The Trouble With the Falling Oil Price

Generali

ess0two wrote: »

Too simplistic about the grid,any new supplies would need to be tied into a processing terminal,should they require any dehydration or contain H2s.
East irish sea fields for example are tied into terminals at Barrow where the gas is processed as above.

Isn't the point really that if fracking or deep sea drilling or anything else is uneconomic for techonlogical or other reasons then it won't be done. The fact that fracking is being done strongly suggests that there's money in it.

ess0two

Generali wrote: »

Isn't the point really that if fracking or deep sea drilling or anything else is uneconomic for techonlogical or other reasons then it won't be done. The fact that fracking is being done strongly suggests that there's money in it.

Its happening in the US,as for the UK its small scale at the mo.

Generali

ess0two wrote: »

Its happening in the US,as for the UK its small scale at the mo.

Is it being done profitably?

ess0two

Generali wrote: »

Is it being done profitably?

TBH I wouldn't know as a lot of it is exploratory,should it go main stream then joe public don't want it on their doorstep or the potential environmental issues that are / not present with the process.

Generali

ess0two wrote: »

TBH I wouldn't know as a lot of it is exploratory,should it go main stream then joe public don't want it on their doorstep or the potential environmental issues that are / not present with the process.

Nuclear power stations are generally very popular locally as they provide well paid jobs and support a lot of other businesses as a result. I suspect attitudes will change as people get work and cheap energy as a result.

cells

jjlandlord wrote: »

Many new and new-ish builds across the Channel do not have gas heating.
But they do have a lot of nuclear plants (I'm not commenting on whether that's a good or bad thing).

The point is that everything is possible if one has a long term plan and keeps at it.
Two things that we are lacking.

Everything is possible in movies maybe but in the real world there are very real limits both physical and economic

cells

jjlandlord wrote: »

Many new and new-ish builds across the Channel do not have gas heating.
But they do have a lot of nuclear plants (I'm not commenting on whether that's a good or bad thing).

The point is that everything is possible if one has a long term plan and keeps at it.
Two things that we are lacking.

ess0two wrote: »

You seem to think like the masses,dig a hole extract the gas,its that easy.

No I think its you that thinks like the modern masses.

The uk was the world leader in nuclear civil power the world leader in jets the world leader in radar to name but a few. Now we are the world leader in....it might not work and it might not be easy so lets not even try...

The uk may or may not have commercial shale resources. The only way yo know will be to drill a few dozen holes at least not to object and say meh. If it doesn't work so what try try and try again. As the yanks say, fail often to succeed sooner. The British moto has become...don't get out of bed the council won't give us a stamp to start anyway

cells

Generali wrote: »

Is it being done profitably?

The answer to that is clearly yes since the volume is vast.

Eg maybe I can open one fast food joint that is losigy money for a few months. ..maybe two...but not 50,000 stores and keep them going for a decade.

shale oil output in the usa now exceeds 5mbpd, shale gas 8mbpd equivalent. Total is over 13 mbpd equivalent. More than the north sea by a huge margin (uk oil and gas combined is a little over 1.5 mbpd equivalent from the north sea)

of course the internet experts were calling it anything and everything but a success. Scam ponzi fake. The Internet is full of these types of people even on house price boards. Crash just around thr corner TM 2003

cells

ess0two wrote: »

TBH I wouldn't know as a lot of it is exploratory,should it go main stream then joe public don't want it on their doorstep or the potential environmental issues that are / not present with the process.

Just as your post highlights we have moved away from science and technology and fact and in to a world dominated by opinion and feelings.

I don't want a nuclear plant thirty miles away because when I watched a x-men film the villan powered up using a reactor and that can't be good and I feel my opinion is important so no no no.....

Shale tech is very low impact visually smaller than a bungalow post drilling which takes less than 6 weeks for each well. Objectors should simply be ignored, giving them the light to air their ignorance harms everyone in the same way a small number of vocal individuals stop or slow modest housing plans

cells

Generali wrote: »

Nuclear power stations are generally very popular locally as they provide well paid jobs and support a lot of other businesses as a result. I suspect attitudes will change as people get work and cheap energy as a result.

Most people dont even know they are there.

I used to work across a river where there was/is two nuke reactors (hartlepool nuclear power station), on the other side of the river there was a gas station even smaller in size and less known and on site there was a small coal station.

I doubt even 1/100th of the population within ten miles knows there is a coal a gas and a nuclear station so close to their homes.


The reason is they cause so little harm or disruption that they are virtually invisible. The NIMBYs hate them as they have crazy ideas fueld by negative propaganda of what industry is like and have no concept of the reality