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The Forum > Article Comments > US shale has a glaring problem > Comments

US shale has a glaring problem : Comments

By Nicholas Cunningham, published 26/10/2018

The WSJ analyzed 50 companies, finding that they spent a combined $2 billion more than they generated in the second quarter.

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Yes, there is record production. And given it is shale oil. only maintained by ever increased drilling. This is dog chasing tail stuff. the faster he runs, the quicker the tail goes to escape the pursuing jaws! Oil prices have been considerably higher, but not the price-gouged price we pay at the bowser.

If these folk have a lazy two billion?

Then they and the economy would be better served If they invested it in MSR thorium. Then used the cheap carbon-free energy from that to turn seawater into endlessly sustainable, cheap alternative fuel and with just a single upfront outlay.

Get about twenty new reactors for that sort of money?

Moreover, with proven and road tested science.

Can we run out of seawater or human waste? Both of which can be turned into fuel for conventional, internal combustion engines. Or as my Grandfather would have quipped, infernal dustbin engines. Or, motor cars will never catch on!

Wonder what he'd make of the wall to wall rolling traffic jam of the daily commute in some of our larger cities. Or the traffic caused smog in cities like Shanghai?
Alan B.
Posted by Alan B., Friday, 26 October 2018 11:02:33 AM
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The success of fracking may be what keeps Trump in power. Ergo if it tanks then Trump's political approval could nosedive. It rankles deep greens that the US has cut emissions more than other countries due to cheap gas displacing coal.

You have to think US shale production will peak by 2020 if not before due to key players going broke. Not 2025 or 2030 as optimists believe. Australia's BHP got out of US shale and they have a few clues. Ironically the US may have an early mover advantage in electric cars.
Posted by Taswegian, Friday, 26 October 2018 1:13:42 PM
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"Then they and the economy would be better served If they invested it in MSR thorium."

My predictive powers are awesome...
http://forum.onlineopinion.com.au/thread.asp?article=19997#353364

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Yet another article from oilprice.com beating up the coming oil problems. If we believe them oil is always on the verge of collapse. Shale, for some, isn't currently profitable. But that is mainly due to the massive debt these companies have. Either they're all idiots or they see profits down the road. Even if they collapse due to the debt the oil is still there and those who inherit the infrastructure of these failed companies will find profits without the overhanging debt.
Posted by mhaze, Saturday, 27 October 2018 10:15:43 AM
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Yes mhaze, I saw the same scenario being played out in the Great Barrier Reef tourist industry many times.

Some brave person/company would develop a resort, attraction or tourist boat operation. The greenies would foam at the mouth about this destruction of the planet by get rich quick developers.

The "get rich quick" operator would go broke, trying to cover borrowings. Perhaps the second owner who bought in cheap, or perhaps the third who got it really cheap would make a go of the thing, using cheap working holiday type staff to work it.

Suddenly the greenies would decide it wasn't so bad, & start patronising the place. You have to wonder if they ever think enough about things enough to have anything but a knee jerk reaction to anything.
Posted by Hasbeen, Saturday, 27 October 2018 12:38:02 PM
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Agree with this:
Then they and the economy would be better served If they invested it in MSR thorium. Then used the cheap carbon-free energy from that to turn seawater into endlessly sustainable, cheap alternative fuel and with just a single upfront outlay.
Posted by tomashin, Sunday, 28 October 2018 12:18:02 AM
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For decades we now know that scientists working for big tobacco and asbestos were telling their employers one thing and the gullible public another.

Not that long ago, reports of similar juxtapositions inside the fossil fuel industry. Where their scientists/paid for mouthpieces were confirming the role of CO2 in climate change to their respective bosses then the opposite to the massively mislead public?

Why?

3-4trillion dollars a year and 3-4 trillion reasons for this patent deception, supported by oil advocates like Mhaze?

I predict that we will have operational MSR thorium power long before we ever run out of oil! And inside the next 15-20 years! Perhaps even here?

And when that day finally dawns and is forced into being by the sheer power of unrelenting people power! The oil barons/oligarchs will be forced to almost give their oil away! Their political support exposed and driven into the political wilderness to survive without the privileges of power or unearnt privilege. Work support payments ( the dole) to ensure they are more than adequately rewarded for their actual, real service!?

Some even cooling their heels as guests of HMR incarceration. On Manus or Nauru perhaps, for at least a minimum of five years for uttering and deceiving the house/the paying public? Bring on a Federal ICAC!

Mhaze. You can fool some of the people all of the time, all of the people some of the time, but not all of the people all of the time!
Alan B.
Posted by Alan B., Sunday, 28 October 2018 11:12:40 AM
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Al

Does tomasin speak Latin. Why don't you test him out?
Posted by diver dan, Sunday, 28 October 2018 12:38:35 PM
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