Seeking Alpha

Bruce Pile » Comments » Single Comment

  • Slowdown in U.S. Natural Gas Drilling Hasn't Slowed Down Supply - Yet [View article]
    North American gas drilling could be fast approaching a point of zero return energy-wise and business model-wise. The net energy return EROEI (Energy Returned On Energy Invested) may be soon getting to 1, meaning companies must buy and input as much energy into drilling and recovery of the gas as it gives us back in usable energy. The drillers have been running faster and faster just to keep in place. This problem coupled with the crippling effects on drilling inflicted by the credit crunch may create a supply destruction even greater than the demand destruction, which is mostly already in the market.

    To look at this drilling problem, see my post www.theoildrum.com/nod...
    Jan 10 00:10 am |Rating: 0 -1
All Comments by Bruce Pile »
Comments by Ticker
AA, AAPL, ABHPF.PK, ABX, ACAS, ADP, ADRE, AEM, AEO, AGG, AGOGF.PK, AGQNF.PK, AGU, AIG, AMD, AMZN, ANF, APA, APC, APY, ARO, AU, AUY, BAC, BBBY, BBH, BDD, BGR, BHI, BHP, BJS, BK, BND, BOM, BOS, BP, BRK.A, BRK.B, BVN, BWX, BX, C, CA, CEF, CF, CFC, CFWFF.PK, CGR, CHK, CLNE,
Bruce Pile's
Comments Stats
248 comments
Rating: 228 (278 - 50 )