Monthly Archives: November 2012

Best Fracking Video–Shows How It Is Done

The best video describing the fracking process that I have seen.   Made by MIT, it is well done.

Click here to see the video.


Sandy Proof of Global Warming?–Part 2

Recently a Washington Post article by Melinda Henneberger stated that  “Sandy puts climate change back in the conversation”.  To bolster the author’s case, she relied upon politicians among whom were Dan Quayle and NY mayor Bloomberg for “expert” analysis. The only scientist quoted was the widely discredited James Hansen who offered evidence in the form of heat waves in Russia and drought in Texas and Oklahoma.  The “bible” of the warmers are the reports issued by the Intergovernmental Panel on Climate Change (IPCC).  However the IPCC says that man’s influence on extreme weather is uncertain and may not be known for another 30 years.  About American Central Plains droughts, the IPCC says that droughts there have decreased in recent decades.  Although not a hurricane, Sandy was a serious storm abetted by high tides. But the author is obviously not a student of history or she would have known that many hurricanes have hit the East Coast over the years that were much more violent than Sandy.  For example, the category 3 “New England Hurricane” of September 1938 made landfall on Long Island.  In the years 1954 and1955, three category 3 and two category 4 hurricanes hit the East Coast of the US.

Over the years there were many other major Atlantic  hurricanes . (See listing in Wiki by clicking here.)  Most of which predate the current time where warmist claim that hurricanes are more frequent and deadly due to rising amounts of atmospheric CO2.


Chemicals Manufacturing Looks For Booming Business–Only Obama Can Put This Good News Down.

The price of natural gas has plummeted and chemical manufacturing firms are going to take advantage of the low cost feedstock.   A Forbes posting by Agustino Fontevecchia leads with this:

The $3.5 trillion chemicals industry provides a good vantage point from which to observe the state of the global economy, as many of its products stand at the beginning of the supply chain. From consumers to construction, the chemicals industry is set to boom in the U.S. given the explosion of shale plays and the cheap price of natural gas compared to the rest of the world, according to Anton Ticktin, a partner at chemical industry focused M&A advisory investment bank Valence.

“Chemicals go into everything, they are the part of the first step into the creation of so many different products,” explained Ticktin, “the gives you insight into the state of so many industries and sectors” such as the consumer, through plastic bag volumes for example, and construction, through sales of paints and coatings.

The low priced natural gas will result in many industries improving their balance sheet.  Ticktin adds:

And investors can get a cut of the action. Years ago, major chemical companies like Du Pont and Dow Chemical began to move their operations overseas. But today, companies with access to feed stocks that are associated with the production of natural gas, such as propane and ethane, will see a boost in their performance. Major oil and gas companies like Chevron, Exxon Mobil, and Royal Dutch Shell are well positioned to benefit.

Companies in the coatings and paints business will also do well, according to Ticktin. Sherwin-Williams and PPG, for example, are trading near their 52-week highs, while Du Pont and Dow Chemical are on their way back.

The bottom line is that through the lens that is the chemicals industry, Ticktin is seeing the U.S. recovery strengthening vis-à-vis the rest of the world. While GDP is still lagging, the rise in volume and sales seen in the chemical industry should be a good omen for the broader economy.

Team Obama wants to kill fracking.  The EPA is moving forward with a study to determine the safety of Fracking.  The EPA has chosen not to select, as members of this committee, anyone from industry.  To say it another way, if you know anything about fracking and how safe it is and how it can continue to be that way, they DON’T want you.  API Executive Vice President Marty Durbin makes the case regarding the Science Advisory Board (SAB) being assembled by the EPA:

It’s a perspective the SAB panel needs as it delves into hydraulic fracturing issues. Unfortunately, EPA has declined such expertise in the past. Durbin:

“From our perspective, critical opportunities to leverage the tremendous knowledge and experience base offered by industry have been repeatedly missed.”

For example, no industry experts were selected for SAB’s hydraulic review panel announced in January 2011. Instead, while members were technical experts in their respective fields, most had virtually no relevant knowledge or understanding of oil and natural gas operations in general and hydraulic fracturing in particular related to their respective areas of expertise. Durbin:

“API, therefore, strongly recommends that the ad hoc Panel members have direct experience working in the modern oil and natural gas industry. … We note that industry representatives have a long record of valuable, unbiased participation in many other SAB Communities and Panels. It is those very individuals, with extensive field experience and first-hand knowledge of the techniques used in drilling and completions, who are critical to the examination of the very specialized processes and the research addressing those processes.”

See more from this  posting by clicking here.


New Technologies To Increase Oil Recovery From Shale Studied.

Currently fracking wells recover less than 10% of the oil in the North Dakota’s Bakken fields.  Bismarck, North Dakota TV station KFYR aired a program discussing new technologies that might result in a major boost in the amount of oil recovered per well site.  KFYR said that two technologies are under study.

Walking rigs – Used on Eco-pads that have several well bores at one location and can be moved from one well head to the next in a matter of hours instead of days.

CO2-enhanced recovery – The process has been used at other oil plays but would be new to the Bakken and could extend the life of wells there by 20 to 30 years.

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