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Page added on March 22, 2012
Gas Set to Test Capacity Limits
The boom in natural-gas production has hit a new pressure point: The U.S. is running out of storage space.
Gas output has reached record levels in recent months, thanks in large part to the expansion of shale-gas fields. And the warm U.S. winter has reduced the amount of gas needed to heat homes and offices. That has filled storage facilities—often underground salt caverns or depleted oil and gas fields—to 57.8% capacity.
With forecasters anticipating a mild summer, reducing the need for air conditioning, and fields continuing to pump out gas, many market experts anticipate storage facilities will fill up…
13 Comments on "Gas Set to Test Capacity Limits"
Rusty Baker on Thu, 22nd Mar 2012 8:15 am
This article alone discredits any claim about peak oil or peak gas. We have at least a hundred years worth of natural gas here in the United States of America- let alone American coal which could supply us for the next 500 years. And the big oil companies are just beginning to tap into the Oil Sands of Canada and Deepwater Gulf of Mexico and Brazil. What’s more, the US still hasn’t even tapped the Oil Shale sittin’ out in the Rocky Mountains area; it is estimated that the USA has about a trillion barrels of oil trapped inside the abundant Oil Shale. That should supply us with crude oil for centuries. No need to worry here, folks, stop believing the liberal hype.
I’m sure that some peak oil theorist will comment below me and say “Why are oil prices so high, Rusty?” The reason oil prices are high is because of Mr. Obama’s lousy energy policies. He is subsidizing renewable energy companies like Solyndra and the Chevy Volt. Barack Hussein Obama is not investing money in oil drilling here at home, in the USA- he would rather bow and prostrate before a Saudi King because he is a secret Muslim. Realistically speaking, we could be energy independent if Obama would enact some good energy policies like approving drilling in ANWR, drilling off the coasts, more fracking for shale oil, tapping into the Oil Shale, more Deepwater drilling, building the Keystone XL Pipeline etc. Obama and the environmentalist left-wingers are hindering this oil from coming online and onto the market.
I think all of us here are familiar with Republican Presidential candidate Newt Gingrich claiming that he could bring down gasoline prices to $2.50 per gallon, but the fact is that he could bring down gas prices substantially lower. If Gingrich wins the 2012 election, ratifies drilling all over the US of A, and gets rid of all the environmental regulations, gasoline prices could reasonably be at or lower than 97 cents per gallon. And that would evidently make it morning in America all over again. We could all be filled with pride, joy and hope once more, the world would be better off. Let’s vote Gingrich 2012.
Mike on Thu, 22nd Mar 2012 8:42 am
Gas (NG) and Oil are very different Rusty. Peak Gas is a long way off. Peak Oil is happening around now and peak coal will happen in the late 2020s.
We have lots of oil left in the ground. Probably around 100 years. The problem is this oil is harder and more expensive to retrieve. If oil supply plateaus but demand increases then this will lead to a supply demand issue which will force prices up hugely. Economies will cease to function as they did before and will go into decline.
How this will play out is anyones guess. But it certainly wont be like what we’ve been used to. The major problem is that throughout history resource shortages have always led to war.
Please do some more reading about American oil independance, it is clear you are getting your information from bad sources (understandable given the current state of media). Peak Oil is not a right/left issue. In fact anyone still stuck in the blame game of Right/Left will have little ability to comprehend the reality of physical energy limits and the role this plays on civilisational rise and decline.
BillT on Thu, 22nd Mar 2012 9:05 am
Rusty…you are tripping again! lol.
You read some big petro propaganda posing as ‘news’ and suck it in as truth without any real research into the possibilities or motives.
There is also more gold in the oceans waters than has been dug up in the last 7,000 years, but, it will stay in the ocean’s waters because it cannot be retrieved economically in any quantity.
Likewise, there will be trillions of cubic feet of Natural Gas and maybe trillions of barrels of oil left in the ground when the Age of Petro Carbons comes to an end, for the same reasons. They cannot be gotten economically.
EROEI is not a suggestion, it is a natural law. There are other natural laws that work with it to foil technological ‘fixes’ in all areas.
For instance. The amount of information on a computer chip has doubled every so many years, and the chips get smaller and smaller, but it is approaching the point where we will be trying to put information on an atom and then on electrons, i.e. the end of the road is near for computing just like any other idea.
