Friday, September 6, 2013

U.S. shale gas revolution is not successful

U.S. gas production and pipeline through the adoption of vertical separation mode transport operations ,Fracturing proppant improved market efficiency pipeline , effectively promoted the U.S. natural gas market environment for fair competition formation , enhancing the natural gas transportation market efficiency , to better protect the interests of market participants . However, when the United States actually operate according to this model , they noticed that there are limitations of this system , especially in the U.S. natural gas pipeline transportation fields.

Geological theory is controversial shale gas reserves evaluation techniques do not fly and shale gas well production curves as high dive like volatility and other issues, including the ability to bear the enormous risks making the U.S. venture investment bankers are discouraged , but suppressed the pipeline investment impulse.

In the United States , if you do not see adequate and relatively stable source of gas pipeline investments go ,ceramic ball just like going to Las Vegas casino playing slot machine odds as 50% . Thus, in shale gas production curve exists huge uncertainty requires continuous follow-up and additional high investment and no natural gas pricing and other circumstances, various types of investors in the United States are extremely careful, rather transferring part of the benefit , throwing stock options to attract investment , but also do not want to have to bear the entire risk of their own works , not to mention the Obama administration is still tightly controlled start of pipeline construction permit .

And because of instability in pipeline transportation systems refuse to carry gas source to the enterprise business risk, U.S. output of a large number of shale gas be flared . American "  shale gas  revolution" not only failed to benefit all of the U.S. economic recovery , but in the last five years there is also a lot of gas flaring in increments up to three times the original level , has become the world's natural gas flaring one of the most affected countries . Flaring not only a waste of resources , but also brought light pollution and harmful gas emissions .

Although the Eagle Ford Shale in Texas oil and gas shale gas production in 2010 to 2012 increased by nearly 30 times , but the lack of capacity , the state regulatory body can only burn permits issued only in 2012 on the release of the 1963 copies, much higher than the 306 in 2010 . The state ended the first quarter of 2012, gas flaring off enough to power 400,000 households . In North Dakota , due to lack of capacity ,frac sand companies although oil companies trying to establish natural gas wells collection system , the state's gas flaring was still hovering around 30% , from satellite photos to see that the state Bakken shale oil and gas fields of the night , Chicago brightness is almost the same.

No comments:

Post a Comment