Tag-Archive for ◊ shale gas ◊

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• Thursday, December 06th, 2012

There have been many stories recently about how North America will achieve energy independence soon, and how the Peak Oil myth is dead (see: Marketwatch, the Wall Street Journal, the San Francisco Chronicle). Peak oil is not dead, it’s just sleeping. Math doesn’t go away just because you don’t like the answers.

The scale of the problem dwarfs any possible combination of solutions including: fracking, oil shale, natural gas, tar sands and biofuels. Here is a graphic from the car insurance association advising everyone to start planning for a radically different future when gasoline is very expensive. The question is not IF Peak Oil occurs, it’s just a matter of when:

Source: TransitionVoice

Peak Oil graphic

Author:
• Sunday, June 26th, 2011

Wow. This could be a game changer, if true.

The debate has always been: can shale gas be safely extracted from the Earth without poisoning drinking water? For more on that debate, see: Gasland the Movie.

The debate was never if this was a profitable business, until now…

Source: Pittsburgh Post-Gazette

“Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company, wrote to a contractor in a February e-mail. “Reminds you of dot-coms.”

“The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work,” an analyst from IHS Drilling Data, an energy research company, wrote in an e-mail on Aug. 28, 2009.

Company data for more than 10,000 wells in three major shale gas formations raise further questions about the industry’s prospects. There is undoubtedly a vast amount of gas in the formations. The question remains how affordably it can be extracted.

Category: Peak Oil, Water | Tags: ,  | One Comment
Author:
• Sunday, August 29th, 2010

Tap Water Lights on Fire after Gas drillingUpdate Sept 15: Quebec won’t halt shale-gas work

If anyone has the slightest idea that drilling for natural gas trapped in shale rock 1,000+ meters below the Earth is safe or sustainable, please watch the documentary film Gasland, which premiered on HBO a few days ago.

From the film, you clearly see that drilling for shale gas destroys any livable space around it. Kills it. Pollutes it. Wastes it.

You can’t live there. You can’t farm there. And you certainly can’t drink the water as evidenced by the many cases of tap water being lit on fire. That’s right – tap water – that burns.

We Quebecers are right to stop this shale gas drilling. If the drilling is allowed to occur, it will destroy the land which has already occurred far too often south of the border.

The broader question, of course, which this article fails to address is: how will Quebec or anyone else get natural gas in the future? The challenging truth is that, like petroleum oil, the easy-to-find natural gas has been found and burned.

Now what? Will we destroy our natural resources (air, land and water) just to extract and burn the last available bubbles of natural gas? It’s insane and it looks like the road we’re on unless we stop it.

Source: Globe and Mail

Thousands of metres beneath Quebec’s fertile and heavily populated St. Lawrence River valley, geologists believe up to 50 trillion cubic feet of gas reserves may be locked in hard shale. The rough preliminary estimate would place the field on a short list of the largest of its kind in Canada.

Before Quebec has even drafted its first oil-and-gas law to regulate the industry, exploration companies have obtained 600 permits and are drilling a half dozen wells to test the viability of Quebec’s gas reserves.

Shale gas would be the first major foray into fossil fuels in a province where the industry mainly pierces public consciousness for high prices at the pump, pollution, greenhouse gases or some distant environmental disaster…

At Sunday’s unveiling of the province’s plan, Mr. Arcand and Ms. Normandeau were booed and shouted down by several dozen protesters. An aide was forced to plead for calm and respect.

“Citizens have expressed their concerns, and we’ve heard them,” Ms. Normandeau said over a chorus of catcalls. “We have the responsibility to exploit such potential wealth … but we will be putting primary emphasis on the environment and on ensuring the social acceptance of any development.”

Many of the protesters were residents of Saint-Marc-sur-Richelieu, a small town about a 40-minute drive south of Montreal, where a mix of recently landed commuters and farmers have successfully stalled an early attempt at exploration by an Australian company.

Pierre Batellier, a university lecturer and leader of the local anti-drilling movement, said the town’s 2,000 residents are divided between people who welcome lease payments from drilling companies and other potential economic development and those who say Quebec is rushing into the unknown.

“There’s not a lot of tension in town, but it’s starting to grow as houses become harder to sell,” said Mr. Batellier, who teaches sustainable development at HEC Montréal, a business school.

Any oil and gas exploration would likely cause controversy in Quebec, but the “unconventional” methods used to reach shale gas promise to fuel opposition.

Exploration companies reach the gas through a recent innovation in drilling known as hydraulic fracturing, or “fracking.” Thousands of litres of water, sand and chemicals are blasted into the rock to break it up and release the gas.

Several communities in Pennsylvania, where drilling is running a frenetic pace, have complained of severe water contamination while New York state has put a hold on drilling. The industry insists the problems are isolated.

Quebec environmental groups and municipal associations have asked for a moratorium on drilling until more questions are answered.

The Quebec Oil and Gas Association – created just last year and led by former Hydro-Québec president André Caillé – has predicted the industry could create thousands of jobs and drive down the price of natural gas, which is nearly twice as expensive in Quebec as it is in Alberta.

The province and industry have promised a major public-relations campaign this fall to tout the benefits of gas exploration while environmental groups say they will mobilize opposition.