Is the US Shale Boom Going Bust?

B

Bonestorm

Thrillhouse
An article:

It's not surprising that a survey of energy professionals attending the 2014 North American Prospect Expo overwhelmingly identified "U.S. energy independence" as the trend most likely to gain momentum this year. Like any number of politicians and pundits, these experts are riding high on the shale boom -- that catch-all colloquialism for the rise of hydraulic fracturing and horizontal drilling that have unleashed a torrent of hydrocarbons from previously inaccessible layers of rock.

But this optimism belies an increasingly important question: How long will it all last?

Among drilling critics and the press, contentious talk of a "shale bubble" and the threat of a sudden collapse of America's oil and gas boom have been percolating for some time. While the most dire of these warnings are probably overstated, a host of geological and economic realities increasingly suggest that the party might not last as long as most Americans think.
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I don't know whether the shale boom is going bust or not, but "energy independence" is not a realistic policy goal absent a dramatic shift to alternative energy sources and increased conservation.


http://www.bloombergview.com/articles/2014-04-22/is-the-u-s-shale-boom-going-bust
 
Enerty independence can be achieved, and probably will be someday. The best way to shorten the timeframe for it is really a "kitchen sink" approach - which would include alternatives, shale & increased domestic drilling.

There are some good compromises to be had out there...
 
Bonestorm said:
An article:




I don't know whether the shale boom is going bust or not, but "energy independence" is not a realistic policy goal absent a dramatic shift to alternative energy sources and increased conservation.


http://www.bloombergview.com/articles/2014-04-22/is-the-u-s-shale-boom-going-bust
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Conservation? What idiot actually believes you can "conserve" your way to energy independence? What are you "conserving"? Let me guess you bought LED lights and a Prius? Aren't you swell.
 
Thing1 said:
Enerty independence can be achieved, and probably will be someday. The best way to shorten the timeframe for it is really a "kitchen sink" approach - which would include alternatives, shale & increased domestic drilling.

There are some good compromises to be had out there...
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I appreciate your optimism, but I don't see how it's feasible on any time frame absent cold fusion or some such radical development.
 
Thing1 said:
Who said conservation was the whole answer?

No one, that's who.
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It's really weird how much opposition there is to the "use less" idea. It's kinda like how some people think that the only way to lower the deficit is to reduce spending (and reject policies to increase revenues). They're usually the same people.
 
Who said that alternative energy wouldn't be part of the solution? The assumptions in the OP are assumptions made fallaciously. All forms of energy should be used to get us off the foreign energy teat.
 
Damocles said:
Who said that alternative energy wouldn't be part of the solution? The assumptions in the OP are assumptions made fallaciously. All forms of energy should be used to get us off the foreign energy teat.
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Uh, what "assumptions" are you talking about?
 
It's comical that turbolibs backhand the demise of us fossil fuels as if it is religious certainty.
We don't even look and drill in the most prolific areas due to Ecoterrorist policies.
Oil is way more expensive than it should be.
Liberals hurt poor people on this one.
Big time
 
The Dude said:
It's comical that turbolibs backhand the demise of us fossil fuels as if it is religious certainty.
We don't even look and drill in the most prolific areas due to Ecoterrorist policies.
Oil is way more expensive than it should be.
Liberals hurt poor people on this one.
Big time
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Like the poor people in Bangladesh?
 
The Dude said:
It's comical that turbolibs backhand the demise of us fossil fuels as if it is religious certainty.
We don't even look and drill in the most prolific areas due to Ecoterrorist policies.
Oil is way more expensive than it should be.
Liberals hurt poor people on this one.
Big time
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If we can find alternative fuels that don't pollute and are renewable it is better for humans and the planet.
 
Sardonic said:
If we can find alternative fuels that don't pollute and are renewable it is better for humans and the planet.
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true... but it is better for the environment if we produce more here in the US rather than rely upon foreign countries. Because HERE we can control the environmental standards of production. Not so much in Iran/Iraq/etc...
 
Superfreak said:
true... but it is better for the environment if we produce more here in the US rather than rely upon foreign countries. Because HERE we can control the environmental standards of production. Not so much in Iran/Iraq/etc...
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Iran/Iraq/etc. . . are going to produce oil regardless of what we do so I'm not sure that's a legitimate argument in favor of increased domestic production.
 
Bonestorm said:
Iran/Iraq/etc. . . are going to produce oil regardless of what we do so I'm not sure that's a legitimate argument in favor of increased domestic production.
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While alternatives develop, it's still a good idea to increase domestic production of fossil fuels. And Iran/Iraq won't produce as much if demand goes down.
 
Bonestorm said:
Iran/Iraq/etc. . . are going to produce oil regardless of what we do so I'm not sure that's a legitimate argument in favor of increased domestic production.
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yes moron... they will continue to produce... the world only uses so much oil in a given year. If the US increases production it will either reduce production elsewhere or it will drop the price of oil as there will be a glut. We all know that OPEC is not a fan of over supply. But do go on being your typical dumbass self.
 
Superfreak said:
yes moron... they will continue to produce... the world only uses so much oil in a given year. If the US increases production it will either reduce production elsewhere or it will drop the price of oil as there will be a glut. We all know that OPEC is not a fan of over supply. But do go on being your typical dumbass self.
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You're assuming that US production will be sufficient to offset any increases in demand. That's not a reasonable assumption. I mean, it's true that other countries will produce less than they otherwise would if the US did not increase production, but I doubt the net environmental impact would be all that significant.

Also, too, the negative environmental impacts of production are localized. So, like, increased domestic production is better for what "environment," exactly? Certainly not the environments where new production sites are in the US are located.
 
Bonestorm said:
You're assuming that US production will be sufficient to offset any increases in demand. That's not a reasonable assumption. I mean, it's true that other countries will produce less than they otherwise would if the US did not increase production, but I doubt the net environmental impact would be all that significant.

Also, too, the negative environmental impacts of production are localized. So, like, increased domestic production is better for what "environment," exactly? Certainly not the environments where new production sites are in the US are located.
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Try to get this through your thick skull... if the US produces ONE barrel more due to expansion, that is one barrel more that will be on the market. Same holds true for every barrel we produce due to expansion. I am glad you 'doubt' the environmental impact would be significant. So lets just not do anything. Because by golly it just won't matter. Seriously you are fucking retarded on this. It may be a small step, but every small step gets us closer to where we want to be. You seem to be of the mindset that if it isn't a total solution then we shouldn't do it. If so, the absurdity of such a position is precisely why little ever gets done.

It is better for the GLOBAL environment. Your nonsense is exactly the kind of NIMBY bullshit that we hear from the left. Constantly chanting that you want to clean things up, but when presented with the opportunity to do so, you wail about it being too close to home.
 
Uh, nice rant but I don't see any support for the supposed GLOBAL environmental benefits to increased domestic production of fossil fuels.
 
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