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Manufacturing of Energy in America

Excerpted from http://oilprice.com/Energy/Natural-Gas/How-the-US-Shale-Boom-Will-Change-the-World.html :

A funny thing is happening on the way to the clean energy future–reality is setting in. There is ‘incontrovertible evidence’ about the economic growth and job creating effects of America’s unconventional oil and gas production boom – more than 600,000 jobs directly attributable to shale gas development. …

Total US recoverable natural gas resources (includes conventional, unconventional in lower 48, Alaska and offshore) totals 4.244 quadrillion cubic feet according to the Institute for Energy Research:

• Enough natural gas to meet US electricity demand for 575 years at current fuel demand for generation levels
• Enough natural gas to fuel homes heated by natural gas in the United States for 857 years
• More natural gas than Russia, Iran, Qatar, Saudi Arabia, and Turkmenistan combined. …

The US has Three Times the Proven Reserves of Saudi Arabia in Shale Oil. Global oil shale resources exceed 10 trillion barrels. More than 1.8 trillion barrels of oil are trapped in shale in Federal lands in the western United States in the states of Colorado, Utah and Wyoming, of which 800 billion is considered recoverable–three times the proven reserves of Saudi Arabia. The INTEK assessment for EIA found 23.9 billion barrels of technically recoverable shale oil resources in the onshore Lower 48 States. The Southern California Monterey/Santos play is the largest shale oil formation estimated to hold 15.4 billion barrels or 64 percent of the total shale oil resources followed by Bakken and Eagle Ford with approximately 3.6 billion barrels and 3.4 billion barrels of oil, respectively.

Here are some other interesting graphs from “Thackney” at Free Republic:

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Categories: Uncategorized
  1. citizenkla
    March 28, 2012 at 3:14 pm

    There is no mention of the emerging Tuscaloosa Marine Shale which is thought to contain more reserves than the Eagle Ford Shale. Additionally, the Utica Shale bodes large reserves of “wet” gas which are rich in NGL’s (natural gas liquids such as ethane, propane, butane, etc…)

    This is not just “energy” feedstock but manufacturing feedstock for industries where we already beat the Chinese to heck and back with cost per widget. Presently the only lower cost for these basic petrochemicals can only be had in Saudi Arabia.

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