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View Diary: Peak oil and peak silliness (111 comments)

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  •  Besides... (4+ / 0-)

    ...what that shale holds isn't even oil, it's kerogen. We're a long ways away from that being thermodynamically feasible as an economic product.  So the Green River formation hydrocarbons are classified as resources, not reserves.

    •  Four booms and busts in oil shale since the ... (4+ / 0-)

      ...1890s and not a drop of commercial oil shale being produced now. I got to witness the 1980s boom-and-bust up close. Cities bonded themselves for new infrastructure from sewers to schools because Exxon told them in 1980 that by 2000, there would be 2 million additional workers in western Colorado and eastern Utah making oil from that kerogen, 8 million barrels a day of the stuff. Those towns would have gone bankrupt if they state hadn't paid off their bond debt.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Fri Apr 05, 2013 at 06:08:02 PM PDT

      [ Parent ]

    •  It is a lot more feasible than you think. (3+ / 0-)
      Recommended by:
      bigjacbigjacbigjac, yuriwho, chira2

      Shale oil was the original source of oil in Lothian, Scotland in the 1830s. The oil industry we recognize came with the invention of seamless steel pipe around 1900 when the first oil tankers were built and oil wasn't stored in wooden barrels. It is a very simple technlogy and very practical.
      The problem is our world addiction to oil guzzles about 1 cubic mile of oil per year.
      Oil shale kerogen must be cooked, release lots of CO2 and a ton of oil shale produces about 1/4 barrel of oil, so you'd have to dig up a huge amount of material. That's a lot more money and energy to just pump it out of the ground.

      It is better to just get off oil alltogether.

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