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War of the Worlds invades north Texas

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  • Mad_Son
    Mad_Son Member Posts: 10,194
    topdawgnc said:

    Who cares about fracking.

    We have enough natural gas under our feet to completely be energy free ...

    too bad nobody in Amerika wants to go after it in a true fashion.

    Any other country would be doing the happy dance.

    I oversimplified economic terms: supply >>> demand.

    The price point just isn't there right now. If we get back to $12 gas the amount of development that goes on will be crazy.
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  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    Mad_Son said:

    topdawgnc said:

    Who cares about fracking.

    We have enough natural gas under our feet to completely be energy free ...

    too bad nobody in Amerika wants to go after it in a true fashion.

    Any other country would be doing the happy dance.

    I oversimplified economic terms: supply >>> demand.

    The price point just isn't there right now. If we get back to $12 gas the amount of development that goes on will be crazy.

    Either way, it'll be interesting.
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  • Tailgater
    Tailgater Member Posts: 1,389
    It may not be true, but I read somewhere recently that NG has become a major export that economically helps bigtime to offset our huge need for fossil fuel imports and it seems the lower cost of NG availble from shale mining by fracking is what makes this exporting feasible. Obviously, the higher cost of tapping more easily available NG is due to Big Oil and other fossil fuel based energy corporate pigs owning most of the known NG resources and they would rather frack the fuck out of America's geology while they still can get away with it. The cheaper to pump NG will always be there to gouge the market with later when other sources are no longer available.
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  • Mad_Son
    Mad_Son Member Posts: 10,194
    Tailgater said:

    It may not be true, but I read somewhere recently that NG has become a major export that economically helps bigtime to offset our huge need for fossil fuel imports and it seems the lower cost of NG availble from shale mining by fracking is what makes this exporting feasible. Obviously, the higher cost of tapping more easily available NG is due to Big Oil and other fossil fuel based energy corporate pigs owning most of the known NG resources and they would rather frack the fuck out of America's geology while they still can get away with it. The cheaper to pump NG will always be there to gouge the market with later when other sources are no longer available.

    NG is not really exportable. LNG is exportable but we do not have many LNG plants relative to the amount of NG we are capable of producing. While fracking has drastically helped make new unconventional resources available, if people can find conventional gas plays now they will produce them now. They provide better rates than tight sands or shale gas plays, even with fracking.

    Also, Big Oil has a hard time competing with small independents in NG because NG is cheap right now and those without huge overhead can access lower margin fields, which is what a lot of NG is. Mind you, the right companies in the right places can still make it work. ConocoPhillips has been doing really well in the Eagleford and in Michigan for example.
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