Posted on 05/07/2014 4:13:25 PM PDT by ckilmer
People often ask how long we should expect the current boom in shale oil and natural gas that is happening in Texas and throughout much of the United States to last. The correct answer today will be some variation on the theme: "A very long time."
(Excerpt) Read more at chron.com ...
It’s my understanding that there is a second, deeper play beneath the formation currently developed.
From the article
................
“In the meantime, rapidly rising demand in China, Japan, India and the rest of the Pacific Rim is filling the void in U.S. imports, consuming all the oil the OPEC countries and Russia can produce. This all ensures the price of oil will remain healthy enough for the U.S. drilling boom to continue.”
Spindle top, the old big discovery is being re drilled as more was found below it.
All that needs to happen is something like this.
All that needs to happen is something like this.
................
I don’t disagree. In fact, I believe that’s going to happen. Just not in the next 5 years.
5-15 years out starts a whole new ball game.
All that needs to happen is something like this.
.................
I’m a bit believer in Joulle as well. In combination with the coal companies and a company like Sundrop Farms—they could keep the coal business model alive.
As it is solar is taking ever more people off the grid. fewer people on the grid means higher costs per person for the infrastructure. So coal electricity costs go up. Meanwhile, all the technological innovation is going into solar plus economies of scale are driving solar costs down.
The electrical generation companies currently have two test algae operations going but neither of them are joulle. they’re slow.
But there are other disruptors. The whole LFTR thorium group plus other nuclear designs that are currently being bandied about. Sometime in the future one of these is going to click. It will simply drop the price of electricity to 1/4-1/10th current cheapest coal/gas prices.
And then the world will change. We’ll be in a new brave new world. Beats me when that will happen. I tell people there’s likely to be very public international competition to break out sometime in the next couple years to have the first LFTR portable reactor out.
Thorium, natural gas, nuclear and solar are not competitive to oil’s high energy density for transportation uses, given the glacial pace of battery technology development. Trucking is an exception. GMO bacteria that absorbs sunlight and excretes gasoline would directly compete with oil.
Trucking is an exception.
.........
also buses and trains are being converted over to natural gas.
I believe tesla will get their cars down to the 35k cost range and still will be able to go 250 miles on a charge. that will bring in a whole large new bunch of buyers. of course that will still be a drop in the bucket. but tesla is forcing major car companies to put more money into electric car development. Tesla alone expects to be producing 500,000 cars a year by 2020.
Joulle says that they can produce drop in fuel for 1.28 @ gallon. thats a winner. i believe them. However, it doesn’t look like they have very good leadership. They are not moving very expeditiously. even the coal companies seem to be resigned to their fate. One of my neighbors works for the coal industry lobbying group. I have tried time and again to tie him up with joulle. But so far. no success.
Could you explain how the coal industry can work with Joule Unlimited and Sundrop Farms? I have not been able to figure out the connection.
Could you explain how the coal industry can work with Joule Unlimited and Sundrop Farms? I have not been able to figure out the connection.
.................
Joule needs carbon dioxide to feed the cynobacteria. Extra carbon dioxide would speed the growth of vegetables in the sundrop farm green houses. Electrical power generation plants—to create electricity — use coal that as it burns— releases immense amounts of carbon dioxide. Currently the plan is to pipe the carbon dioxide underground either as a way of forcing up more oil or simply as a way of keeping the carbon dioxide from entering the air. Using the carbon dioxide to make food and fuel would turn carbon dioxide from a cost center into a profit center for the electrical power generation companies and make coal green.
I'm just testing your proposition.
I understand. In neither case would there be a need to ship the CO2 somewhere. In both cases you could simply site the Joule and Sundrop facilities near the electrical generation plants.
There are currently two test facilities for algae production in the USA taking CO2 from electrical power generation plants. One in Arizona and one in Oregon.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.