ROCKMAN wrote:dashter - "In the last decade, oil experts, geologists, and policy makers alike have warned that a peak in oil production around the world was about to be reached and that global economic distress would result when this occurred. But it didn't happen. The "Peak Oil" Scare and the Coming Oil Flood refutes the recent claims that world oil production is nearing a peak and threatening economic disaster by analyzing the methods used by the theory's proponents. Author Michael C. Lynch, former researcher at Massachusetts Institute of Technology (MIT), debunks the "Peak Oil" crisis prediction and describes how the next few years will instead see large amounts of new supply that will bring oil prices down and boost the global economy."
That's all I needed to read to know this book is a waste of time. The same old tired straw man approach: use those foolish date predictions to discount the entire predicament of resource depletion. No "economic distress"? What f*cking rock have they been living under. LOL. I guess they missed the stories about the thousands of US military deaths, $trillions in pissed away US tax payer money and countless civilian deaths in what essentially amounted to a resource war disguised as "exporting democracy" and fighting terrorism. That stupidity is even more obvious looking at the world events today which also includes the oil price crash.
Yes: same old point: the POD. They can piss and moan about those inaccurate PO date predictions all they want. But it doesn't disprove the effects of the continuous depletion (regardless of the production rate at any particular time) of our fossil fuel resources. Which is why they'll tend to focus on the past and avoid discussing the details of the world's fate decades down the road. They consider the current low oil prices as proof of the unimportance of PO ignoring the simple fact that the low prices will increase consumption and accelerate depletion while killing much of the incentive to find new reserves.
Yeah, its so much more enlightening to read books such as 'Hydraulic Fracturing' by Michael Berry Smith and Carl T. Montgomery CRC Press @ 2015, 812 pages
"The petroleum engineering academic and industry communities also
are aggressively pursuing nanotechnology with the hope of identifying
innovative solutions for problems faced in the overall process of oil and
gas recovery."
"This book is intended to try
and condense this huge amount of information into something that the practicing
engineer can use. At times, it appears that hydraulic fracturing as a
technology is a victim of its own success; “It works!” so well that the fact that
it could work much better is lost. Unlike drilling technology that has seen
huge improvements over the last decade, fracturing technology still resides
in the arena of technologies that were, for the most part, developed in the
1950s and 1960s.
There are many companies out there that still think that
getting all the vast inventory of trucks, equipment, water, etc., to one location
and then to the next location is “fracture optimization.” That is a very important
part of the fracturing process, but it is “logistics optimization” and has
nothing to do with optimizing the fracture. The whole design process should
be focused around matching the fracture design to the needs of the reservoir.
If the engineer can just remember that fracture “conductivity” to maximize
productivity at the minimum cost is the goal, they will improve the productivity
and profitability of their well sometimes in a spectacular manner.
This book is designed to lead the fracturing engineer through the process of
maximizing the wells’ productivity, and if the reader will follow the ideas
and processes outlined in the book, there will certainly be additional success.
To aid in the learning process, there are several design problems including
a description of the well, a design spreadsheet, and a solution to each of
the designs using a simple 2D fracturing model at the URL specified in the
preface. Chapter 18 solves one of these problems by coupling the appropriate
equation with the solution using the techniques described in the book."
In summary,
a) Nano-bullshit will save the oil and gas industry like every other industry.
b) It "works so well" that in the book 'Economic Viability of Micropolitan America' whereby mayors of cities of 10,000-50,000 people were interviewed, not a single mention of hydraulic fracturing or the oil business in general.
Outcast_Searcher is a fraud.
