Article

2011-06-12 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Steve White 2011-06-12 00:00|| || Front Page|| [6 views ] Top

#1 People should generate their own electricity from NG at home.

Link

Posted by phil_b 2011-06-12 01:32|| 2011-06-12 01:32|| Front Page Top

#2 agreed phil-b

Posted by Water Modem 2011-06-12 02:15|| 2011-06-12 02:15|| Front Page Top

#3 In 2011, the U.S. Energy Information Administration raised its estimate for "technically recoverable" natural gas reserves in the U.S. from 353,000 billion cubic feet to 827,000 billion cubic feet.

If I was a gamblin' man, I'd bet that the guy at the EIA who wrote this report has on his speed-dial the guy over at Interior who drafts proposals for designating tracts of land as undrillable, un-mineable (sp?) "National Monuments".

Posted by Ricky bin Ricardo (Abu Babaloo) 2011-06-12 02:52|| 2011-06-12 02:52|| Front Page Top

#4 I see local natural gas cogen plants, with generators making electricity, and using the rejected heat for heating or absorption chillers. It is more efficient to transport natural gas than going from a thermal power plant and going over transmission lines.

We need to utilize this blessing of natural gas wisely to get off of foreign oil. Gas to liquids or coal to liquids (e.g. Fischer-Tropsch process) can eliminate the need for foreign crude oil, and rejected heat from the process can be captured for district heating.

Posted by Alaska Paul 2011-06-12 03:03|| 2011-06-12 03:03|| Front Page Top

#5 I'd get one of the home electricity generators but in Perth we only need to heat our homes for less than 4 months a year. So there isn't the same benefit you would get in a colder climate.

Posted by phil_b 2011-06-12 03:08|| 2011-06-12 03:08|| Front Page Top

#6 Let's watch how the Democrats hose this up.
Fracking paranoia - that's how they are 'hosing this up.'

Posted by Glenmore 2011-06-12 08:13|| 2011-06-12 08:13|| Front Page Top

#7 Gas to liquids or coal to liquids

Most vehicles on the road in here in Perth are powered by NG. No need to covert gas to liquids.

I think grid powered electric vehicles are a dumb idea, but if powered by home NG electricity they make a bit more sense, especially in cold climates.

Posted by phil_b 2011-06-12 08:24|| 2011-06-12 08:24|| Front Page Top

#8 US natural gas is less than $30 for the equivalent energy of a barrel of oil. That should be used in this country for gas to liquids fuel production or to upgrade coal, shale and tar sands oil that goes for $100 per barrel. The only place surplus natural gas should be exported is to Canada to increase oil sands production.

But good luck with that as Barack the Red shuts down coal fired electricity plants and won't even issue permits for oil drilling, let alone sources of unconventional oil.

Posted by Zebulon Thranter9685 2011-06-12 12:38|| 2011-06-12 12:38|| Front Page Top

#9 That means no "Pickens Plan" for using our natural gas reserves to fuel our trucking fleet

That really is the most immediate and sensible new use for NG. Every gallon of diesel displaced is oil the US does not have to import.

Posted by Zebulon Thranter9685 2011-06-12 12:44|| 2011-06-12 12:44|| Front Page Top

#10 Diesel engines / transport trucking industry accounts for a big chunk of US oil consumption. NG is not the fuel for them, but does work for buses & most US autos (except for a lack of distribution facilities aka 'natural gas stations'. The Fischer-Tropsch process needs a lot of energy to make it work, this is where abundant nuclear power might become very useful, should the US ever get un-stuck from stupid.

Posted by Anguper Hupomosing9418 2011-06-12 14:07|| 2011-06-12 14:07|| Front Page Top

#11 1 million BTU's is pretty much the same as one thousand cubic feet (MCF) of natural gas.
30 years ago I paid about $2 / MCF for my natural gas. Last month my bill was $14.62 / MCF. The 'trading cost' for the gas was $5.89 / MCF, all other costs were added on by the public utilities commission and the gas distribution company. 'Trading cost' is one thing, and cost to the consumer quite something else.

Posted by Anguper Hupomosing9418 2011-06-12 14:17|| 2011-06-12 14:17|| Front Page Top

#12 We need to...get off of foreign oil. The faster we move towards energy independence the better off the country will be. Screw OPEC.

I think grid powered electric vehicles are a dumb idea

The idea strikes me the same way. The intial cost of the Volt or the Leaf seems too high and the range of travel is too limited. If a battery could deliver a range of 500-600 miles or so, it might be attractive.

Posted by JohnQC 2011-06-12 18:12|| 2011-06-12 18:12|| Front Page Top

#13 You start NG conversion with buses, taxis and other vehicle fleets that can be refueled at one location.

Once the ball starts rolling it happens really fast.

It only took about 5 years for every gas/petrol station in Perth to have an NG pump for vehicles.

Posted by phil_b 2011-06-12 22:52|| 2011-06-12 22:52|| Front Page Top

23:21 Mitch H.
22:52 phil_b
22:46 CrazyFool
22:45 phil_b
22:22 Clem Ulereling6021
22:20 Dale
22:16 Clem Ulereling6021
22:09 Barbara
22:05 badanov
22:05 Barbara
22:02 Frank G
22:00 Frank G
21:58 swksvolFF
21:50 tipover
21:49 JosephMendiola
21:44 JosephMendiola
21:36 Dale
21:28 JosephMendiola
21:24 Dale
21:23 Pappy
21:20 Canuckistan sniper
21:16 JosephMendiola
21:07 Pappy
20:36 Mike Kozlowski