You really need to get up to date and educated, and stop watching the BS propaganda put out as ‘news’ in the Us. And get ready to start walking more…
DC on Thu, 22nd Mar 2012 9:11 am
With demand droping due to the shrinking economy in N.A., you have to wonder why so much drilling in the 1st place? If demand is down, drill less. Which would help a lot considering how toxic the current method is. Maybe they hope to sell it to people that can actually afford it. No wait..LNG is expensive and time consuming to move by ship. Maybe the FF industry just cant help themselves. Its drill drill destroy whether we actually need the gas or not. That whole infinite growth thing we got going simply cant deal with reduced demand….
Rusty does a good parody of your typical red-neck amerikan tool. Nice touch, the morning in amerika line!
BillT on Thu, 22nd Mar 2012 9:15 am
Rusty, you are smoking the good stuff again1 lol
I suggest you stop listening to the oil company propaganda that passes for ‘news’ in the Us and get educated. And learn to walk everywhere you need to go.
There will be trillions of cf of Natural Gas and maybe a trillion barrels of oil left in the ground when the age of oil is over. Why? EROEI.
EROEI is a natural law, not a ‘suggestion’. Just because something is there does NOT mean it is retrievable. The oceans hold more gold than has been mined in man’s history, and there it will stay.
BillT on Thu, 22nd Mar 2012 9:16 am
Sorry for the double post…lol. Computer glitch. The one in my head. ^_^
WilliamT on Thu, 22nd Mar 2012 11:21 am
DC, Rusty seems to live in his own world and it is not the real one as we know.
BTW: When did the local TSA start monitoring this site? I never had to be censored before? Several comments were deleted today and they were mild comments on another comment. I started to delete cookies, maybe that is it? Any comments?
dsula on Thu, 22nd Mar 2012 11:21 am
>> If Gingrich wins the 2012 election, ratifies drilling all over the US of A, and gets rid of all the environmental regulations
Thanks. A good reason not to vote for him, then.
MrBill on Thu, 22nd Mar 2012 3:16 pm
Rusty: “I’m sure that some peak oil theorist will comment below me and say “Why are oil prices so high, Rusty?” The reason oil prices are high is because of Mr. Obama’s lousy energy policies”.—-Seems to me it was higher ($130) under Bush-Cheney whom pretty much gave the indistry any and all it wanted. Your long term approach sounds like just more “Drill Baby Drill”.
Norm on Thu, 22nd Mar 2012 7:04 pm
Wall Street Journal…. starting to look more like Fox News, and thats half way to a supermarket tabloid.
Today WSJ also featured Karl Rove, writing up blather badmouthing Obama’s re-election video, so what about WSJ.
Here’s the real conspiracy… gonna poison the groundwater here in USA, so that all those formerly middle-class americans can drink plastic poison. And with all that natural gas thats produced, gonna export it as LNG to other countries so that they can waste it.
(and the process of liquefying and transporting, is an energy waste, so I hear, up to 30%)
Only people that win, will be the super-rich. Rah rah, WSJ. Rah rah, Rusty. Get behind their propaganda, get in your Escalade, and buy some junk from Costco, and vote Republican, c’mon you can do it.
MrBill on Thu, 22nd Mar 2012 8:34 pm
Norm, you are exactly right, the WSJ is owned by NewsCorp (Owned by Murdoch) which also owns FauxNews.
Windmills on Fri, 23rd Mar 2012 11:03 pm
Rusty, you give away your ignorance of energy issues multiple times, but the real treat is when you try to call oil shale (as opposed to tight oil) an energy source. What a joke. Try to educate yourself a little more and don’t just post verbatim from a political party playbook. Besides, this is hardly a partisan issue. Dick Cheney was well aware of it. Matt Simmons was an energy advisor to Bush and he was a leader in peak oil for quite some time.
Kenz300 on Sat, 24th Mar 2012 3:32 pm
WSJ is now owned by News Corp. The same as agenda driven news from FAUX Noise. We are seeing the connections between the media, police, politicians and the wealthy being exposed in Britain because of the phone hacking scandal. The concentration of media ownership has led to agenda driven reporting.