Re: Is the UK entering its last decade of oil and gas produc
Posted:
Sat 16 Dec 2017, 13:58:05by AdamB
pstarr wrote:This in spite of rockdoc's obsessive insistence that UK will fract it's shale. That won't happen. I kept telling him you can't ran shale-oil trains through the Chunnel. The French would never stand for it, because they run their perfume that way. Nor will the UK import oil. There is no excess, even Norway is running down.
You wouldn't even know about the shale if the US hadn't rearranged the global business model around pricing it..using source rock production.
And this title is a crock, because it does ignore the Bowland. The UK can probably do the same thing the US did, so, like I said, the conclusion in the title is a crock. The UK might being entering its last decade.....IF THAT IS WHAT IT DECIDES TO DO....because it can certainly choose to do something else.
Re: Is the UK entering its last decade of oil and gas produc
Posted:
Mon 01 Jan 2018, 21:13:53by Subjectivist
The North Sea is seriously depleated at this point because of the pumpas fast as you can. If they had limited exploitation to internal consumption rate, as any industrialized power could have in the 1990’s they would just now be starting to i port again and would have decades of cushion to live on.
Re: Is the UK entering its last decade of oil and gas produc
Posted:
Mon 09 Jul 2018, 08:46:29by Tanada
Natural gas is vital to the UK economy. During the boom in the 1990's when the North Sea was robustly growing the vast quantities of associated gas lead to some very foolish decisions about shutting down older nuclear plants and all the coal plants and replacing them with natural gas, some for baseload and some for peaking.
Then the UK area of the North Sea peaked out because they had been drilling as fast and as hard as they could instead of at a more measured pace. As a consequence their associated gas fell off a cliff and their pure gas wells were not able to make up the shortfall. Now the UK has to import gas from the continent through the same pipelines they originally built to export gas when they had an abundant supply.
The incentive to develop tight gas formations is tremendous in the UK and I am sort of surprised they held out for six years before granting permission once again in the last couple years. There is also a big push in the background for underground coal gasification. That has even more incentive because it eliminates three of the largest complaints about coal burning. Those complaints being mining waste, coal ash, and danger to miners. Underground coal gasification goes first after the deepest and least accessible by standard means coal beds.
Re: Is the UK entering its last decade of oil and gas produc
Posted:
Mon 09 Jul 2018, 12:58:34by Outcast_Searcher
Are we REALLY going to pretend that economics, re oil prices won't affect oil fracking in places like Europe where, thus far, they've declined to do it?
Because, I think if the cost of oil gets high enough due to supply/demand factors such as the wails about not enough replacement oil continuing even if oil climbs to, say, $150 or so on a sustained basis -- then governments will be a lot more enticed (or even compelled) by the revenue streams they're likely to get from allowing such oil fracking. And at such prices (or maybe much higher), it's not like the oilcos can't afford to spend a few bucks a barrel on extra environmental / cleanup operations, now is it?
Unless oil prices remain relatively low over time due to supply being able to meet demand overall, the frackable oil will be fracked. The main issue is what prices will be required. (And that might well hinge on overall economic and demographic conditions, of course. Ironically, the expenses from AGW expenses could well help feed the demand for such revenue.)
Re: Is the UK entering its last decade of oil and gas produc
Posted:
Mon 09 Jul 2018, 19:16:48by Tanada
Outcast_Searcher wrote:Are we REALLY going to pretend that economics, re oil prices won't affect oil fracking in places like Europe where, thus far, they've declined to do it?
Because, I think if the cost of oil gets high enough due to supply/demand factors such as the wails about not enough replacement oil continuing even if oil climbs to, say, $150 or so on a sustained basis -- then governments will be a lot more enticed (or even compelled) by the revenue streams they're likely to get from allowing such oil fracking. And at such prices (or maybe much higher), it's not like the oilcos can't afford to spend a few bucks a barrel on extra environmental / cleanup operations, now is it?
Unless oil prices remain relatively low over time due to supply being able to meet demand overall, the frackable oil will be fracked. The main issue is what prices will be required. (And that might well hinge on overall economic and demographic conditions, of course. Ironically, the expenses from AGW expenses could well help feed the demand for such revenue.)
That is exactly why I took the pragmatic position back in 2005 that all National Parks and ANWAR should be explored for oil ASAP so that if resources were discovered they would be extracted while environmental concerns were still taken into account. It has always been my position that when prices get high enough those areas will be explored, but if people are desperate for supply due to peak oil the environmental controls will be 'set aside' or 'suspended for the duration of the emergency' or other lawyer words. Those words effectively mean to heck with the environment we need that petroleum badly enough to say 'too bad so sad' to anything we make extinct in the process.