tag:blogger.com,1999:blog-3033288879708780106.post4551654531313380030..comments2023-04-07T05:19:44.951-04:00Comments on Yes Vermont Yankee: Is Fracking All It's Fracked Up to Be? Jones Seminar and VideoMeredith Angwinhttp://www.blogger.com/profile/02737538041807740424noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3033288879708780106.post-56499042791419133792014-02-02T11:00:12.427-05:002014-02-02T11:00:12.427-05:00Brad and Mary
Thank you for the notes!
Brad, tha...Brad and Mary<br /><br />Thank you for the notes!<br /><br />Brad, thank you for your note. <br /><br />I have also heard this, and I need to give it more thought or research or something. The issue I have is...where are these oil plays? I think the Bakken is the biggest one, and that is a long way from Vermont. And I think they are flaring a lot of the gas at Bakken. Yes, I just looked it up in Wikipedia....flaring all the gas. The local Marcellus shale seems to be natural-gas-only, and drilling in that area has stopped from the low prices.<br /><br />With oil prices high and likely to remain so, I agree that the price of gas can go VERY low...if there are already pipelines in place to deliver it, etc. Gas is too inexpensive now to even think of building pipelines from North Dakota. And if gas becomes more expensive, it may well become abundant...but not cheap!<br /><br />Do you have (or know where to obtain) statistics on gas associated with oil shales, and what percent of our gas supply it is? That would be great.<br /><br />MeredithMeredith Angwinhttps://www.blogger.com/profile/02737538041807740424noreply@blogger.comtag:blogger.com,1999:blog-3033288879708780106.post-72083684490656570932014-02-02T10:13:55.069-05:002014-02-02T10:13:55.069-05:00Thanks so much Meredith for posting. Our cash stra...Thanks so much Meredith for posting. Our cash strapped pipeline fracking fighter compatriots are running out of cards. We face constant opposition to our opposition to Canadians Running high pressure gas lines through hill and valleys, under Lake Champlain to smelly international paper. Overwhelming.Travelogue for the Universehttps://www.blogger.com/profile/01127086480471321349noreply@blogger.comtag:blogger.com,1999:blog-3033288879708780106.post-86336672444955917762014-02-02T09:08:19.833-05:002014-02-02T09:08:19.833-05:00Meredith,
Until recently I had the same opinion r...Meredith,<br /><br />Until recently I had the same opinion regarding the longevity of cheap gas. Fracked wells are expensive to drill and don't produce as much gas as traditional wells into porous formations. So no one would drill a well for gas when the price is low. If there's no new drilling, the supply will tighten and the price will rise. <br /><br />Then I had a conversation with a gas buyer who pointed out that much of the "new" gas is a byproduct of fracked oil wells. Since the liquids are valuable enough to pay for the well, the gas is being disposed of at whatever price they can get for it. I don't think there has been any drilling for fracked gas recently, only drilling where liquids are to be found. Except perhaps in the northeast where capacity constraints allow the price of gas to skyrocket on occasion.<br /><br />As long as the oil shale boom lasts, there is potential for cheap gas. Until of course demand catches up with supply again.<br /><br />Brad FianderBrad Fianderhttps://www.blogger.com/profile/08326418910901129715noreply@blogger.com