Posted on 05/22/2014 5:46:52 AM PDT by thackney
Does it matter, Thackney?
Would they have gone after the oil in California anyway?
Drilling in California is not necessary. Leave them to their enviro lunacy and eventual bankruptcy.
So the Sierra Club got their people inside to write this report.
A great tactic to use against shale oil production.
Clever; we need to fight the same way.
Estimates for oil drop by 96% between scientific studies. This is the study of rock, geology, and current drilling technology and economics, all solid, measurable, and with not much variation over the short run.
In contrast, the global warming is “settled science”, “the debate is over”, on a topic where even the key drivers of temperature are being debated, where previous forecasts have proven totally worthless, and where the role of the sun seems to be barely looked at. And people wonder why the “deniers” laugh at the warmists’ efforts to suppress the debate!
We won’t. We never do. Anyone who tries is called out for being a meanie by both sides...
The same group of people increased the Bakken and Eagle Ford oil field reserves.
We don’t need to create false reports. We don’t need to discount reports because they don’t meet our dreams.
Somebody inflated the numbers so that somebody could make a quick buck off of investors or grants, methinks.
I suspect political chicanery
There has definitely been a lot of hype based upon what might be accessible in the ground versus what was actually being brought up from the same play for a few years.
Given the lack of success hydraulic fracturing had been in producing the Monterey, companies have been trying other methods to get production high enough to meet the cost for the field.
‘Acidizing’ oil wells — bigger than fracking?
http://fuelfix.com/blog/2013/08/12/acidizing-oil-wells-bigger-than-fracking/
August 12, 2013
nyone following the spread of fracking in California should check out an interesting — and frustrating — report this week from former San Francisco Chronicle journalist Rob Collier.
It’s about “acidizing,” an oil production technique that involves pouring large amounts of hydrofluoric or hydrochloric acid down wells. Collier argues that it could be more effective than hydraulic fracturing as a way to unlock the Monterey Shale, an immense rock formation beneath central California that could hold more than 15 billion barrels of oil.
Can anyone believe any numbers the land-grabbing government produces?
The same group has been increasing the oil reserves in the Bakken and Eagle Ford, as well as others.
” - - - The U.S. Energy Information Administration (EIA) - the statistical arm of the Department of Energy - - - “
Do you have a typo? The correct term is the PROPAGANDA Arm, not the statistical arm, based solely on post mortems of their previous public estimates.
[Keep in mind that this IS an official estimate by the Keystone Cops, US Federal Government, proud provider of the VA Hospital and Obamacare failed money pits.]
BTW, will the Chinese, Nancy Pelosi, Harry Reid, AG Holder, POS Obama and Jerry Brown be forbidden to bid on the soon to be decreased mineral rights value of the Monterrey Shale acreage?
Either bad science (estimates are worthless) or politics (screw the estimates) at work here. Wish I knew which.
The initial reserves estimate was criticized by many as unsupported by data from the drilling that was going on.
Unlike other shale deposits around the country, the Monterey Shale is more uneven and the oil is buried deeper. Some companies have used hydraulic fracturing, which pumps massive amounts of water, sand and chemicals to break up rock formations, with mixed success.
“From the information we’ve been able to gather, we’ve not seen evidence that oil extraction in this area is very productive using techniques like fracking,” John Staub, an analyst who led the energy agency’s research, told the Times.
The original estimate in 2011 was done by Intek, a Virginia-based engineering company.
The company’s work “was very broad, giving the federal government its first shot at an estimate of recoverable oil in the Monterey Shale. They got more data over time and refined the estimate,” Intek senior associate Christopher Dean told the newspaper.
http://fuelfix.com/blog/2014/05/21/estimate-of-recoverable-monterey-shale-oil-slashed/
I understand the cline isn’t doing well either.
I always put all my faith in government.
Is a sarc tag really necessary?
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