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Author Topic: Why ‘Big Oil’ is pretty fracking innovative Back to Topics
comprof

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Houston

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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
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honda0105
Champion Author Tallahassee

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Message Posted: Jun 24, 2013 5:45:17 AM

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

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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.
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jethro5000
Champion Author Kentucky

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Message Posted: Jun 19, 2013 6:52:04 AM

Yesterday's news
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Trudat316
Veteran Author Missouri

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Message Posted: Jun 19, 2013 2:13:13 AM

Fracking unbelievable!
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ExplorerWA
Champion Author Washington

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Message Posted: Jun 18, 2013 9:17:49 PM

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

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Message Posted: Jun 18, 2013 3:25:35 PM

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

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Message Posted: Jun 18, 2013 3:24:47 PM

technology keeps improving
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sarasotasingle
Champion Author Sarasota

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Message Posted: Jun 18, 2013 1:04:41 PM

OK
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Ticobird
Champion Author Huntsville

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Message Posted: Jun 18, 2013 10:11:37 AM

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

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Message Posted: Jun 18, 2013 9:02:57 AM

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

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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.
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sljbc475
Champion Author Tucson

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Message Posted: Jun 18, 2013 8:40:44 AM

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

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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.
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markcayer
All-Star Author Ottawa

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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.
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w4kh
Champion Author Tennessee

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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.
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broken80530
Champion Author Denver

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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!
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drillintheUSA
Champion Author Rochester

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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
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dudleydolittle
Champion Author Cleveland

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Message Posted: Jun 18, 2013 7:21:29 AM

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

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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.
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gmcgas
Champion Author Atlanta

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Message Posted: Jun 18, 2013 7:20:12 AM

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

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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.
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dylan126
Champion Author Cleveland

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Message Posted: Jun 18, 2013 7:19:06 AM

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

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Message Posted: Jun 18, 2013 7:18:05 AM

How about big Government WP
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MacDad614
Champion Author Atlanta

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Message Posted: Jun 18, 2013 7:17:19 AM

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

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Message Posted: Jun 18, 2013 7:17:09 AM

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

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Message Posted: Jun 18, 2013 7:17:05 AM

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

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Message Posted: Jun 18, 2013 7:17:04 AM

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

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Message Posted: Jun 18, 2013 7:15:45 AM

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

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Message Posted: Jun 18, 2013 7:15:37 AM

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

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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]
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cherican
Champion Author Ontario

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Message Posted: Jun 18, 2013 7:15:01 AM

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

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Message Posted: Jun 18, 2013 7:14:42 AM

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

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Message Posted: Jun 18, 2013 7:14:11 AM

More to export...
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Canucktree
Champion Author Alberta

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Message Posted: Jun 18, 2013 7:14:03 AM

Get er done!
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livewire300
Champion Author South Carolina

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Message Posted: Jun 18, 2013 7:13:42 AM

Huummm..
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livedream
Champion Author Michigan

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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.
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installer
Champion Author San Diego

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Message Posted: Jun 18, 2013 7:13:13 AM

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

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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.
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ExplodingGlass
Champion Author Maine

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Message Posted: Jun 18, 2013 7:13:07 AM

bah-zing!!!
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FMREALTOR
Champion Author Florida

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Message Posted: Jun 18, 2013 7:12:55 AM

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

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Message Posted: Jun 18, 2013 7:12:11 AM

Why? Big money.
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nugney
Champion Author Atlanta

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Message Posted: Jun 18, 2013 7:11:58 AM

ok
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RichWLIN
Champion Author Indiana

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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"
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racerdj
Champion Author Indianapolis

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Message Posted: Jun 18, 2013 7:11:08 AM

Good news for the USA.
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tndirtydawg
Champion Author Memphis

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Message Posted: Jun 18, 2013 7:10:32 AM

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

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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.
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JMW1942
Champion Author Michigan

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Message Posted: Jun 18, 2013 7:09:51 AM

Sounds good.
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kobes1
Champion Author Florida

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Message Posted: Jun 18, 2013 7:09:16 AM

At taking our money!
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dundasgas
Champion Author Hamilton

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Message Posted: Jun 18, 2013 7:08:19 AM

Whatever.
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biggyhy
Champion Author Milwaukee

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Message Posted: Jun 18, 2013 7:07:38 AM

ok
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