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Old 06-14-2018, 04:41 AM  
HonestChieffan HonestChieffan is offline
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US Oil Industry on verge of a major expansion

Look what happens when American business is allowed to do amazing things and the Socialist policies of control, contain, and deny are lifted.

http://time.com/5187074/fracking-ene...l-natural-gas/

U.S. oil and natural gas is on the verge of transforming the world’s energy markets for a second time, further undercutting Saudi Arabia and Russia.

The widespread adoption of fracking in the U.S. opened billions of barrels of oil and trillions of cubic feet of natural gas to production and transformed the global energy sector in a matter of a few years. Now, a leading global energy agency says U.S. natural gas is about to do it again.

The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas.

“Non-OPEC supply growth is very, very strong, which will change a lot of parameters of the oil market in the next years to come,” Fatih Birol, the head of the International Energy Agency, told reporters at the CERAWeek energy conference hosted by IHS Markit. “We are going to see a major second wave of U.S. shale production coming.”

Republicans politicians and policymakers celebrated the news and sought to take credit for the development. Trump has sought to portray himself as a savior of the U.S. oil and gas industry, opening up federal lands to oil and gas development at a breakneck pace and undoing Obama-era climate regulations.

But analysts attributed the growth in U.S. production to market factors rather than Republican policy. In the report, the IEA forecast that higher oil prices and increased demand from China and India will trigger increased U.S. output to make up the gap. The IEA also predicts that demand for petrochemicals used in plastic will grow overall demand for oil.

Still, the White House sent out a press release highlighting the report on Monday. Republican Sen. Dan Sullivan of Alaska told reporters at CERAWeek that Republican dominated Washington has transformed the federal government from being “basically hostile” to oil and gas under President Obama to actively supporting the industry’s growth. (In reality, Obama promoted natural gas as part of an “all of the above” energy strategy and his signature climate change regulation would have benefited the fossil fuel.)

“There’s never been a more exciting time in the American energy sector,” Sullivan told oil and gas industry insiders. “The American energy renaissance that so many of you in this room are responsible for is now in full swing.”

A second rise in U.S. oil production comes with significant implications for both the global energy markets and geopolitics more broadly. The U.S. supply of oil and natural gas has contributed to political upheaval in the Middle East, creating new competition for oil exports, and in Russia, a leading supplier of natural gas to Europe.

Alexei Texler, Russia’s first deputy energy minister, acknowledged that U.S. shale “poses certain risk” Tuesday but said his country would continue collaborating with partners in Saudi Arabia and elsewhere in response.

“In a shale revolution world, no country is an island,” said Birol. “Everyone will be affected.”

More good info:

https://cleantechnica.com/2018/03/08...2023-says-iea/
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Old 06-15-2018, 11:30 AM   #46
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In short, along time, if ever. This one took forever to get approved, I mean forever. Every tree hugging, environmental greenie, hippy, granola crunching group came out of the woodwork and threw up lawsuits and objection's.

They were saying it was going to harm, rodents, bugs, you name it, anything they could come up with. It's not, but they just wanted to play the obstructionist game.

Keep in mind this place is in the middle of the boondocks in BF North Dakota, with nothing around it.
Of course. And when I was in over in Washington I knew a lot of people going on over there for work
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Old 06-15-2018, 11:30 AM   #47
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Luckily for us, evil Big oil has expanded existing refineries in order to meet demand. They really didn't have another option.
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Old 06-15-2018, 11:32 AM   #48
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Luckily for us, evil Big oil has expanded existing refineries in order to meet demand. They really didn't have another option.
Exactly, I have sold a lot equipment for refinery expansions.
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Old 06-15-2018, 11:34 AM   #49
chiefzilla1501 chiefzilla1501 is offline
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Good, because it really isn't even close.

It seems they gave solar a good try, but realized what you just agreed to. That it isn't an efficient source of energy.

Aggressively suing? Who? When?
Chevron owns the patent to nimh batteries. Panasonic built a much better mouse trap and chevron sued and won. Meanwhile they sat on the technology, refused to sell it, refused to license it.

Who gave solar a good try? The oil companies who literally have negative incentive to make it work? China is doing it now. They are cleaning our clock even though we have an enormous first mover advantage. Surprise, turns out solar can be scaled and sold a shitload cheaper. Surprise, the battery market became significantly improved when cell phone makers (not oil companies) were motivated to build a better battery. Noticing a trend here? Alternative energy is one thing. Give me one good reason why oil companies should have essentially a monopoly over substitute energy sources. That is anti competitive behavior, is it not?
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Old 06-15-2018, 11:38 AM   #50
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Chevron owns the patent to nimh batteries. Panasonic built a much better mouse trap and chevron sued and won. Meanwhile they sat on the technology, refused to sell it, refused to license it.

Who gave solar a good try? The oil companies who literally have negative incentive to make it work? China is doing it now. They are cleaning our clock even though we have an enormous first mover advantage. Surprise, turns out solar can be scaled and sold a shitload cheaper. Surprise, the battery market became significantly improved when cell phone makers (not oil companies) were motivated to build a better battery. Noticing a trend here? Alternative energy is one thing. Give me one good reason why oil companies should have essentially a monopoly over substitute energy sources. That is anti competitive behavior, is it not?
Really? It doesn't sound so bad:

https://en.wikipedia.org/wiki/Patent...NiMH_batteries

I really don't have a problem with a company protecting its interests, anyway. And, it still isn't clear that what you claim is accurate.

