coffeeguyzz wrote: ........
For you folks who have limited knowledge of the hydrocarbon industry - especially those who think scarcity is immanent - this Ohio report, along with last week's Pennsylvania release - should provide hard evidence that the US possesses an almost unfathomable amount of natgas.
Appalachia Rising!!
WHY IS THERE SO MUCH NATURAL GAS SUPPLY?
The Permian is the nation’s largest shale oil field, where production now exceeds more than 4 million barrels per day (bpd). But oil output also produces what is known as associated gas, seen by crude drillers as a waste product to be burned off or “flared” because there are not enough pipelines to remove it.
Construction of new oil and gas pipelines in the Permian has not kept up with output, which has more than doubled over the past three years as the United States has risen to become the world’s largest oil producer.
But while oil can be stored in tanks and transported by truck or train, gas can only be transported by pipe, burned, or if special equipment is available, re-injected into the ground.
Recently, compressor problems on a pipeline in New Mexico exacerbated the problem, as it closed off a key artery for the gas.
HOW MUCH GAS IS BEING FLARED?
It depends on who you ask. Permian drillers flared a record 0.4 billion cubic feet per day (bcfd) in the third quarter of 2018 and are expected to flare at least 0.6 bcfd by mid-2019, according to Oslo-based energy data provider Rystad Energy.
One billion cubic feet of gas is enough to fuel about 5 million U.S. homes for a day.
Permian flaring came to 0.15 bcfd and 0.11 bcfd in 2017 and 2016, respectively, according to Texas Railroad Commission data interpreted by the Environmental Defense Fund (EDF), an environmental group.
US energy department rebrands fossil fuels as 'molecules of freedom'
Press release from department said increasing export capacity is ‘critical to spreading freedom gas throughout the world’
America is the land of freedom, as any politician will be happy to tell you. What you don’t hear quite so often is that the stuff under the land is also apparently made of freedom as well. That is, at least according to a news release this week from the Department of Energy (DoE).
Mark W Menezes, the US undersecretary of energy, bestowed a peculiar honorific on our continent’s natural resources, dubbing it “freedom gas” in a release touting the DoE’s approval of increased exports of natural gas produced by a Freeport LNG terminal off the coast of Texas.
“Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy,” he said.
The concept of “freedom gas” may seem amorphous, but it’s actually being measured down to the smallest unit.
“With the US in another year of record-setting natural gas production, I am pleased that the Department of Energy is doing what it can to promote an efficient regulatory system that allows for molecules of US freedom to be exported to the world,” said Steven Winberg.
It’s unclear if members of the Trump administration attempting to assign patriotic intentions to natural gas are aware of the silliness of the concept, but Rick Perry seems to believe in it.
“Seventy-five years after liberating Europe from Nazi Germany occupation, the United States is again delivering a form of freedom to the European continent,” the energy secretary said earlier this month, according to EURACTV.
“And rather than in the form of young American soldiers, it’s in the form of liquefied natural gas.”
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Age of Gas is right around the corner, folks.
sparky wrote:.
Meanwhile in Europe the pipeline wars are full on
Nord stream 2 is being impeded by the Danish environment agency asking for a third assesment on the pipeline route
the Opal pipeline can be used by Gasprom for only 50% capacity ( it's the only supplier )
Turk-stream is nearly finished and the Bulgar government has finally given the OK to the extension toward Serbia
all of this is mere background to the main issue , the renewal of supply transit conditions through Ukraine to the EU
while the EU own gas production is declining
last week tripartite talks ( EU Ukraine Russia ) went nowhere and they will meet again in October
the decade long contract expire in end of December , stopping all other pipelines is creating pressure on Russia
while the Ukrainian position is rather weak in spite of US / Polish support
in the other direction the link to China , called "power of Siberia" is being filled with gas now for final testing
sparky wrote:.
Well , things are moving ,
Denmark has approved the Nord Stream 2 pipeline route through its territorial waters
it seems like the Ukrainian goose if cooked
sparky wrote:.
The Transit fees were used as offset for paying for Russian gas
Ukraine use a lot of it and was thus getting it for "free"
if the volume of transit gas decrease substantially Ukraine will have to pay for it ....a novel experience
for thirty years Kiev as been on the Russian teat
dissident wrote:So the MSM wants to have its cake and eat it too. They claim that the shut-down of transit of Russian gas through Ukraine is really bad for Ukraine, but then claim that Ukraine does not really benefit much from the transit fees.
sparky wrote:.
While the US is twisting European knikers in knots , things are happening at the other end of the world
the "power of Siberia" pipeline will be put on line in December
with a ceremony with Prez Putin and Xijinping in teleconference
Southward the "Turk stream" is being filled and will start pumping , the connection to the European network is going to be through Bulgaria , Hungary and Serbia .it is being worked on now with great dispatch
https://www.businessinsider.com/hungary ... ?r=AU&IR=T
It should be noted that , OH surprise all those supply line will be through Russia friendly countries
obviously someone has been thinking this through for a long while
the tripartite talks between the EU , Ukraine and Russia are painfully slow
Russia has stated that the dropping of the Stockholm arbitration ruling granting some two billions dollar to Ukraine
is quote ...." the main impediment "
Gazprom totally rejected the ruling as absurd likening it to someone being robbed having to pay the robber
pretty soon it will be a question of where and how will Russia send its considerable but not endless resources in gas
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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