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Old 01-17-2018, 10:51 AM   #1 (permalink)
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Peak oil... Again...!!!

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U.S. oil industry set to break record, upend global trade

https://www.reuters.com/article/us-u...-idUSKBN1F50HV


Quote:
HOUSTON (Reuters) - Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.


Quote:
TECHNOLOGY OPENS UP NEW FIELDS

The next phase of shale output growth depends on techniques to squeeze more oil from each well. Companies are now putting sensors on drill bits to more precisely access oil deposits, using artificial intelligence and remote operators to get the most out of equipment and trained engineers.



It looks like there is going to be plenty of oil for the foreseeable future.

Lets just not waste it...


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Old 01-17-2018, 05:28 PM   #2 (permalink)
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Quote:
The next phase of shale output growth depends on techniques to squeeze more oil from each well.
It sounds like supply isn't the problem; it's the economics. Shale can't be replenished from deep, hot abiotic sources like those pockets of sweet crude oil.

Meanwhile it's up against the falling price of 24-hour solar:

https://insideclimatenews.org/news/1...t-dunes-nevada
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Old 01-17-2018, 06:09 PM   #3 (permalink)
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NM just because the #3 oil producing state because of new technology.
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Old 01-18-2018, 06:44 AM   #4 (permalink)
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They dig it out the ground, and us muppets burn it.
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Old 01-18-2018, 11:32 AM   #5 (permalink)
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Honestly, I am more concerned with contaminated drinking water, earthquakes, and sinkholes.
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Old 01-18-2018, 05:56 PM   #6 (permalink)
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Quote:
Originally Posted by Xist View Post
Honestly, I am more concerned with contaminated drinking water, earthquakes, and sinkholes.
That's also my concern when it comes to shale oil. IIRC extraction of shale gas had been banned in Costa Rica for the very same reason.
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Old 01-19-2018, 12:46 AM   #7 (permalink)
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I'm concerned about growing hills of Spent Shale: https://en.wikipedia.org/wiki/Oil_shale_coke

Quote:
Depending on the extraction process and the amount of remaining organic matter, spent shale may be classified as oil shale coke, semi-coke or coke-ash residue, known also as oil shale ash.[1][2] According to the European Union waste list all these types of spent shale are classified as hazardous waste.
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Old 01-19-2018, 03:35 AM   #8 (permalink)
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Old 01-19-2018, 03:58 AM   #9 (permalink)
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I thought the shale was left in the ground, with water/frack fluid forcing the petrolium up and out of the earth.
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Old 01-19-2018, 06:52 AM   #10 (permalink)
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That's fracking. I didn't know until I looked that there is an in situ method using heat instead of water.

https://en.wikipedia.org/wiki/Shale_oil_extraction
Quote:
Shale oil extraction is usually performed above ground (ex situ processing) by mining the oil shale and then treating it in processing facilities. Other modern technologies perform the processing underground (on-site or in situ processing) by applying heat and extracting the oil via oil wells.

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