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Thread: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by Harshaw View Post
    I just saw a trailer yesterday for some movie with Matt Damon which is all about the "horror" of fracking. It'll be put into the popular culture that it's all BAD BAD BAD BAD and will kill all of us, and it'll stay locked up tight.
    OK, I just watched the trailer. I cringe how it could be handled as the movie plays out but damn, I want to watch it now. I have never worked as a sandman but I have had a similar job in the oilfield, I have faced personal questions like that. I am curious about how the not-Matt Damon guy is handled, too, with that asshattery showmanship of lighting that model farm on fire.
    Last edited by Dwight; 11-15-12 at 02:53 PM.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Damn browser auto-correct and now the EDIT window is closed.

    While it is factually true I have never worked as a sandman, what I intended that post to state is that I have never worked as a landman.

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    Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by wolfman24 View Post
    Also, I have worked with BP for many years compared to american companies they are one of the most pro active oil companies out there. Now my work was mostly with small refineries and stations but I seriously doubt BP has one set of rules for one petroleum group and another set for the other.

    Chuck you have to remember BP bought out alot of Standard Oil because they were going under with all the law suites over wide spread contamination in the US. Amoco is the one who has the poorest safety and envrionmental record of any oil company in the USA including Exxon and thats saying something.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by Dwight View Post
    The NG is there, the drilling will continue. If more holes weren’t going to be drilled my wife wouldn’t be wasting time on working out the regulations for it.

    The low prices of NG are keeping it relatively slow, but those low NG are also what are shutting down the coal mines. Coal industry folks like to kick and fuss about it being the EPA that is doing that but really at the core market forces, current and projected because of the NG reserves that are down there, are what are killing coal. So as power generation and such converts over to NG the prices are expected to stabilize. One thing about NG, it is a bitch to store sizable quantities of it. It isn’t very easy to stockpile.
    In this area, SWNY, it is very common to store it in played out NG fields. Storage wells. This is done with huge compressor stations. It's been done for decades. As a matter of fact, for many years we used gas in the winters that was pumped here from Texas during off-heating months and pumped into these old played out wells. Texas gas is odorless, so a chemical has to be added to smell it.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    My view on "frecking" the Marcellus shale for Natural Gas is an observation of what has happened nearby. The process drills straight down vertically near the Marcellus shale that is approximately 5000 feet below the surface. The steerable drill bit makes a long radius turn and then drills horizontally for as long as a mile in the producing formation that can vary in thickness and then this Marcellus shale is fracked. This opens up and loosens the shale in this formation. This all happens one mile underground and nobody can say where the fracking travels to exactly. If a seam becomes permeable to an acquifer (underground water table), then contamination of that acquifer can occur and mixed methane gases, fracking chemicals, and drilling muds may contaminate that acquifer. At this point and 90% of the time the drillers deny having caused the problem and it is a mile underground. Occasionally, they will accept responsibility, but they know it is difficult to prove that they caused the problem and they can afford legal hardball. Regulations need to be established in all watersheds within miles of drilling, with baseline water reference testing for a benchmark to compare after drilling and fracking water contaminants. The drilling companies claim the driling muds and fracking fluids are proprietary and will not list the chemicals involved to be tested for in baseline references. That is pretty much the problem. Without these regulations and a baseline "it is hard to fight Big Money."

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by DaveFagan View Post
    My view on "frecking" the Marcellus shale for Natural Gas is an observation of what has happened nearby. The process drills straight down vertically near the Marcellus shale that is approximately 5000 feet below the surface. The steerable drill bit makes a long radius turn and then drills horizontally for as long as a mile in the producing formation that can vary in thickness and then this Marcellus shale is fracked. This opens up and loosens the shale in this formation. This all happens one mile underground and nobody can say where the fracking travels to exactly. If a seam becomes permeable to an acquifer (underground water table), then contamination of that acquifer can occur and mixed methane gases, fracking chemicals, and drilling muds may contaminate that acquifer. At this point and 90% of the time the drillers deny having caused the problem and it is a mile underground. Occasionally, they will accept responsibility, but they know it is difficult to prove that they caused the problem and they can afford legal hardball. Regulations need to be established in all watersheds within miles of drilling, with baseline water reference testing for a benchmark to compare after drilling and fracking water contaminants. The drilling companies claim the driling muds and fracking fluids are proprietary and will not list the chemicals involved to be tested for in baseline references. That is pretty much the problem. Without these regulations and a baseline "it is hard to fight Big Money."
    Obtaining the baseline is a minimum that should occur.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by RDS View Post
    Nothing to be euphoric about. Oil shale requires heavy investment and if the price of oil drops the cost of producing will ezcced the price they could obtain for the oil.
    Is that the case? You're trying to make a negative out of a mere possibility. The break point use to be about $70/barrel, and it is well above that.
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by American View Post
    Is that the case? You're trying to make a negative out of a mere possibility. The break point use to be about $70/barrel, and it is well above that.
    I am just looking at all angles. In essence I bet they did a cost-benefit analysis to conclude on the viability.

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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by mbig View Post
    If it is regulated because fracking is truly untenable.. so be it.
    But that isn't the case now.

    GAS PRICES FACT: Domestic Oil Production Has Soared Under President Obama | ThinkProgress

    Here in NY we haven't allowed fracking yet, despite the boom in PA next door, as the Gov/Govt is concerned about the NYC watershed.
    There may be some areas like that where it is more problematic, but overall, probably not. To be seen.

    France has outlawed Fracking.

    Vermont Outlaws Fracking
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    Re: Shale Boom to Turn U.S. Into World's Largest Oil Producer, Watchdog Says

    Quote Originally Posted by poweRob View Post
    None of the states where this matters will follow suit, and if a Bakken style field is discovered in Vermont I'm fairly sure pressure would build on Burlington to swing its tune.

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