly comes from fossil fuel generating stations (coal or natural gas).
(* Eric Bolling of Fox News Business reported he was give a Chevy Volt to try out. It took 8 hours to charge the batteries and they crapped out in a Hudson River tunnel while on his way to work. His only praise was the smooth transition to gasoline power when the batteries died.)
Happy to pay that price if it means getting rid of Obama.
http://www.kgoam810.com/Article.asp?id=2068523&spid=33179
Send an email to the White House at the following link: http://www.whitehouse.gov/contact
-or-
The White House Fax (most effective) is: 202-456-2461
Dr. Bill Wattenburg
www.wattenburg.us
January 2, 2011
To: President Barack Obama
Subject: Easy way for you to drop gas prices to $2 a gallon for American workers. Otherwise, they will soon be paying for $5 gas -— and blaming your administration.
Mr. President:
Here is an all-win, no-lose, plan that will please the country and stop the blackmail from foreign oil suppliers. The outrage of $5 gas is coming soon - probably next year. It will wipe out the recovery and your administration in the next election. It must be stopped. Challenge the foreign oil suppliers with America’s most abundant and cleanest transportation fuel, NATURAL GAS. We can still use all the ethanol our farmers can make in dual-fuel cars. Conversion to natural gas cars sounds like a long and expensive transition. Not at all! You don’t need to force anyone. All you need to do is start the ball rolling. And there is a clever way to do that without any government subsidy, believe it or not! Nationally known and syndicated financial expert Bob Brinker came up with the deceptively simple, genius idea described below.
Mr. President, please sign a simple executive order tomorrow that says that all federal vehicles purchased after, say, January 1, 2012, must run on NATURAL GAS as well as other fuels such as gasoline, diesel, or ethanol. Such dual-fuel vehicles are already being used by smart companies all over the country. No new design or technology is needed. (Federal agencies can op out for a while if they have no easy natural gas supply.)
Why does this work? The federal government is the biggest purchaser of new vehicles. The automakers already supply tens of thousands of cars that run on natural gas or gasoline (or ethanol) for utility companies and taxis companies all over the country who gladly pay a higher price for these dual-fuel vehicles because their fuel costs are reduced. With the enormous federal government market for natural gas vehicles, car manufacturers will quickly make natural gas cars and light trucks available to everyone at no big price increase over conventional gasoline cars. Natural gas is available in almost all urban areas where most of the commuting is done. It is easy to fuel natural gas cars at home. But this initiative does not force any private citizen to buy natural gas/dual-fuel cars.
1. Natural gas is the only significant “alternative transportation fuel” that will be available over the ten to twenty years. And it is available everywhere, right now!
2. Dual-fuel natural gas+gasoline(or ethanol) cars will suddenly be available to the general public at no increased cost. Car makers now deliver them for utilities and Taxis.
3. The middle east oil countries know how much natural gas we have. They are terrified that we start using it and less of their oil. They will bring the price of gas down to $2 a gallon and keep it there to discourage our conversion.
This is a all-win, no-lose initiative for you. All you have to do is sign a piece of paper. Any agency that does not want to buy natural gas, dual-fuel vehicles can op out. But your executive order alone will cause foreign oil suppliers to think twice about blackmailing the U.S. for oil. It tells them where we are going — and that we will not need their oil in ten years or so.
The biggest worry for the foreign oil suppliers is that we will start using our enormous natural gas supplies, now estimated to supply the U.S. more than 100 years. The price of gasoline will drop to $2.00 per gallon or less – even before we convert large numbers of our vehicles to natural gas. American workers – and the economy — will applaud you.SIMPLY ANNOUNCING A REAL U.S. GOVERNMENT INITIATIVE TO USE NATURAL GAS FOR TRANSPORTATION FUEL WILL BRING THE PRICE OF CRUDE OIL DOWN BELOW $50 A BARREL.
I'm sorry but your are greatly misinformed. We are building and have been build natural gas processing plants like crazy. I've been on construction sites myself as well as several friends.
My brother in central PA pays about $.05/KW because of all the coal fired plants around there.
I understand the language can be confusing as the media refers to oil from shale as shale oil. But this process is not about the old retorting shale to produce kerogen to create a synthetic crude.
This article is discussion producing oil that is already separated from the shale and can be produced with only drilling and pumping. What has changed is the ability to effectively use steerable horizontal drilling with hydraulic fracturing to open up the relatively narrow bands within the tight rock.
This isn't theory. It has been in production for years and has already produced significant increases in oil production.
We have a ways to go, but with this technology and a few states reasonable in the regulations, we have reversed the declining trend of the US oil production.
Hope there is not another "Black Monday" in the offing.
In-situ is still a method of retorting shale, just doing it below ground, to release the kerogen to make synthetic crude with further processing.
Although frequently called shale oil, due to the shale being the source rock, plays like the Bakken, Eagle Ford and in the Permian Basin are producing actual crude oil that is already released from the shale.
Depending on how much detail you want, other sources of info:
https://www.dmr.nd.gov/ndgs/bakken/bakkenthree.asp
http://www.rrc.state.tx.us/eagleford/index.php
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