Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:57 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Why ‘Big Oil’ is pretty fracking innovative Back to Topics
comprof

Champion Author
Houston

Posts:9,199
Points:1,811,425
Joined:Jul 2009
Message Posted: Jun 18, 2013 1:46:29 AM

When we think of innovation in the energy sector, we typically think of companies exploring alternative energy solutions, such as wind , solar or even nuclear. But something very interesting is taking place with enormous implications for both U.S. economic policy and foreign policy. The latest report on the global energy industry from the International Energy Agency (IEA) shows that the U.S. will become a net oil exporter by the year 2020 and energy independent by the year 2035. We’ll actually be pumping more oil than Saudi Arabia by 2017 - and pumping more than is needed to keep our economy moving shortly thereafter - and it’s all due to our remarkable ability to extract oil from places that never used to be possible. In short, technological innovation is making it possible for America to
Visit Washington Post for full article
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,223
Points:2,066,740
Joined:Nov 2008
Message Posted: Jun 24, 2013 5:45:17 AM

Tico: the keyword is "safely" - an oxymoronic paradoxical situation.
Profile Pic
endymion
Champion Author New York

Posts:2,473
Points:506,295
Joined:Nov 2012
Message Posted: Jun 19, 2013 9:26:41 AM


This is mostly speculation with few supporting facts.

Oil exports to keep our economy moving? They're scraping bottom to make Obama look good.
Profile Pic
jethro5000
Champion Author Kentucky

Posts:4,036
Points:845,435
Joined:Jun 2005
Message Posted: Jun 19, 2013 6:52:04 AM

Yesterday's news
Profile Pic
Trudat316
Veteran Author Missouri

Posts:341
Points:54,840
Joined:Feb 2013
Message Posted: Jun 19, 2013 2:13:13 AM

Fracking unbelievable!
Profile Pic
ExplorerWA
Champion Author Washington

Posts:5,907
Points:1,184,780
Joined:Feb 2011
Message Posted: Jun 18, 2013 9:17:49 PM

There lots of oil for years to come using this method.
Profile Pic
efwosu
Veteran Author Columbus

Posts:346
Points:135,705
Joined:Mar 2011
Message Posted: Jun 18, 2013 3:25:35 PM

Despite the clown in the white house....
Profile Pic
deputydog082
Champion Author Detroit

Posts:3,545
Points:1,060,180
Joined:Apr 2011
Message Posted: Jun 18, 2013 3:24:47 PM

technology keeps improving
Profile Pic
sarasotasingle
Champion Author Sarasota

Posts:2,930
Points:685,105
Joined:Jun 2012
Message Posted: Jun 18, 2013 1:04:41 PM

OK
Profile Pic
Ticobird
Champion Author Huntsville

Posts:4,858
Points:1,519,650
Joined:Oct 2009
Message Posted: Jun 18, 2013 10:11:37 AM

Fracking done safely will help provide crude oil for years to come.
Profile Pic
58salty
Champion Author Jacksonville

Posts:75,420
Points:960,140
Joined:Aug 2011
Message Posted: Jun 18, 2013 9:02:57 AM

Even if the US is energy independent what will it cost the public?
Profile Pic
Jebeahm
Champion Author Maryland

Posts:1,689
Points:781,225
Joined:Mar 2011
Message Posted: Jun 18, 2013 8:48:30 AM

This dose not lesson the need to conserve. Reaching the goal of independence doesn't mean that you stay that way forever. Nonrenewable resources have a limit and as stated it is will be a world commodity and priced accordingly.
Profile Pic
sljbc475
Champion Author Tucson

Posts:6,373
Points:1,327,075
Joined:Dec 2010
Message Posted: Jun 18, 2013 8:40:44 AM

Refining the oil is still are biggest problem, not enough refineries.
Profile Pic
isem
Champion Author Missouri

Posts:4,094
Points:880,140
Joined:Feb 2012
Message Posted: Jun 18, 2013 8:29:24 AM

No matter how much we produce oil will continue to be a world commodity and be priced accordingly.
Profile Pic
markcayer
All-Star Author Ottawa

Posts:536
Points:94,440
Joined:Jun 2013
Message Posted: Jun 18, 2013 7:58:41 AM

Not all "innovations" are good things in the long run.
The "law of unintended consequences" may be at play here.
Watch
www[dot]cbc[dot]ca/natureofthings/episode/shattered-ground.html

to get a handle on fracking both the process and the after effects for people and the environment.
Profile Pic
w4kh
Champion Author Tennessee

Posts:13,828
Points:2,684,435
Joined:May 2004
Message Posted: Jun 18, 2013 7:39:14 AM

The author of this article didn't do much research, unless reading the headlines of mis-informed newspapers counts... He attributes the ability to extract oil from shale to fracking, saying: "...because we’ve invented a nifty little process called 'hydraulic fracturing'..."

