Showing posts with label extraction technology. Show all posts
Showing posts with label extraction technology. Show all posts

Tuesday, July 05, 2011

The Federal Government Decides to Stack the Deck Against Fracking

National Review includes Kathryn Hartnett White's excellent article about hydraulic fracturing "Fracas About Fracking"

A particular quote to remember while reading Ms. White's article is this one from the President's speech in October to Latino voters (via Allahpundit and The Weekly Standard):
"In a radio interview that aired on Univision on Monday, Mr. Obama sought to assure Hispanics that he would push an immigration overhaul after the midterm elections, despite fierce Republican opposition.
“If Latinos sit out the election instead of saying, ‘We’re gonna punish our enemies and we’re gonna reward our friends who stand with us on issues that are important to us"
 The administration appears to be following up on its stated aim to punish its enemies as the EPA attacks hydraulic fracking and sets up an "endangered" lizard to halt drilling in Texas.  What will these efforts damage.  

Monday, June 27, 2011

In the Barnett Shale, Technology and Innovation answer Peak Oil Pessimism

A friend queried me about the current discussion that implies that shale gas might not be all it is cracked up to be.  The question is really about “Decline Curves” in gas production and the future of shale gas economics and hence, production.

Here is a link to Arthur Berman's 2009 article, “Lessons from the Barnett Shale imply caution in other shale plays” advising caution in believing the decline curves propounded by investment advisors.    http://www.worldoil.com/August-2009-Whats-new-in-exploration.html

Skepticism is always good practice when dealing with someone who makes money from obtaining yours, so I have no problem with the advice. Investment advisors are salesmen and they will always exaggerate, consciously or unconsciously. It is human nature, one tends to see rosier futures when the future includes themselves.