November 16, 2012 at 1:04 pm #519159
Its a good short term solution provided it doesn’t get popular and the price goes up.
When regular diesel sky rockets so will its demand and its price, both as a raw product and a used one.
I wouldnt be banking on getting a cheap supply when you really need it.November 16, 2012 at 2:43 pm #519160
In this video Paul Woods describes achieving yield of 6000 Gallon/Acre of ethanol but has since achieved 7000.
Other biotech companies have similar systems but can more directly extract specific products, diesel, jet fuel or ethanol from the organisms growing in the bioreactors. Some biotech companies achieve double the yield.
Paul Woods, Founder and CEO of Algenol Biofuels.November 16, 2012 at 3:36 pm #519161
Jonathan Trent NASA Astrobiologist: Energy from floating algae podsNovember 16, 2012 at 5:30 pm #519162
Not arguing that its not possible to make an oil alternative
People will make money out of lots of them, for a while,it doesnt mean it will replace the “Cheap” oil that drives the global economy.
“Oils aint oils”
If there wasn’t a perceived cheap oil supply problem on the horizon we wouldn’t be desperately deep water drilling or trying to make oil out of other stuff.
Pretty sure when the Germans/English and US wrote their reports they would have factored in possible replacements
orNovember 16, 2012 at 6:01 pm #519163
Everyone is trying to make money out of their respective resources, fossil crude oil and green crude oil, as fast as possible. Big Oil will extract as much as they possible can before large supplies of green crude oil becomes available. Big Oil has limited time to get the crude oil that’s more difficult and costly to supply. When green crude is cheaper than fossil crude, Big Oil will switch. Driven purely out of economics! Big Oil is deeply involved in, invested in, green crude oil technology too you know, don’t you?
In the US Green Diesel and Green Ethanol will become available and cheaper than the current price at the pump not so far away.November 16, 2012 at 11:46 pm #519164
When Green crude is cheaper than fossil crude the world economy would have already melted down
The rush to tar sands in the US is as far from a rush to green diesel as is humanly possible and the EROI on that is pathetic in comparison to Fossil Fuel.
With all due respect if you have any facts bring them up but dont waste my time with hope and dreaming of new inventions to save the capitalist ponzy dream that floats on cheap oil.November 17, 2012 at 4:27 pm #519165
Back to the topic of a world without oil… Since you mentioned tar sands, or bituminous sands, there’s huge deposits. I’m sure many people are aware that it’s very environmentally damaging to retrieve the resource. But that doesn’t mean the owners aren’t going to try retrieving as much as they can.
Using current technology in the current economic climate, there are about 170 billion barrels of recoverable oil in the bituminous sands of Alberta Canada. There are about 1.7 trillion barrels barrels of potentially recoverable oil in those bituminous sands.
Venezuela has proven bituminous sand deposits of 297 billion barrels, but it is estimated to contain up to 1,400 billion barrels.
Kazakhstan and Russia have large deposits of bituminous sands too. Many other locations globally have deposits of bituminous sands.
That’s just a bit about the deposits of bituminous sands, there are many other fossil oil deposits globally that the owners of those resources are keen to obtain.
Even though I don’t like the damage of bituminous sands oil recovery, for a whole lot of reasons, a world without fossil oil is a long way off.
The nuclear threat is of far more concern to me.
By the way did anyone notice in the news where Iran’s nuclear capabilities are now?
A key focus of the report was Iran’s Fordow uranium-enrichment plant near Qom, about 100 miles southwest of Tehran. In recent months, Iran’s engineers have made rapid progress at the formerly secret plant, installing thousands of fast-spinning gas centrifuge machines used to make enriched uranium. The plant was constructed inside a mountain to shield it from airstrikes, and Israeli officials have warned that the plant’s completion will make it harder for Western nations to stop Iran if it decides to build nuclear bombs.
Snags I don’t post here solely for your benefit, so, if you think my posts are as you state “waste my time”, maybe you should tune off this channel, if you don’t like the content. 🙂November 17, 2012 at 6:48 pm #519166
It should be the The World without “cheap” oil
Re; Iran the nuclear threat ..only the US has used nuclear weapons on innocent people and they are the ones making the rules as to who has them while pretending Israel doesnt
The Iranian conflict is more to do with getting their hands on their oil and gas as the world is running out of cheap oil and the greatest threat is if Iran keeps the profits for themselves.
As the price goes through the roof in the next few years,a filthy rich Iran scares the US and Israel more than nuclear weapons as money is a far more dangerous weapon. Why would Iran drop a bomb knowing the future is theirs to control.
But you would develop nuclear power so you had more oil and gas to sell and to protect yourself from the invaders who want to stop you keeping your profits and having control.January 23, 2013 at 9:50 am #519167
Doesn’t matter if “I” know the relative energy gained from the bituminous / shale oils, they have been getting the stuff out of the ground for years upon years in Canada. The companies doing it will know “relative energy gained” far better than we. So as long as they can make a buck out of it they will, doesn’t matter whether the environment is ruined in the process to them… Bituminous sands out of north eastern Alberta Canada, have been in operation since the late 60’s, references are easy for you to find. :tup:January 23, 2013 at 9:57 am #519168
The headline in news.com.au this morning, “$20 trillion shale oil find surrounding Coober Pedy ‘can fuel Australia”. This is another case in point, so long as they can make a buck they will find it and sell it.
