Beam Me to Planet Gore !
Posted on 12/22/2009 5:25:03 PM PST by Kaslin
Energy: An oil company wants to invest its profits in clean-burning American natural gas. A Hungarian billionaire and a "green" politician want to stop it. This is the real Climate-gate scandal.
While the greenies of the world united in Copenhagen to talk about the weather, emitting a Third World-country-size chunk of greenhouse gases to gather there, the world's largest oil company, Exxon Mobil, was doing something about it.
On Dec. 14, Exxon agreed to buy XTO Energy, a natural gas firm, in a deal valued at $41 billion. XTO is one of the leaders in something called "fracking" technology, in which water, sand and additives are pumped into the ground to unlock trillions of feet of natural gas previously thought to be unobtainable.
This is what energy companies really do with their profits. They find more energy, then sell it to you.
While the technique is not new, the technology exploiting it is.
XTO has helped develop new technologies that let it drill a single well 9,000 feet and then bore horizontally through shale formations to unlock the natural gas trapped in the porous rock. The rock is fractured and the gas is pushed into accessible pockets whence it can be extracted with a minimal surface footprint.
Because of these new technologies, it is estimated that the U.S. sits on 83% more recoverable natural gas than was thought in 1990.
(Excerpt) Read more at investors.com ...
I hate to be a conspiracy theorist, but I’ve always wondered what sort of payback we got for taking out the UN ‘Oil for Food’ scam.
I’m not aware of a full public accounting of what was uncovered after the take over of the Oil Ministry, nor any investigative journalism on the subject.
watermelon wrath. That’s probably what we got for it.
We have more Oil and Gas in the US than you could ever imagine. I worked in the Oil Field in the 70’s when jimmy carter implemented his No more Oil plans. We were forced to shut down 1/2 the wells we operated in Colorado and reduce output on the rest.
We could be Self Sufficient in 10 years if we started today. We don’t need a single drop from any other country, We only need to get rid of the marxist econuts along with the Rat Politicians that buy into most of this CRAP.
It would make too many good paying jobs for obamonomics.
Mary Christmas
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Add to the natural gas off the coasts and Alaska, and we don't need a drop of energy anywhere else. We could run on cars on NG and use nuclear for power to homes and buildings.
I DEMAND that republican Senators object to every perfunctory request made by this jack ass on the floor of the Senate from now til dooms day!! No damned mercy. Merry Christx you bag of crap.
Hope you have a Frackin' Gas on your FReepin' Anniversary!
Cheers!
...oh, and Merry Christmas.
Ed Lasky is news editor of American Thinker.
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Well said, and thanks for the info.
Re: well completion with hydraulic fracturing techniques
Good resources for detailed information on what is happening and the US oil and gas industry response can be found at:
1. Citizens Alliance for Responsible Energy at http://www.responsiblenergy.org/
2. IPAA Fact Check on Hydraulic Fracturing at http://www.ipaa.org/news/fact_checks/2009/2009-12-18_2.php
3. API article on Hydraulic Fracturing at http://www.api.org/policy/exploration/hydraulicfracturing/index.cfm
“Even though America has abundant natural gas resources, most cannot be produced without this technology. Studies estimate that up to 80 percent of natural gas wells drilled in the next decade will require hydraulic fracturing.”
In Northeast PA deep well drilling is at a standstill because the Delaware River Basin Commission will not permit any wells out of concerns for the water for NYC. NYC, however, is so casual about its water supply that the town of Wawarsing, NY which is unfortunately situated on top of one of NYC’s aqueducts is drowning due to leaks of up to 36 million gallons of water per day.
Now it takes a few million gallons of water (some of which can be reclaimed) on a one time basis for each deep shale natural gas well. By my calculations, ALL THE WATER needed for ALL POSSIBLE WELLS in the DRBC area of influence could be drilled with the water that leaks from NYC’s aqueduct over a few months time.
Folks make a big issue of the “chemicals” that are in fracking fluids. One of those is hydrochloric acid (which is what your stomach makes). A recent HCl spill connected with drilling was neutralized by dumping lime (think Tums with calcium) on it. The bore holes go down over a mile usually while the typical water well is in a completely different shallow layer - - less than 500 feet deep.
Also fracking is used in drilling water wells and has been for years.
drilling
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