key comments
the current drilling process is prohibitively expensive for most interested parties, ranging from $5 to 20 million depending on the depth desired.
Mark Russell, CEO of Hypersciences, wants to change that. His method? Repeatedly firing projectiles into the Earth’s crust, which Russell claims is ten times faster than traditional drilling. He received a patent last year for his projectile-based system, and was recently funded about one million dollars by Shell’s GameChanger program to continue his research, according to GeekWire.
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the question is does this translate to 1/10 the costs. If so this could easily be transferrred to the oil drilling business to bring down their costs significantly and in a timely way if this technology came onstream in five years.
background on hyperscience.
http://www.geekwire.com/2015/space-engineer-mark-russell-has-a-plan-to-harvest-energy-from-the-earth-using-rockets/
Nonsense.
They don't just need a hole. They need a borehole with the material removed, not the material jammed into the sides so tightly than nothing will flow out. That defeats the whole purpose in having a well.