Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Reuters)   Total signs $2.3 billion shale deal. You would have to sign 500 Kellogg's shale deals to equal the shale dealing power of Total   (reuters.com ) divider line
    More: Spiffy, Total S.A., Chesapeake Energy, shale, shale gas, reliance, land areas, Economy of France, Chesapeake  
•       •       •

664 clicks; posted to Business » on 03 Jan 2012 at 11:45 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



17 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread
 
2012-01-03 09:19:56 AM  
The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.
 
2012-01-03 09:43:29 AM  
I prefer new Super Colon Blow.
 
vpb [TotalFark]
2012-01-03 09:49:26 AM  

BillCo: The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.


Yeah, coastal flooding and high insurance rates are fun!
 
2012-01-03 10:11:40 AM  

BillCo: The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.


The US gets most of its oil from Canada and Mexico.
 
2012-01-03 10:34:38 AM  

vpb: BillCo: The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.

Yeah, coastal flooding and high insurance rates are fun!


The 1% tend to live on the coast. Muahaha.
 
2012-01-03 10:59:59 AM  

BillCo: The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.


Woo, flammable water for everyone!
 
vpb [TotalFark]
2012-01-03 11:35:46 AM  

GAT_00: BillCo: The amount of oil shale in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.

Woo, flammable water for everyone!


Stealing shale gas and hiding it in your water is no way to go through life son.
 
2012-01-03 11:40:28 AM  

GAT_00: Woo, flammable water for everyone!


See there are some people out there that don't realize that they are indirectly subsidizing the cost of poor decisions made now, by paying for fixing the fark ups later.

For example: in the late 1800s, in my City individuals and private organizations removed all the coal from the ground and left. Now, 100+ years later, the public has to deal with acid mine run off, sink holes, mine fires, etc.

In the 1900s, in my City, steel and coke manufacturers dumped fly ash, heavy elements, and PCBs into the ground and left. Now, 50+ years later, the public has to remediate the land so that it can be returned to productive use.

In the 2000s, around my City, we're letting fracking companies extract gas and dump fluid into our streams. I'm going out on a ledge here, but I'm pretty sure that the public is going to be on the hook for the clean up of long term side effects on this one as well.
 
2012-01-03 11:47:28 AM  
Colon blowing you...
...In the morning
 
2012-01-03 11:59:11 AM  

BillCo: The amount of oil shale projections in the U.S. is mind boggling. It just takes the right gas price to make it profitable. It's time for the U.S. to make the move to developing our own resources and stop giving money to brown people who want to kill us.

/oh yeah, fark the econuts.


This is the time to play the greater fool game with natural gas exploration.

www.slate.com

Anybody know how I can take advantage of overhyped natural gas supply?
 
2012-01-03 12:12:14 PM  

Rapmaster2000: Anybody know how I can take advantage of overhyped natural gas supply?


Start buying up Frozen Grandmother futures.
 
2012-01-03 12:20:52 PM  
I'm sorry, the correct answer was:
cache.gawker.com
 
2012-01-03 12:37:38 PM  

tricycleracer: Rapmaster2000: Anybody know how I can take advantage of overhyped natural gas supply?

Start buying up Frozen Grandmother futures.


Right: corner the market on old farts! Got it.
 
2012-01-03 12:39:33 PM  
So clean water is worth 2.3 billion.
 
2012-01-03 01:17:15 PM  
*channelling Tourette's Guy* Don't talk shiat about Total!

...I PISSED!

/also, fark salt!
 
2012-01-03 03:12:18 PM  

Mayhem of the Black Underclass: I'm sorry, the correct answer was:
[cache.gawker.com image 554x362]


Came for this.
 
2012-01-03 07:07:24 PM  

Rapmaster2000: Anybody know how I can take advantage of overhyped natural gas supply?


Sure. Get in the water supply business.

That's the first thing companies have to do when talking about an area they have to exploit by fracking. Secure rights to get fresh water and then dispose of produced water.

I saw a study about the difference in water usage for a particular area. The assumption was, the land that would use X amount of water for irrigation ever year for ten years -- versus the one time use of an amount of water for the one time fracking of a well that would cover a similar amount of surface acreage as did the irrigated land. What was the profit differential between the two scenarios? Should the water be used only for food, or only for hydrocarbon production over the same ten year period?

The answer was shown by charts and math, and the answer was hydrocarbons. Water used for irrigation for food crops wasn't as economically utilized as was the same amount of water used for fracking a typical productive shale well.

I didn't stick around to personally check to see if all the costs were accounted for properly, but it was a paper that was apparently presented as part of a masters/doctorate degree program.

As to overhyped? There are those, myself included, that await to see if some of these wells are indeed declining in a predictable fashion. So, I'm still a slight skeptic. But the deliverability of large volumes of gas over the next decade is almost a sure bet. By then the mondo sized gas fields recently discovered off Israel and again off Cyprus will be on stream.

/maybe the business of conversion of engines to natural gas
 
Displayed 17 of 17 comments

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report