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I thought they figured out a way to get it out of the ground that involved freezing or some other weird thing. And, that the energy ratio (how much energy you put in versus what you get out) was positive...meaning that it is recoverable and viable.
I thought they figured out a way to get it out of the ground that involved freezing or some other weird thing. And, that the energy ratio (how much energy you put in versus what you get out) was positive...meaning that it is recoverable and viable.
They do have ways to get at this resource and the technology is continuing to develop. Should the need arise, that oil will be obtained. It is not clear that there will be the need. The development of alternative and less harmful energy sources may well eliminate that need, as well as provide new industry that we desperately do need.
We need to burn imported oil to provide the energy for us to develop the alternatives so we can reserve our petroleum supplies for petrochemical feedstock instead of fuel.
The greatest economic risk to the oil oligopolies is having several of the suppliers pump a fast as they can and flood the world with cheap oil. This would cause a collapse in prices and bankrupt many of the companies. The problem is how to keep the monopoly intact so the prices remain stable and the monopoly profits guaranteed.
I thought they figured out a way to get it out of the ground that involved freezing or some other weird thing. And, that the energy ratio (how much energy you put in versus what you get out) was positive...meaning that it is recoverable and viable.
Supposedly its EROEI is around 1.2:1 given the most optomistic calculations. Compare that with conventional oil at around 20:1. SHALE OIL WILL NEVER REPLACE CONVENTIONAL OIL. Why? It will always remain difficult to extract, hence its low EROEI and value as an energy source. This affects flow rates- the harder it is to extract the slower it comes out of the ground. Production volumes will always be low because of this. To those that claim oil will just get more expensive- we need large volumes of CHEAP oil to allow economies to function.
I realise this is bringing a highly doubtful idea/suggestion into the topic........but why are we concentrating on oil anyway? Oil is old hat and it is only the oil barons who want to continue to extract as much money from their resource as possible while we continue to think that is all there is.
We have been using nuclear power in space craft for decades.
We have nuclear powered submarines.
The government have been buying up and confiscating any and all alternative 'free energy' devices for decades. They already have free energy devices, it is we poor saps who are still stuck with oil produced energy.
There are UFO-like craft that we have developed that do not need oil-based products to produce their energy. So many people have reported UFOs and so many people do not believe in aliens.... so -
1) Who makes them? (answer - we do).
2) where do they come from (answer - secret military bases)
3) how are they powered without jet engines and oil fuel? (answer new technology)
Why do we need oil any more?
Forget about oil. Ask where the new technology is.
Shale oil isn't going to be cheap really. First we will see the sand tars used because its cheaper. We do need to get serious because china is buying up oil contract like it ends tomorrrow. bascailly its hard to do anyhting on energy that is politically connected lie methnol in this country really.In the meantime evntually we will not only import more oil into this country but actully more refined products.Just as we are importoing mroe ans more LNG gas and expanding the ports to handle it altho qwe have alot of natural gas areas in this country;but politics make it not worth the trouble more and more.
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