There are much cleaner ways to power transport, so this is business… As usual…
SOUTH Australia is sitting on oil potentially worth more than $20 trillion, independent reports claim – enough to turn Australia into a self-sufficient fuel producer.
Brisbane company Linc Energy yesterday released two reports, based on drilling and seismic exploration, estimating the amount of oil in the as yet untapped Arckaringa Basin surrounding Coober Pedy ranging from 3.5 billion to 233 billion barrels of oil.
At the higher end, this would be “several times bigger than all of the oil in Australia”, Linc managing director Peter Bond said.
This has the potential to turn Australia from an oil importer to an oil exporter.
“If it comes in the way the reports are suggesting, it could well and truly bring Australia back to (oil) self-sufficiency,” Mr Bond said.
State Mineral Resources Development Minister Tom Koutsantonis said there were exciting times ahead for SA’s resources industry.
“Shale gas and shale oil will be a key part to securing Australia’s energy security now and into the future,” he said.
Linc has hired Barclays Bank to find an investment partner for the next stage of the project, costing $150-$300 million.
The company aims to drill up to six horizontal wells to further confirm its figures, but Mr Bond is confident the region will be home to oil production.
The need to build another oil and gas hub, like the Santos production facility at Moomba, depends on the size of the discovery.
“If it really takes off, that’s when you start to look at Moomba-type pipelines.”
Mr Bond said there was the potential for a US-style “shale oil” boom in SA.
The Wall Street Journal reported last week the US could pass Saudi Arabia as the world’s largest oil producer this year, thanks to the shale oil explosion.
Shale oil extraction involves using new technologies to drill vertically and then horizontally for distances of more than one kilometre through shale rocks that contain oil.
The process was once prohibitively expensive but advances have created a new oil boom in the US.
Mr Koutsantonis said: “We have seen the hugely positive impact shale projects like Bakken and Eagle Ford have had on the US economy.
“There is still a long way to go, but investment in unconventional liquid projects in South Australia will accelerate as more and more companies such as Linc Energy and Altona prove up their resources.”
Mr Bond said the potential in SA was “massive”, but even at the lower end of estimates – about 3.5 billion barrels – it was still very large.
“If you look at the upper target, which is 103-233 billion barrels of oil, that’s massive,” he said.
“The opportunity of turning this into the next shale boom is very real.
“If the Arckaringa plays out the way we hope it will, and the way our independent reports have shown, it’s one of the key prospective territories in the world at the moment.” Mr Bond said each well could flow at 1000-2000 barrels per day.
“You put in 50 of them and that’s a lot of oil,” he said. “We have a very good idea that this will be an oil-producing asset.”
Mr Bond said Linc had so far spent about $130 million in the Arckaringa Basin, drilling four deep wells and “a couple of dozen” shallower wells.
British company Altona Energy was scheduled to start drilling this month to discover more resources for a proposed coal to liquids and power project also in the Arckaringa Basin.
That project, which could cost up to $3 billion, would involve an open-cut coal mine and possibly a 560 megawatt power plant.
The Linc Energy reports, from consultants DeGolyer and McNaughton and Gustavson Associates, are available on the Australian Securities Exchange website.January 23, 2013 at 10:14 am #519169jaden62Member
And it’s all right in line with the Woomera Prohibited Area Test Range.January 23, 2013 at 12:32 pm #519170RobyneMember
Australia won’t benifit from the oil find,
there will be overseas money backing it,
so all the profits will go OSJanuary 23, 2013 at 1:08 pm #519171
Wont solve the lack of cheap oil problem either
Remember EROEI on shale oil compared to conventional oil makes it at least 3 times more expensive to extract and convert to usable oil.
under 10 compared to 30
Australia uses nearly 1 million barrels a day of oil today
We used about 600,000 barrels a day in in 1982
and 20 years later in 2012 we use nearly a million barrels per day.
So if we imagine this delivers and isn’t just a share jumping quick superannuation scam how long for?
International Energy Agency forecasts predict world demand for oil to increase from 87 million barrels per day in 2010, to 99 million barrels per day by 2035.
Interesting that this supposed new find BAU story, isn’t reported in any other paper other the the little Murdoch rags.January 23, 2013 at 3:04 pm #519172
It’s an interesting advertisement, uhh I means story. :laugh:January 23, 2013 at 3:27 pm #519173AnonymousGuest
there may be better ways of fueling our vehicles? that includes aircraft and ships/boats, but it is not available right now on the market, so lets get the oil out of the ground before we grind to a halt, as teh peak oilers would have us believe.
what are & where is the alternatives?
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