Of all your comments, this one presents an especially target rich environment for scathing ridicule. I'll take but a few examples so as not to clog up ddstory's inbox.
If you're not paying attention to the topic, you probably wouldn't realize how broad the fracking and shale gas reserves have become.
The OP mentions directly the problem with your analysis: "the shale gas extraction from a well tends to drop by 60-90% just a year after its exploitation has commenced." 60 to 90 percent drop in one year. Considering that frack wells cost on average ten times what conventional wells cost, this drop means long-term financial disaster . . . as the OP mentions.
It also means that no matter, as you say, "how broad the fracking and shale gas reserves have become," no amount of shale tapping will stave off the inevitable since, simply, we cannot as an economy afford such expensive gas. Right now, there's a bubble. When the taps start closing simply because the gas captured doesn't pay for the rig, that bubble will pop.
While we rightfully never hear about peak oil. . . .
Why would we hear about something that's already happened? It happened back in 2005. We're moving on. Or, rather, we're moving less (http://www.advisorperspectives.com/dshort/updates/DOT-Miles-Driven.php) as a response to high gas prices.
And if these shale resources are all you frack them up to be, why haven't we rebounded to our former driving selves?
Because the shale production is sooooo not what it's being touted as being. Hype, baby. You've bought it. Hook, line and sinker.
no subject
If you're not paying attention to the topic, you probably wouldn't realize how broad the fracking and shale gas reserves have become.
The OP mentions directly the problem with your analysis: "the shale gas extraction from a well tends to drop by 60-90% just a year after its exploitation has commenced." 60 to 90 percent drop in one year. Considering that frack wells cost on average ten times what conventional wells cost, this drop means long-term financial disaster . . . as the OP mentions.
It also means that no matter, as you say, "how broad the fracking and shale gas reserves have become," no amount of shale tapping will stave off the inevitable since, simply, we cannot as an economy afford such expensive gas. Right now, there's a bubble. When the taps start closing simply because the gas captured doesn't pay for the rig, that bubble will pop.
While we rightfully never hear about peak oil. . . .
Why would we hear about something that's already happened? It happened back in 2005. We're moving on. Or, rather, we're moving less (http://www.advisorperspectives.com/dshort/updates/DOT-Miles-Driven.php) as a response to high gas prices.
And if these shale resources are all you frack them up to be, why haven't we rebounded to our former driving selves?
Because the shale production is sooooo not what it's being touted as being. Hype, baby. You've bought it. Hook, line and sinker.
Oh, and NB: plural of analysis is "analyses."