Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:22 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Shale revolution grows stronger Back to Topics
tamsey

Veteran Author
Pennsylvania

Posts:342
Points:56,880
Joined:May 2013
Message Posted: Jun 18, 2013 1:06:53 AM

There seems no end to the stream of good news coming out of the energy sector.

After the International Energy Agency (IEA) last November hailed the United States shale revolution by predicting that the country would become the biggest producer of oil by the end of the decade, the compliments have now been returned.

The Energy Information Administration (EIA), the US government department that releases energy data, this week released a report updating on the world's shale potential.

The term shale revolution is shorthand for the enormous boost in gas - and increasingly oil - supply in the US and Canada, enabled by hydraulic fracturing, or fracking, an extraction technique that releases hydrocarbons from previously inaccessible rock formations.

Oil and gas stuck in ungiving rock is not
Visit The National for full article
REPLIES (newest first) Post a Reply
Profile Pic
investmentdr
Champion Author Cleveland

Posts:6,287
Points:2,100,900
Joined:Sep 2008
Message Posted: Jun 18, 2013 11:09:51 AM

what's the benefit?
Profile Pic
coughlin
Champion Author San Jose

Posts:6,662
Points:1,449,810
Joined:Sep 2009
Message Posted: Jun 18, 2013 9:35:32 AM

It depends on what side of the branding iron you're on.
Profile Pic
mcg00
All-Star Author Milwaukee

Posts:671
Points:207,125
Joined:May 2013
Message Posted: Jun 18, 2013 9:00:36 AM

"It is likely that the Gulf will not be a blank space in future EIA shale maps." Well put.
Profile Pic
sljbc475
Champion Author Tucson

Posts:7,068
Points:1,555,250
Joined:Dec 2010
Message Posted: Jun 18, 2013 8:42:11 AM

Finding and drilling the oil is not the problem, build more refineries.
Profile Pic
brbaritone
Champion Author Virginia

Posts:3,897
Points:2,354,050
Joined:Jan 2007
Message Posted: Jun 18, 2013 7:52:09 AM

Will this massive increase in supply result in a decrease in prices? It hasn't yet. The laws of economics no longer apply to the oil market.
Profile Pic
markcayer
All-Star Author Ottawa

Posts:536
Points:94,440
Joined:Jun 2013
Message Posted: Jun 18, 2013 7:51:16 AM

How can destroying groundwater reserves and poisoning your neighbors be a good thing?

Do you know what fracking is? And what it entails?
Watch
www[dot]cbc[dot]ca/natureofthings/episode/shattered-ground.html

and then lets talk.
Profile Pic
BigRedVTX
Champion Author Georgia

Posts:1,651
Points:665,535
Joined:Jun 2011
Message Posted: Jun 18, 2013 7:15:42 AM

One must remember that we are not alone in the shale business (though we may have a head start).
Profile Pic
335d1
Champion Author Virginia

Posts:5,263
Points:1,419,370
Joined:Feb 2011
Message Posted: Jun 18, 2013 6:43:44 AM

Shale is found around the world so the potential for more oil is huge.
Profile Pic
danny999
Champion Author Florida

Posts:11,609
Points:2,325,660
Joined:Oct 2008
Message Posted: Jun 18, 2013 6:10:30 AM

Some just can not give up the witch hunt.Fracking means jobs,and a better economy.The oil companies know BIG BROTHER OBUMMA is waytching them,and will take necessary precautions.They're there to make money,not get envolved in lawsuits.
Profile Pic
humblepie
Champion Author Toledo

Posts:59,732
Points:3,060,620
Joined:Mar 2006
Message Posted: Jun 18, 2013 6:09:02 AM

much to eco nazi's chagrin......................
Profile Pic
mrjames1818
Champion Author New Jersey

Posts:4,433
Points:2,682,420
Joined:Mar 2004
Message Posted: Jun 18, 2013 6:03:33 AM

We still don't know the long term effects of fracking
Profile Pic
AKmailman
Champion Author Alaska

Posts:8,539
Points:2,239,570
Joined:Jul 2004
Message Posted: Jun 18, 2013 5:33:29 AM

this coming from the official propaganda agency
Profile Pic
mastermariner
Champion Author Texas

