Friday, August 30, 2013

Need long-term plan to achieve energy independence

Government and industry must recognize that shale gas and shale oil is not cheap and will one day be exhausted:frac proppant United States 70% of the shale gas production is no longer growing or falling from the shale fields. The tight oil production there are also long-term sustainability of doubt.
High yield of shale fields are scarce, 30 shale gas field in six accounted for 88% of total production, 21 have two dense oil accounted for 81% of total production. Many producers out of oil or gas from shale fields within a relatively small area within the dessert. The oil / gas wells will be the overall quality of the wells with dessert saturated and began to decline, which in turn requires sustained growth in oil / gas wells to maintain production.
Production will eventually be available limit on the number of drilling locations, and once this limit is reached, the output will be 30% to 50% per year rate of decline. For the Bakken and Eagle dense fields, it is expected that this will happen in five years.
EIA projections indicate that by 2040, the United States will finish all known mined shale gas reserves, 58% of unproved shale gas resources, as well as 78% of the undiscovered tight oil resources.frac sand Such exploitation of hydrocarbons based on the principle that these are expected seem overly optimistic. EIA expects natural gas prices lack credibility because of its steady growth in the next 20 years the supply of low production cost estimates. Declared that the U.S. Energy Independence and deployment plans to export shale resources is unwise. Shale revolution must be in a long-term viability for the future,ceramic ball sustainable energy strategy to be considered.

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