I have seen this spoken about going back to the nineties, it has always been spiked and ridiculed in the past.
Was it really Churchill that personally switched the Royal Navy from coal to oil?
Or was it simply inevitable after Rudolph Diesel invented his engine? Diesels were smaller, more powerful, safer, and more versatile than steam engines, so if England wanted to keep up with Germany, the choice was a natural one.
This energy is too expensive.
Today, it costs about $50 per million BTUs to extract natural gas from undersea methane hydrate.
U.S. natural gas costs $4.2 per million BTUs.
Oil comes from the earth. Carbon + Pressure + Heat result in different substances: coal, oil, diamonds, etc. Who said this process is going to stop? Al Gore? This process is not going to stop any more than politicians are going to control the activities of the sun. Is this the main reason for dumbing-down our schools? So the populace will be more vulnerable to hoaxes?
CHK had made some really bad land deals and the former CEO Aubrey (forget his last name) always had his weinie in the soup making sweet deals for himself. Range Resources, albeit not the largest player is doing well.
I live in the Marcellus region. Drilling has slowed due to low gas prices and also because the pipelines and compressor stations can’t keep up with the drilling. Marcellus is mostly a dry gas. Utica is a wet gas that has a lot of other valuable substances in it. The drilling in the Utica area (eastern Ohio, and West Virginia is going strong. CNX and Shell being 2 of the major players.
Back in college my Pet/Nat gas Engineering buddies would laugh when someone called oil a fossil fuel. They said back then (1978) that the world would never run out of oil, the earth makes it faster than we could ever use it.
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You might enjoy this, although it’s long. Any criticism would be appreciated.
Your green energy bankruptcy of the day: SoloPower of Oregon
Meet Barack Obamas GreenTech connection
Global Warming on Free Republic
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