Posts:12,978
Points:1,158,045
Joined:Jun 2011
Message Posted: Jun 18, 2013 5:30:40 AM

Good
Profile Pic
pscamp
Champion Author Ottawa

Posts:7,061
Points:1,032,335
Joined:May 2011
Message Posted: Jun 18, 2013 4:42:22 AM

OK
Profile Pic
Luckylindy
Champion Author Milwaukee

Posts:7,101
Points:1,783,520
Joined:May 2008
Message Posted: Jun 18, 2013 4:34:59 AM

Good news except for the price of gas.
Profile Pic
Realakman
Sophomore Author Alaska

Posts:159
Points:129,440
Joined:Apr 2013
Message Posted: Jun 18, 2013 4:28:29 AM

frack good
Demoncrats BAD
Profile Pic
HA4CNN
Champion Author Toronto

Posts:8,262
Points:2,183,440
Joined:Dec 2006
Message Posted: Jun 18, 2013 3:39:44 AM

The world is getting drunk on fracking,I hope they know what they are doing.
Profile Pic
kgbellman
Champion Author Ann Arbor

Posts:5,555
Points:1,417,645
Joined:Mar 2011
Message Posted: Jun 18, 2013 3:12:46 AM

You can only squeeze so much oil from the earth - they have to do it safely
Profile Pic
Settjec
Champion Author Little Rock

Posts:4,813
Points:1,356,945
Joined:May 2010
Message Posted: Jun 18, 2013 3:08:56 AM

We will see
Profile Pic
BEngr
Champion Author Illinois

Posts:9,646
Points:2,258,565
Joined:May 2008
Message Posted: Jun 18, 2013 2:55:30 AM

I'm not sure where all this is headed, but if we produce more domestic oil & gas that means we are less dependent upon OPEC for supply. The plus is that OPEC has also manipulated the price of oil and that could end too.
Profile Pic
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,473,240
Joined:May 2004
Message Posted: Jun 18, 2013 2:44:50 AM

Just more oil to sell over seas to keep US gas prices up.
Profile Pic
heydano67
Champion Author California

Posts:2,508
Points:967,385
Joined:Feb 2012
Message Posted: Jun 18, 2013 2:36:40 AM

more petrol
Profile Pic
NavyStore
Champion Author Seattle

Posts:3,951
Points:2,699,975
Joined:Aug 2005
Message Posted: Jun 18, 2013 2:34:40 AM

A revolution fueled by artificially inflated fossil fuel prices. We need to jump off oil and gas and move on to solar, wind, hydro, fusion, Sodium fueled fission and even bio-fuels. But, most importantly, we need to stop breeding like rabbits....
Profile Pic
sprocketsplines
Champion Author Washington

Posts:4,511
Points:1,531,975
Joined:Oct 2010
Message Posted: Jun 18, 2013 2:31:09 AM

Looks like the estimated shale reserves are underestimated.
Profile Pic
stueyAZ
Sophomore Author Phoenix

Posts:246
Points:28,135
Joined:Nov 2011
Message Posted: Jun 18, 2013 2:28:06 AM

Uuuuhmmm... I will second that!!
Profile Pic
sehonda
Champion Author Honolulu

Posts:3,153
Points:1,198,985
Joined:May 2009
Message Posted: Jun 18, 2013 2:24:00 AM

driven by high energy prices
Profile Pic
bolobill
Champion Author Michigan

Posts:18,858
Points:3,857,250
Joined:Mar 2004
Message Posted: Jun 18, 2013 2:23:37 AM

ok
Profile Pic
nurdco
Champion Author Colorado Springs

Posts:13,122
Points:2,380,215
Joined:Apr 2008
Message Posted: Jun 18, 2013 2:22:33 AM

Up goes fuel prices
Profile Pic
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Jun 18, 2013 2:21:57 AM

keep pumping that oil and keep it for ourselves
Profile Pic
furiousfowl
Champion Author Riverside

Posts:19,369
Points:3,383,810
Joined:May 2005
Message Posted: Jun 18, 2013 2:15:09 AM

Very interesting...
Profile Pic
Retowered
Champion Author Colorado

Posts:11,458
Points:3,372,140
Joined:May 2004
Message Posted: Jun 18, 2013 2:15:04 AM

