I believe longoil has a valid point about natural gas reserves. With all the hype of how much natural gas we supposedly have, the facts about depletion in these newer tight reservoirs has been somewhat overlooked. I don't touch any company that plays the shales, as I don't believe the reserves or sustained production capabilities of these wells. Only time will prove who is right about this. The Barnett in Texas has shown me plenty of evidence to be wary. The wells will be economical again someday... when NG prices spike back up..and that is inevitable. I'm in favor of the Pickens Plan, but how long it is sustainable is my big question.
How to Invest in Ocean Wave and Hyrdopower Sustainable Energy [View article]
As with most new technologies, the concept of producing energy by using the oceans has diverse methodologies being pursued.
Let's hope for a narrowing down to the most cost-effective and (and therefore, practical) ideas. This will allow a larger influx of capital and speed up development. I can not decide which technology to pursue at this point in time. It is exciting, though.
When it comes "nut cuttin'" time, i.e., the price of crude goes back to $145+/bbl, I wonder how good those future contracts will be with the likes of China, Brazil, Russia, and Venezuela.
These countries (with maybe the exception of Brazil) will renege in heart beat if they end up with prices anywhere near what we have seen.
The End of the Oil Age? Not Quite [View article]
With all the hype of how much natural gas we supposedly have, the facts about depletion in these newer tight reservoirs has been somewhat overlooked.
I don't touch any company that plays the shales, as I don't believe the reserves or sustained production capabilities of these wells. Only time will prove who is right about this. The Barnett in Texas has shown me plenty of evidence to be wary. The wells will be economical again someday... when NG prices spike back up..and that is inevitable. I'm in favor of the Pickens Plan, but how long it is sustainable is my big question.
How to Invest in Ocean Wave and Hyrdopower Sustainable Energy [View article]
Let's hope for a narrowing down to the most cost-effective and (and therefore, practical) ideas. This will allow a larger influx of capital and speed up development. I can not decide which technology to pursue at this point in time. It is exciting, though.
Peak Oil: China vs. USA [View article]
These countries (with maybe the exception of Brazil) will renege in heart beat if they end up with prices anywhere near what we have seen.