01-17-2018, 10:51 AM
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#1 (permalink)
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Master EcoModder
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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
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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.
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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.
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It looks like there is going to be plenty of oil for the foreseeable future. 
Lets just not waste it...
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01-17-2018, 05:28 PM
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#2 (permalink)
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Master EcoModder
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The next phase of shale output growth depends on techniques to squeeze more oil from each well.
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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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01-17-2018, 06:09 PM
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#3 (permalink)
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Corporate imperialist
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NM just because the #3 oil producing state because of new technology.
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
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01-18-2018, 06:44 AM
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#4 (permalink)
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Ecomodding Englishman
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They dig it out the ground, and us muppets burn it.
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2004 Smart Fortwo 0.7 petrol.
Motorbike.
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2019 Volvo XC90 T8 - 400BHP plug in hybrid insanity.
All journeys I do under 10 miles are human powered - I make journeys, not excuses..
2019 mileage - 1900 by car, 7100 by bicycle.
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01-18-2018, 11:32 AM
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#5 (permalink)
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Not Doug
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Honestly, I am more concerned with contaminated drinking water, earthquakes, and sinkholes.
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01-18-2018, 05:56 PM
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#6 (permalink)
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It's all about Diesel
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Quote:
Originally Posted by Xist
Honestly, I am more concerned with contaminated drinking water, earthquakes, and sinkholes.
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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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01-19-2018, 12:46 AM
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#7 (permalink)
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Master EcoModder
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I'm concerned about growing hills of Spent Shale: https://en.wikipedia.org/wiki/Oil_shale_coke
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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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.Without freedom of speech we wouldn't know who all the idiots are. -- anonymous poster
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.Three conspiracy theorists walk into a bar --You can't say that is a coincidence.
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01-19-2018, 03:35 AM
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#8 (permalink)
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Not Doug
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Runoff must be a pretty with all of the colors of the rainbow.
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01-19-2018, 03:58 AM
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#9 (permalink)
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Human Environmentalist
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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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01-19-2018, 06:52 AM
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#10 (permalink)
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Master EcoModder
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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
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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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__________________
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.Without freedom of speech we wouldn't know who all the idiots are. -- anonymous poster
____________________
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.Three conspiracy theorists walk into a bar --You can't say that is a coincidence.
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