Keep the oil here so our prices will go DOWN.
Profile Pic
kd5kpd
Champion Author Texas

Posts:6,333
Points:2,066,160
Joined:Apr 2006
Message Posted: Jun 18, 2013 2:14:49 AM

Frack Away!!!
Profile Pic
JethroGibbsMKE
Champion Author Milwaukee

Posts:2,460
Points:784,145
Joined:Sep 2012
Message Posted: Jun 18, 2013 2:14:03 AM

To be or not to be, sounds so good BUT is it really that good?
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:8,257
Points:1,958,950
Joined:Jul 2007
Message Posted: Jun 18, 2013 2:13:40 AM


DONT EXPORT IT!!!!!
Profile Pic
btex49
Champion Author Austin

Posts:5,467
Points:1,190,100
Joined:Aug 2011
Message Posted: Jun 18, 2013 2:12:37 AM

The liberals ain't gonna like this!
Profile Pic
Hi1
Champion Author Ontario

Posts:7,408
Points:2,351,315
Joined:Jun 2007
Message Posted: Jun 18, 2013 2:12:03 AM

Were killing ourself and nobody cares.
Profile Pic
BobD2009
Champion Author Long Island

Posts:9,828
Points:1,912,160
Joined:Apr 2009
Message Posted: Jun 18, 2013 2:11:30 AM

Let the franking begin!
Profile Pic
jimgraham
Champion Author Akron

Posts:13,264
Points:2,666,050
Joined:Oct 2007
Message Posted: Jun 18, 2013 2:08:08 AM

Fracking:

Humpty Dumpty.

Cracking the egg from the inside.

Who can put them back together?

" "
Profile Pic
RENEGADEGAS
Champion Author Missouri

Posts:17,850
Points:2,232,970
Joined:Jul 2008
Message Posted: Jun 18, 2013 2:08:04 AM

Flood the market with it.
Profile Pic
g747
Champion Author Mobile

Posts:7,238
Points:1,575,430
Joined:Jul 2009
Message Posted: Jun 18, 2013 2:06:46 AM

Why won't Wall St stop killing us ? ;because they can!!!!!!!!!!!!!,
Profile Pic
blazerbob91
Champion Author Milwaukee

Posts:7,096
Points:2,522,335
Joined:Aug 2005
Message Posted: Jun 18, 2013 2:06:39 AM

Keep the oil here!!!
Profile Pic
tclbbs
Champion Author Columbus

Posts:2,081
Points:1,727,040
Joined:Jan 2002
Message Posted: Jun 18, 2013 2:06:27 AM

When we finish destroying the earths mantle, what are we going to be driving on? The roads will be dust.
Profile Pic
gougenator
Champion Author Dallas

Posts:33,795
Points:3,902,375
Joined:Aug 2003
Message Posted: Jun 18, 2013 2:05:20 AM

too bad theyll export it all and to hell with lower gas prices as they dont give a #@$%$t for the common people of this great country for which the shale comes from

so fracking what?!?!?
Profile Pic
pricewar
Champion Author Ogden

Posts:4,876
Points:961,555
Joined:Jul 2012
Message Posted: Jun 18, 2013 2:05:06 AM

still needs improvement
Profile Pic
TarWarrior
Veteran Author Cincinnati

Posts:307
Points:609,425
Joined:Mar 2013
Message Posted: Jun 18, 2013 1:53:46 AM

Let's frack!
Profile Pic
ronbo2010
Champion Author Los Angeles

Posts:4,907
Points:676,195
Joined:Apr 2013
Message Posted: Jun 18, 2013 1:42:38 AM

I am totally ignorant on this extraction process. How safe is fracturing and what is the long run effect to the rock formation and the land above and bordering those being extracted? Is there an article about that?
Profile Pic
comprof
Champion Author Houston

Posts:9,956
Points:2,042,540
Joined:Jul 2009
Message Posted: Jun 18, 2013 1:38:12 AM

Go oil companies!
Profile Pic
MrLefty0706
Champion Author Chicago

Posts:4,273
Points:1,035,610
Joined:Apr 2012
Message Posted: Jun 18, 2013 1:17:06 AM

Hope growth continues.
Post a reply Back to Topics