Posted on 07/15/2024 4:08:35 PM PDT by Red Badger
Catacora announced Monday the discovery of the largest natural gas deposit in the country since 2005.
Arce tweeted in Spanish that the country had spent “nearly” $50 million to find “a mega [natural gas] field in the north of La Paz, the third best producing field in the entire country.” The president added that the well contained 1.7 trillion cubic feet “of potential reserves.”
SNIP
“[W]ith this discovery La Paz enters a totally different dimension, because we will have royalties as a producing department,” he wrote.
The new natural gas field will contribute to the country’s existing gas reserves, which stood at 8.95 trillion cubic feet in 2018, according to Reuters, citing official data.
Arce described the implications as “offering the hope of keeping our country as an important gas exporter, promoting a second era of hydrocarbon production and placing La Paz as a department now producing hydrocarbons.”
The country has been seeking means to alleviate its current economic woes —which include fuel shortages — through foreign investment from resource rich countries like Russia and Brazil, Offshore Technology reported July 5.
Get ready to “save Bolivia’s democracy”…
Good news. I love it when the supply of these natural products is increased.
Too bad it won’t be usable in NYC and other select locations.
Abiotic.
There are also microbes that devour crude oil and petro chemicals.
1.7 T’s? It’s a start. Especially if it is not in a remote jungle. I don’t think the Bolivians burn that much gas at the equator.
Yep, it was none other than Rockefeller himself who introduced “scarcity” into oil so he and his family can profit from it.
This is a dry gas discovery. No oil.
How does it make the country more capitalist? Guyana just may turn that way out of fear-Maduro.
How does it make the country more capitalist? Guyana just may turn that way out of fear-Maduro.
There is not much market for natural gas there. Oil has always been king. Maybe they can make ammonia for ferlilizer to stimulate growth where they have cut down the rain forest. Ha.
So? When I was in the 5th grade in 1978 myself in a group of classmates were selected to work with a propagandistic doomsday computer. Now matter what inputs we put in the simulation the world ran out of energy and everybody died sometime in the 1990s. Here I sit 30 years after peak oil doomsday and the population has doubled from 4 billion to 8 billion.
Good for you. But you can’t make gasoline out of methane. You need crude oil. This ain’t it.
Then how did the Nazis in WW2 convert their crappy coal to gasoline? How do they convert natural gas to synthetic oil for cars? The answer is refineries.
"Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons, such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels. Two general strategies exist: (i) direct partial combustion of methane to methanol and (ii) Fischer–Tropsch-like processes that convert carbon monoxide and hydrogen into hydrocarbons. Strategy ii is followed by diverse methods to convert the hydrogen-carbon monoxide mixtures to liquids. Direct partial combustion has been demonstrated in nature but not replicated commercially. Technologies reliant on partial combustion have been commercialized mainly in regions where natural gas is inexpensive." https://en.m.wikipedia.org/wiki/Gas_to_liquids
you can make so-called white diesel form NatGas. The tech has been around for decades./
Ponzi scheme. I can make some gasoline out of the grease from my wife’s fryer.
It isn’t a Ponzi scheme, Refining gases in the liquids is being done all over the world. It cost more than oil from the ground but it is a viable proof of technology called a refinery.
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