What he doesn't seem to understand is that fracking has been around for 60 years with hardly any mention of problems or potential... what is new is horizontal drilling, which allows fracking to be profitable and innovative.
Profile Pic
broken80530
Champion Author Denver

Posts:5,256
Points:970,210
Joined:Aug 2005
Message Posted: Jun 18, 2013 7:27:29 AM

Just got a notice yesterday from a local recycler that they will NOT take fracking pipe!!!
It seems there are explosive charges made into the pipe some of which are un-exploded!

There may be a nitch for a Frack Pipe spicific recycling process to deal with the potentially dangerous byproduct of the fracking process. This raises the cost of course!
Profile Pic
drillintheUSA
Champion Author Rochester

Posts:5,639
Points:614,790
Joined:Apr 2008
Message Posted: Jun 18, 2013 7:22:20 AM

Good. Let's move it then. With KNOWN reserves with amounts that will last us beyond 2313, it's time we get movin'. Export nothing "by 2020". Let the rest of the world go to the Saudi's.

~ drillintheUSA
Profile Pic
dudleydolittle
Champion Author Cleveland

Posts:6,621
Points:1,036,060
Joined:Sep 2011
Message Posted: Jun 18, 2013 7:21:29 AM

not to our advantage only to oil companies
Profile Pic
Asbury09
Champion Author Iowa

Posts:9,378
Points:1,987,180
Joined:Jan 2009
Message Posted: Jun 18, 2013 7:20:51 AM

As long as the ground water supply is not polluted we will be in good shape.
Profile Pic
gmcgas
Champion Author Atlanta

Posts:8,186
Points:2,171,065
Joined:Mar 2004
Message Posted: Jun 18, 2013 7:20:12 AM

think it might be because price of oil is up?
Profile Pic
Rappcommuter
All-Star Author Virginia

Posts:787
Points:909,005
Joined:Apr 2011
Message Posted: Jun 18, 2013 7:19:24 AM

One problem is that Oil companies are not run by the government, nor should they be. So with global demand for oil rising, the price for oil, and of course gas, will continue to rise. We may be energy independent by 2035, but if world demand continues to grow, our prices will be very high. The only benefactor will be the oil companies.
Profile Pic
dylan126
Champion Author Cleveland

Posts:6,623
Points:1,041,295
Joined:Sep 2011
Message Posted: Jun 18, 2013 7:19:06 AM

and when we destroy the world............
Profile Pic
cookined
Champion Author Maine

Posts:5,200
Points:2,481,005
Joined:Oct 2005
Message Posted: Jun 18, 2013 7:18:05 AM

How about big Government WP
Profile Pic
MacDad614
Champion Author Atlanta

Posts:4,572
Points:1,556,285
Joined:Aug 2008
Message Posted: Jun 18, 2013 7:17:19 AM

Pumping more oil than ... So why do we STILL see people saying ?Drill, baby, drill"?
Profile Pic
devildog66
Champion Author Pennsylvania

Posts:2,661
Points:743,240
Joined:May 2012
Message Posted: Jun 18, 2013 7:17:09 AM

So why does OPEC keep dictating prices?
Profile Pic
thomas41546
Champion Author Tennessee

Posts:5,925
Points:2,714,235
Joined:Oct 2005
Message Posted: Jun 18, 2013 7:17:05 AM

let's see what harm is has done in twenty years.
Profile Pic
nb52
Champion Author Grand Rapids

Posts:9,921
Points:1,999,560
Joined:Nov 2008
Message Posted: Jun 18, 2013 7:17:04 AM

"Big Oil"....pretty?
Profile Pic
2962
Champion Author Omaha

Posts:3,185
Points:497,415
Joined:Feb 2006
Message Posted: Jun 18, 2013 7:15:45 AM

Follow the money.....
Profile Pic
rvn4me
Champion Author Texas

Posts:7,709
Points:1,947,700
Joined:Jan 2009
Message Posted: Jun 18, 2013 7:15:37 AM

yet other countries are still dictating the price of oil
Profile Pic
Valricoslash
Champion Author Tampa

Posts:8,871
Points:1,806,700
Joined:Nov 2008
Message Posted: Jun 18, 2013 7:15:03 AM

American inginuity. Pure and simple. If it needs to be done we will figure out a way to do it and the rest of the world generally benefits in the long run.

