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The California Shale Bubble Just Burst
Real Clear Energy ^ | May 21, 2014 | Nick Cunningham

Posted on 05/22/2014 5:46:52 AM PDT by thackney

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To: morphing libertarian

Not to mention, the industry pays far more in taxes and fees than it receives in services.


61 posted on 05/22/2014 9:14:33 AM PDT by thackney (life is fragile, handle with prayer)
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To: oldbrowser

China town......


62 posted on 05/22/2014 9:15:58 AM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: thackney
Fracking involves enormous quantities of water; an average of 127,127 gallons of water were required to frack a single California well in 2013, according to the Western States Petroleum Association. That's equivalent to 87 percent of the water a family of four uses in an entire year.

Compared to the water used to feed that family it is a drop in the proverbial bucket.

63 posted on 05/22/2014 9:41:35 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: thackney

Depends on the well. And any water produced after initial chemicals recovered is salt or brine water. Not a big deal.


64 posted on 05/22/2014 9:43:36 AM PDT by DainBramage
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To: thackney
Water must be clean. Any biologicals introduced would plug up the holes and reduce the oil from moving into the well bore.

Do they chlorinate it? The reason I am asking is that my understanding is that bacteria 'polymerize' methane into oil in the first place; hence, we don't want to be killing those in situ.

65 posted on 05/22/2014 9:48:11 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: thackney

-— The production from the field is going to push it all back out.

That makes sense.

-— Where hydrofrac water is left in the ground is the disposal of the water along with produced water during production. It is injected into deep formation, but this is not an injection into a producing well. -—

I thought the fracking water was held in a retention area and later reclaimed. Is injecting it into an inactive well the normal means of disposal?


66 posted on 05/22/2014 9:49:58 AM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Carry_Okie

bacteria ‘polymerize’ methane into oil

False. Some bacteria breaks down oil into components. I don’t see it going the otherway.

Fracturing Fluid additives:
http://energyindepth.org/docs/frac-fluid.pdf


67 posted on 05/22/2014 9:53:12 AM PDT by thackney (life is fragile, handle with prayer)
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To: morphing libertarian

“Decision to invest is private concern not government.”

I tend to agree.

I am obviously no expert in these (water, petroleum, etc.) industries. In the past, I might have assumed that an industry in America was largely free market. Now my general assumption is that an industry is significantly regulated.

I’m thinking about water access. I assume much water comes from government controlled dams. If I were in charge, I might charge everyone the same rate for a gallon of water and leave it up to consumers, farmers, heavy industry, and others to buy as much or as little water as they choose.

But I no longer assume that market allocation is the major way business is done in America. I suspect that committees meet to discuss and decide how to allocate water. These committees are influenced by political clout. As decisions have cash value, there is the possibility of corruption in the form of paying for policy, or using insider knowledge.

I have little problem with government paying for studies and making the results available for all. There are significant fixed costs in research, but the marginal cost of distributing it can be very low.


68 posted on 05/22/2014 9:53:14 AM PDT by ChessExpert (The unemployment rate was 4.5% when Democrats took control of Congress in 2006.)
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To: St_Thomas_Aquinas

I thought the fracking water was held in a retention area and later reclaimed.

Sometimes

- - - — -

Is injecting it into an inactive well the normal means of disposal?

Most often because it is the cheapest method of handling it.


69 posted on 05/22/2014 9:54:42 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

http://www.pnas.org/content/89/13/6045.full.pdf?origin=publicationDetail


70 posted on 05/22/2014 10:04:19 AM PDT by Carry_Okie (The tree of liberty needs a rope.)
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To: Carry_Okie

Junk

The same guy convinced NASA to spend a fortune prior to the first moon landing because he claimed the surface was so pounded into dust it would not support the wait of an astronaut or the lander. He claimed it would be like landing on water.

Lots of problems with the aboitic theory.


71 posted on 05/22/2014 10:08:29 AM PDT by thackney (life is fragile, handle with prayer)
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To: Carry_Okie

You might want to read through some of the links and information I provided on this thread related to the claims of aboitic oil formation.

http://www.freerepublic.com/focus/news/3048930/posts


72 posted on 05/22/2014 10:23:45 AM PDT by thackney (life is fragile, handle with prayer)
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To: dead

When liberals write about the environment, it’s time to pick your boots up off the floor. It gets deep quick.


73 posted on 05/22/2014 10:35:53 AM PDT by Amadeo
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To: oldbrowser

If you drive through the valley there are numerous signs about Boxer and Pelosi and congress in general “caused this dustbowl”.


74 posted on 05/22/2014 11:47:00 AM PDT by Rusty0604
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To: thackney
Here's the money quote:

"Our oil production estimates, combined with a dearth of knowledge about geological differences among the oil fields, led to erroneous predictions and estimates," he added.

Without knowing the differences in the geology of the formations, how could they even begin to make estimates?

How the Marcellus (predominantly shale derived natural gas play) could be equated with the Bakken (primarily a tight reservoir oil play) is beyond me.

If this is the sort of analysis going out there, one thing is certain: The idea of one-size-fits all rules for hydraulic fracturing should be DOA.

75 posted on 05/22/2014 11:56:26 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: thackney

“Some bacteria breaks down oil into components.”

Was this the “solution” to BP’s Gulf oil spill?


76 posted on 05/22/2014 12:25:47 PM PDT by ChessExpert (The unemployment rate was 4.5% when Democrats took control of Congress in 2006.)
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To: thackney; et al

Like any one can believe anything from this jivea$$ administration.


77 posted on 05/22/2014 12:26:29 PM PDT by S.O.S121.500 (Had ENOUGH Yet ? ........................ Enforce the Bill of Rights ......... It's the LAW !!!)
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To: ChessExpert

That was part of it.

http://www.scientificamerican.com/slideshow/gulf-oil-eating-microbes-slide-show/

http://www.usnews.com/news/articles/2013/04/08/study-oil-eating-bacteria-mitigated-deepwater-horizon-oil-spill


78 posted on 05/22/2014 12:28:07 PM PDT by thackney (life is fragile, handle with prayer)
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To: S.O.S121.500

This report has a better basis in science and real data than the initial over-estimated report.


79 posted on 05/22/2014 12:30:19 PM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

Thanks!

I have to wonder if the press will remember this the next time there is an oil spill.


80 posted on 05/22/2014 12:40:40 PM PDT by ChessExpert (The unemployment rate was 4.5% when Democrats took control of Congress in 206.)
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