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134973Re: [energyresources] Nat gas flaring

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  • Roger Arnold
    Aug 21, 2014
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      The large amount of flaring going on in the  Bakken is not so much an indication that the US is swimming in more natural gas than it knows what to do with.  It's in large part a reflection of the marginal nature of the resource being tapped. 

      Frack'ed wells in shale formation tend to produce a lot when the well is new, but decline very quickly. Over its short lifetime, the typical well won't produce enough gas to justify the cost of running a pipeline to it. The well may still be profitable for the oil and natural gas liquids it yields. Those can be transported by tanker truck, as well as being more highly valued by the market. But in most cases, it's not cost-effective to do anything with natural gas if you don't have a pipeline to transport it.

      - Roger Arnold

      On Thu, Aug 21, 2014 at 2:53 PM, 'perry' pjarnett9939@... [energyresources] <energyresources@yahoogroups.com> wrote:

      CNBC just reported today that:
      1) “more than a billion dollars per year worth of natural gas is flared off in the Bakken alone”; and that,
      2) “30% of all the Nat gas production in the Bakken is flared off”; and that,
      3)  “the rate of flaring in the Bakken is ten times that done in Texas and Alaska”.
      So...is there an energy shortage in the US?   Surely not!  The slack in the system is huge! [billions of dollars per year huge]
      So-called ‘peak oil’, like so-called ‘global warming’, and ‘war on terror’ and ‘war on drugs’, ‘war on poverty’ and all the rest, is a tired old propagandistic meme created by the elitist bankers to consolidate control over the masses.
      Want to argue the numbers? Take that up with CNBC; I’m just repeating what they said on air.

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