Posted on 08/08/2017 10:01:26 AM PDT by ckilmer
Where’s Ellis Wyatt?.......................
Ok I’ll bite. Who is Ellis Wyatt?
Atlas Shrugged.
>>Ok I’ll bite. Who is Ellis Wyatt?
Who’s John Galt?
Haven’t heard those idiots over at the DUmp talking about ‘peak oil’ lately, I wonder why?
“The Marcellus Formation (also classified as the Marcellus Subgroup of the Hamilton Group, Marcellus Member of the Romney Formation, or simply the Marcellus Shale) is a Middle Devonian age unit of marine sedimentary rock found in eastern North America.
Named for a distinctive outcrop near the village of Marcellus, New York, in the United States,[3] it extends throughout much of the Appalachian Basin.[4]
The shale contains largely untapped natural gas reserves, and its proximity to the high-demand markets along the East Coast of the United States makes it an attractive target for energy development and export.[5]
Stratigraphically, the Marcellus is the lowest unit of the Devonian age Hamilton Group, and is divided into several sub-units.
Although black shale is the dominant lithology, it also contains lighter shales and interbedded limestone layers due to sea level variation during its deposition almost 400 million years ago.[6]
The black shale was deposited in relatively deep water devoid of oxygen, and is only sparsely fossiliferous. Most fossils are contained in the limestone members, and the fossil record in these layers provides important paleontological insights on faunal turnovers.
The black shales also contain iron ore that was used in the early economic development of the region, and uranium and pyrite which are environmental hazards. The fissile shales are also easily eroded, presenting additional civil and environmental engineering challenges.”
https://en.wikipedia.org/wiki/Marcellus_Formation
A barrel of oil is equivalent, in energy content, to about 6000 cubic feet of natural gas. Hence 66 trillion cubic feet of gas is equivalent to around 10 billion barrels of oil, dwarfing the recoverable liquids.
A barrel of oil is equivalent, in energy content, to about 6000 cubic feet of natural gas. Hence 66 trillion cubic feet of gas is equivalent to around 10 billion barrels of oil, dwarfing the recoverable liquids.
Ok, if your point is that the shale oil is expensive to drill & bring to Market I agree. But BP seems to making progress on that score.
http://www.bp.com/en_us/bp-us/media-room/press-releases/bp-makes-discovery-in-mancos-shale.html
Nat gas can keep you warm, but it doesn’t plant food or ship it to your grocery store shelves.
Only oil does that.
Drill it, process it, and sell it.
No point being made, just the coincidence of Colorado shale oil extraction and Wyatt’s character in Atlas Shrugged........................
Drilling it or Minding it would P.O. Al Gore, O’Bama, all the Greenies, and all the environmentalist. So, DRILL & Mine NOW!
The supply of energy to be extracted from the earth is still a vast magnitude greater than even the most avaricious dreams of mankind.
And you want to know another little secret of nature, dear readers?
The earth is continuously forming methane and other hydrocarbons down in that zone between the mantle and the stony surface crust, which is known as Mohorovicic Discontinuity, or the Moho. With greatly heightened temperatures and considerable pressure, many reactions are going on here, that could not happen at surface temperatures and pressure conditions. By what is called abiotic generation, with no known assist from fermenting dinosaur soup or sunken primeval swamps, the various hydrocarbons are being formed and continuously modified in this specific depths, which varies from 8 km below the surface, in most ocean depths, to more than 32 km down under the highest reaches of terrestrial mountains, and are a natural function of the vast collection of different stew pat cookers in various parts of the world..
Fertilizer Made with Natural Gas Is Lifting Our World: http://naturalgasnow.org/fertilizer-made-natural-gas-lifting-world/ Gas as fertilizer feedstock Natural gas is a key source of fertilizers in the form of ammonia and urea. http://petrowiki.org/Gas_as_fertilizer_feedstock
*thumbs up*
I came in just to post that joke.
MARCELLUS WALLACE! DO HE LOOK LIKE A BITCH?
maybe so but this article that talks up BP’s work also points to the difficulties of getting natural gas out of the Mancos. https://www.bloomberg.com/news/articles/2017-08-07/little-known-new-mexico-shale-play-gives-bp-big-time-results
So transport & distance from market is a real life issue as well.
As it happens there is a new natural gas pipeline from the Mancos shale that was supposed to go out to Oregon. I believe that the pipeline is currently on hold as Oregon has stopped the terminal there.
http://www.mailtribune.com/news/20161209/ferc-upholds-denial-of-pipeline-through-oregon
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