How did Musk get Solar City off the ground if these evil Big Oil companies prevent people from exploring PV technology?
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Old 06-15-2018, 11:46 AM   #51
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Zilla sacrificing credibility to his addiction to rants.

No one is making concerted efforts to stifle innovation in order to preserve their inferior market.

Fuels have an inborn, well-established, advantage in availability, cost, reliability, portability and energy density that alternatives are being strenuously vetted to somehow come close to matching.

The shortcomings of solar and storage technologies are shortcomings of the universal laws of physics, not some nefarious conspiracy by shadow organizations.

I welcome improvement, but this narrative that there are vast improvements that are being hidden from us is pure bullshit.
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Old 06-15-2018, 11:46 AM   #52
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Luckily for us, evil Big oil has expanded existing refineries in order to meet demand. They really didn't have another option.
I have no problem with expanding capacity and deregulation of refineries. By all means, make it better and efficient and let's continue to prove that it's a superior energy option to the alternatives. Right now it still is. But let's not kid ourselves about how supply has been manipulated to control demand.
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Old 06-15-2018, 11:52 AM   #53
Bwana Bwana is offline
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Of course. And when I was in over in Washington I knew a lot of people going on over there for work
One of the big holdups was over gophers. The ecobags were claiming it would hurt the population. The refinery will have zero impact on the gopher population.

I mean, the entire area is sage brush and hills for miles. If a gopher population wants to move, they move over to the next hill, with or without a refinery in the picture.

The flower children managed to make the refinery do a bunch of environmental gopher impact studies and in the end, it proved what everyone already knew, that it would have zero impact on the vile ground rodents.

Like I said, the crusty greenies didn't want the refinery to be built, so they were pulling horse shit excuse out of the wind they could think of to delay it.
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Old 06-15-2018, 12:06 PM   #54
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Zilla sacrificing credibility to his addiction to rants.

No one is making concerted efforts to stifle innovation in order to preserve their inferior market.

Fuels have an inborn, well-established, advantage in availability, cost, reliability, portability and energy density that alternatives are being strenuously vetted to somehow come close to matching.

The shortcomings of solar and storage technologies are shortcomings of the universal laws of physics, not some nefarious conspiracy by shadow organizations.

I welcome improvement, but this narrative that there are vast improvements that are being hidden from us is pure bullshit.
And yet China scaled solar and they're producing it dramatically lower cost even though we own the tech and the patents. Weird how that works. But let's step away from solar for a second because it's an energy alternative, not really a substitute.

You do realize that batteries literally cannibalize the majority of the oil market, right? You agree that the oil industry has a massive incentive to not want that to succeed, right? So give me one good one reason why they should monopolize the patents and why they would even try any good faith effort whatsoever to make batteries work? If you think the battery is set to fail, then why would you have a problem with letting someone other than the oil try to legitimately scale this without the roadblocks?

Because the "shortcomings" argument doesn't fly anymore when it comes to electric. Electric is enormously easier to build because it doesn't require complex internal combustion engines. And it's significantly easier to integrate with technology like driverless. And ESPECIALLY for public transportation and Uber/Lyft. Even Big Auto is recognizing this much as they don't want to.
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Old 06-15-2018, 12:15 PM   #55
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I don't know why it's unreasonable to ask that big oil/big auto not hoard all the patents to a technology they have enormous incentive to want to fail. Open it up and let the technologies fail on their own merits, if you're convinced the technology is inferior. Or maybe China, who doesn't give a **** about IP, will do that in our place.
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Old 06-15-2018, 12:34 PM   #56
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I don't know why it's unreasonable to ask that big oil/big auto not hoard all the patents to a technology they have enormous incentive to want to fail. Open it up and let the technologies fail on their own merits, if you're convinced the technology is inferior. Or maybe China, who doesn't give a **** about IP, will do that in our place.
So, how did Tesla outfox these Big Oil/Big Auto roadblocks?
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Old 06-15-2018, 12:46 PM   #57
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Who gives a damn about gophers?!

Humans come first.
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Old 06-15-2018, 01:07 PM   #58
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Who gives a damn about gophers?!

Humans come first.
Normally people that look like this.

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Old 06-15-2018, 01:11 PM   #59
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Originally Posted by chiefzilla1501 View Post
I have no problem with expanding capacity and deregulation of refineries. By all means, make it better and efficient and let's continue to prove that it's a superior energy option to the alternatives. Right now it still is. But let's not kid ourselves about how supply has been manipulated to control demand.
Not how it works
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Old 06-15-2018, 01:33 PM   #60
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So, how did Tesla outfox these Big Oil/Big Auto roadblocks?
Patents expire. I believe the Nimh patent expired a few years ago, and by now the market has built around different tech. There are ways around it.

Tesla isn't going to take over this tech on its own. Tesla is trying to innovate by open sourcing the patents. Knowing that other competitors can improve the technology. Knowing that he needs Big Auto to adopt much of the technology because it doesn't work unless it's scaled. That's the way this should work. And now, it's starting to trend that way. But not after patent trolling to stall the inevitable. If all of Big Auto is colluding against every single technology, you can't expect Tesla alone to build all the charging stations to justify the capital investment. It really took the cell phone market and China, and not the internal drive to innovate, to get us here.
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