tag:blogger.com,1999:blog-3022888953328060401.post3259724538158368994..comments2024-03-15T02:16:27.756-07:00Comments on DaveinOlyWA: The Road to Hell Just Got MUCH ShorterDaveinOlyWAhttp://www.blogger.com/profile/16745403231379474738noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3022888953328060401.post-88902817782559518102014-11-02T07:28:17.427-08:002014-11-02T07:28:17.427-08:00thanks for your reply According to the link at the...thanks for your reply According to the link at the end of 2013, North Dakota alone was responsible for .31 Billion Cu Ft per day flared off which means a retail value of $3-4 million per day but that covers only North Dakota. My statement comes from an article read (should have referenced it and vetted it obviously) and that article also stated that flared output had tripled since the beginning of the year to now, so then output is likely over 10 Million per day in the region. The other part of the equation is market forces. Most of the gas is not likely to be sold domestically either. Asian markets pay 300-400% higher prices so maybe its 40 million a day wasted. Either way, the amounts are staggering and I think you will be surprised when 2014 year end totals roll in. Its too bad we can't get any real estimates of how much potable water was used in the processDaveinOlyWAhttps://www.blogger.com/profile/16745403231379474738noreply@blogger.comtag:blogger.com,1999:blog-3022888953328060401.post-91386230164012986002014-11-02T01:42:31.536-07:002014-11-02T01:42:31.536-07:00I think the amount of flared gas in more like $1-2...I think the amount of flared gas in more like $1-2 million per day, not $1 billion. No company would ever waste $1 billion/day of any resource, as this would meet or exceed the total value of all oil produced in the entire US per day (ex: <10 million barrels/day @ <$100/barrel = <$1B/day).<br /><br />According to:<br /><br />http://www.eia.gov/todayinenergy/detail.cfm?id=15511<br /><br />The gas flaring is ~500 million cubic feet/day, which if my computations are correct has an approximate market value of roughly $1-2 million/day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3022888953328060401.post-30780961920337405262014-10-18T15:25:44.593-07:002014-10-18T15:25:44.593-07:00Thanks for taking the time to reply. Glad you like...Thanks for taking the time to reply. Glad you liked the article. I spent a short stint as a car salesman and saw first hand people buying up gas hogs because the price of gas dropped a quarter only to realize 6 months later it was a mistake cause gas went up 50 cents which explains the first line of the post. <br /><br />The title really comes from the trade offs of cheap gasoline verses destroying the entire region the oil is being sucked from. Most people from that area are pretty sure that things like ranching and farming will be affected for decades after the oil companies abandon town. It very much is like the young man who sells his soul to the devil for luck to win the jackpot. Eventually, it comes time to pay it back. DaveinOlyWAhttps://www.blogger.com/profile/16745403231379474738noreply@blogger.comtag:blogger.com,1999:blog-3022888953328060401.post-62909788193533044622014-10-17T22:20:20.193-07:002014-10-17T22:20:20.193-07:00Hi Dave,
This is a powerful account of the effect...Hi Dave,<br /><br />This is a powerful account of the effects of fossil fuel + boom economy + desperate (I apologize to your friends; no dis intended) Americans simply wanting to pay off debt. <br /><br />Your story harkens the term "sustainable." Boom markets aren't sustainable--regardless of whether they last five or 25 years. They still end. They still crush dreams. They still cause havoc. Both during the boom's peak and after it falls into the dinosaur boneyard. <br /><br />I need to dig back in your blog and find some stuff about EVs and solar power. This fracking story was just too depressing. <br /><br />Keep up the good work. You have a very readable writing style. <br /><br />-- Curt RobbinsCurt Robbinshttp://middleclasstech.wordpress.comnoreply@blogger.com