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The Forum > Article Comments > Huge backlog could trigger new wave of shale oil > Comments

Huge backlog could trigger new wave of shale oil : Comments

By Nicholas Cunningham, published 24/1/2019

The explosive production figures in 2018 seem higher than last year's rig count justified.

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When the only thing this or that company can post is their debt burden and the demands by financiers for some debt reduction!? Producers of tight oil have no other choice than ramp up production to ensure cash flow.

And assisted by OPEC and those also brain dead countries which have weaponized oil. By limiting production to force up prices/drive the customer base to all the alternatives.

One of which is coal and or its methane content. Compressed Methane will power most internal combustion engines. And scrubbed, electricity-producing fuel cells! For a fraction of the cost of refined fuel.

[Or natural gas, given the numbers of totally unproductive drones it has to support or grease?]

But particularly if keep out of the economy destroying, rapacious hands of current fossil fuel moguls, oligarchs/paper shuffling profit demanding, tax avoiding, profit repatriating middlemen who add nothing, save their profit demands!

We have over 700 years worth of coal! And scrubbed methane used as Compressed fuel produces around 40% less CO2 than refined imported fuel.

Moreover, used in diesel engines it not only produces less CO2 but practically no particulates, into the bargain.
Alan B.
Posted by Alan B., Thursday, 24 January 2019 11:30:12 AM
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