[Edited by: Valricoslash at 6/18/2013 7:15:24 AM EST]
Profile Pic
cherican
Champion Author Ontario

Posts:3,124
Points:1,178,470
Joined:May 2003
Message Posted: Jun 18, 2013 7:15:01 AM

Where there's money there's a way.....
Profile Pic
BigDenOH
Champion Author Cincinnati

Posts:3,659
Points:865,800
Joined:May 2011
Message Posted: Jun 18, 2013 7:14:42 AM

Remember the movie "Wallstreet"?
Profile Pic
lindact
Champion Author New Haven

Posts:10,770
Points:2,142,665
Joined:May 2008
Message Posted: Jun 18, 2013 7:14:11 AM

More to export...
Profile Pic
Canucktree
Champion Author Alberta

Posts:6,572
Points:1,412,725
Joined:Dec 2008
Message Posted: Jun 18, 2013 7:14:03 AM

Get er done!
Profile Pic
livewire300
Champion Author South Carolina

Posts:4,617
Points:249,635
Joined:Jun 2011
Message Posted: Jun 18, 2013 7:13:42 AM

Huummm..
Profile Pic
livedream
Champion Author Michigan

Posts:6,010
Points:1,209,140
Joined:Mar 2011
Message Posted: Jun 18, 2013 7:13:32 AM

Depending on the overall outcome, this remains to be seen.
And there are no promises of reduced gas prices here, either.
Profile Pic
installer
Champion Author San Diego

Posts:2,992
Points:928,610
Joined:Nov 2008
Message Posted: Jun 18, 2013 7:13:13 AM

Long story short, it's "MONEY". And greed really is good.
Profile Pic
kyrunner
Champion Author Lexington

Posts:11,143
Points:2,154,285
Joined:Aug 2008
Message Posted: Jun 18, 2013 7:13:10 AM

I find it remarkable they were able to innovate this much with all of the environurts and EPA fighting them at every step. Just glad they are succeeding in spite of our government intervention at every step.
Profile Pic
ExplodingGlass
Champion Author Maine

Posts:2,407
Points:991,620
Joined:Oct 2008
Message Posted: Jun 18, 2013 7:13:07 AM

bah-zing!!!
Profile Pic
FMREALTOR
Champion Author Florida

Posts:8,539
Points:2,147,180
Joined:Jan 2007
Message Posted: Jun 18, 2013 7:12:55 AM

kind of old news. We have had several article in the past
Profile Pic
fieldt
Champion Author Lansing

Posts:5,735
Points:1,168,145
Joined:Mar 2011
Message Posted: Jun 18, 2013 7:12:11 AM

Why? Big money.
Profile Pic
nugney
Champion Author Atlanta

Posts:4,856
Points:2,436,720
Joined:Jan 2006
Message Posted: Jun 18, 2013 7:11:58 AM

ok
Profile Pic
RichWLIN
Champion Author Indiana

Posts:6,924
Points:1,095,355
Joined:Jun 2011
Message Posted: Jun 18, 2013 7:11:12 AM

"it’s all due to our remarkable ability to extract oil from places that never used to be possible"
Profile Pic
racerdj
Champion Author Indianapolis

Posts:11,955
Points:2,512,375
Joined:Jun 2003
Message Posted: Jun 18, 2013 7:11:08 AM

Good news for the USA.
Profile Pic
tndirtydawg
Champion Author Memphis

Posts:3,139
Points:1,063,870
Joined:Jun 2006
Message Posted: Jun 18, 2013 7:10:32 AM

Sure would like to see that innovation ad to 'innovated' and lower pump prices!
Profile Pic
BigRedVTX
Champion Author Georgia

Posts:1,651
Points:663,535
Joined:Jun 2011
Message Posted: Jun 18, 2013 7:10:31 AM

And while this innovation in methodology is good, it is not seeming to help at the pump where most Americans feel the pain.
Profile Pic
JMW1942
Champion Author Michigan

Posts:2,563
Points:837,660
Joined:Feb 2012
Message Posted: Jun 18, 2013 7:09:51 AM

Sounds good.
Profile Pic
kobes1
Champion Author Florida

Posts:4,662
Points:1,012,855
Joined:Aug 2011
Message Posted: Jun 18, 2013 7:09:16 AM

At taking our money!
Profile Pic
dundasgas
Champion Author Hamilton

Posts:2,762
Points:615,910
Joined:Nov 2012
Message Posted: Jun 18, 2013 7:08:19 AM

Whatever.
Profile Pic
biggyhy
Champion Author Milwaukee

Posts:3,094
Points:864,860
Joined:Sep 2011
Message Posted: Jun 18, 2013 7:07:38 AM

ok
Post a reply Back to Topics