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EIA sees a lot of US gas exports; U.S. shale gas and CSG in abundance headed for export
Topic Started: 30 Dec 2013, 11:49 PM (3,113 Views)
peter fraser
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Frank Castle
31 Dec 2013, 11:35 AM

Quote:
 
Seriously though it is just circumstantial - it could be a coincidence.

Names are not unique - I've met other people with my name.
Maybe Peter - maybe not

Same claims made here


http://webcache.googleusercontent.com/search?q=cache:2vwCZ7Mk9hMJ:www.iranmilitaryforum.net/world-events-news/azerbaijan-protests/5/%3Fwap2+&cd=19&hl=en&ct=clnk&gl=au
I've also been accused of being the Peter Fraser from Lismore (as I recall) who ripped of his employer and found himself in court. No one ever accused me of being the ex-Prime minister of New Zealand or an artist from the USA. I have met several other Peter Fraser's.

I think that any argument or difference of opinion should be dealt with by discussing the facts at hand and not by the use of a very tenuous character assination based on what is probably a coincidence.

There are 7 billion people on this planet - we don't have the imagination or enough letters in the alphabet to think up 7 billion unique names.

Ask him by all means, but as neither case can be proven we will just have to accept the word of a fellow blogger, so the question becomes irrelevant.
Edited by peter fraser, 31 Dec 2013, 11:52 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Bardon
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Every time I read stories about the lack of infrastructure or skilled labour in our local hydrocarbon supply systems it reminds me of the stories about not building enough houses. The opportunity is huge if you are on the supply side of the equation and costly if you are on the demand side of the equation.
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miw
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Count du Monet
31 Dec 2013, 10:24 AM
In terms of US requirements, yes there is an improvement. But it isn't some type of bonanza that means export. I knew of the technology when it was being tested 8 years ago and delivering results. But I never expected it to be exploited on the current scale until the 2020's. This rush to use a technology that needs refinement is going to prove many times more costly than the results are worth.

It certainly ended any ideas of mass export of LNG to the US a few years ago.
Fracking has been going on in the US since the 1950s. You have been watching too many movies if you think it is a new technology.

I think the articles above (which by the way agree with what I am reading elsewhere) are interesting because they are predicting that the US will never export more than about 10% of its production and that they will catch up to oz in exports in the 2020s. But the base numbers are so huge that it will only take a movement of a few percent in production, demand or pricing and the predictions will be completely off the mark - in either direction. It's going to be an interesting decade for gas.

My brother is in the drilling game in southern Qld and he sees plenty of work as far as the eye can see. Plenty of work for people who can take some hard yakka and being away from their families for 2 weeks at a stretch, but about half the people who start last less than a year so they are always short of people.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Bardon
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Nobody is yet talking about the elephant in the room of Underground Coal Gasification (UCG). UCG will blow everything else out of the water when it comes to unconventional hydrocarbon energy resource. Australia through Linc Energy is also recognised as the world leader in this field. Yes it still has some environmental hurdles to jump, which it will, hurdles that don't exist in countries like Indonesia. But once jumped this play will be very powerful indeed.
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miw
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Bardon
31 Dec 2013, 12:14 PM
Nobody is yet talking about the elephant in the room of Underground Coal Gasification (UCG). UCG will blow everything else out of the water when it comes to unconventional hydrocarbon energy resource. Australia through Linc Energy is also recognised as the world leader in this field. Yes it still has some environmental hurdles to jump, which it will, hurdles that don't exist in countries like Indonesia. But once jumped this play will be very powerful indeed.
Doesn't UCG produce synthesis gas? My understanding is that syn gas is a great feedstock, but from a number of standpoints (e.g. energy content, pollution) is an absolutely terrible fuel for things like power stations.

But there are miles and miles of thermal coal reserves taht will never be exploited any other way, so it does have the advantage of there being a hell of a lot of it, I guess.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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lulldapull
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Bardon check out my new venture.......:

http://www.blueironcove.com/

If this works, which looks like it is, we'd be one of the few pedlars of this technology to all CSG upstream operators.

So far there is interest from the big three.
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Bardon
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miw
31 Dec 2013, 12:22 PM
Doesn't UCG produce synthesis gas? My understanding is that syn gas is a great feedstock, but from a number of standpoints (e.g. energy content, pollution) is an absolutely terrible fuel for things like power stations.

But there are miles and miles of thermal coal reserves taht will never be exploited any other way, so it does have the advantage of there being a hell of a lot of it, I guess.
Yes Syngas is the most likely output. The Australian pilot plant is based on this process whereby the energy is liquified and then trucked to market. Other proposed schemes in remote areas of Australia would probably follow the same path to market as generating power at source or transmitting by pipeline would be cost prohibitive.

The ex guys from Cougar Energy are now working the Indonesian market after getting shafted in Kingaroy. The method there is that the Syngas fuels a local generator at the surface which then power existing mines. They don't do underground coal mining in Indonesia so there are mind boggling amounts of stranded reserves in these existing open cut mines that can be monetised if this flies. They also don't have anything like the environmental hurdles that we have down here either. We are talking about existing balance sheets increasing by 50% overnight if this technology is proven

I am not aware of any quality issues with Syngas, doesn't mean that they don't exist either.

Yes the potential is huge. If you compare it to say CSG which recovers about 8% by volume of energy from the coal seam, UCG recovers about 92% as it consumes all of the available hydrocarbon, mind boggling indeed.


lulldapull
31 Dec 2013, 12:23 PM
Bardon check out my new venture.......:
Good luck with that I am sure that there is likely to be a market for the products if they are what they say they are and the money bit stacks up.
Edited by Bardon, 31 Dec 2013, 12:50 PM.
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Simon
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peter fraser
31 Dec 2013, 09:32 AM

Seriously though it is just circumstantial - it could be a coincidence.

Names are not unique - I've met other people with my name.
peter's a common name, lulldapull isn't, how many lulldapulls have you met ?
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Count du Monet
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miw
31 Dec 2013, 12:05 PM
Fracking has been going on in the US since the 1950s. You have been watching too many movies if you think it is a new technology.
The present type technology? No, that didn't exist prior to the 1990's.

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In 1997, based on earlier techniques used by Union Pacific Resources, now part of Anadarko Petroleum Corporation, Mitchell Energy, now part of Devon Energy, developed the hydraulic fracturing technique known as "slickwater fracturing" which involves adding chemicals to water to increase the fluid flow, that made the shale gas extraction economical.
Edited by Count du Monet, 31 Dec 2013, 02:00 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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lulldapull
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I'd have to agree with Count here. Never heard of fracking until the mid to late 90's.

Maybe experimentally this was being undertaken earlier or much earlier, but commercial exploitation occurred only a decade or so ago.
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