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the frack thread
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boisdevie



Joined: 26 Dec 2012
Posts: 269
Location: N Lancashire

PostPosted: Wed May 01, 2019 4:18 pm    Post subject: Reply with quote

kenneal - lagger wrote:
If the government insulated our homes properly we wouldn't need so much gas. Such insulation could reduce the national requirement by 30% at least on the basis that 40% of gas is used in home heating and an 80% saving is possible.


Instead of the government taking money off people and then spending some of it on insulating homes of the same people, couldn't the people themselves use their money to insulate their homes?
PS - I'm a big fan of very small government given that taxation is theft.
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kenneal - lagger
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Joined: 20 Sep 2006
Posts: 10991
Location: Newbury, Berkshire

PostPosted: Wed May 01, 2019 6:46 pm    Post subject: Reply with quote

boisdevie wrote:
kenneal - lagger wrote:
If the government insulated our homes properly we wouldn't need so much gas. Such insulation could reduce the national requirement by 30% at least on the basis that 40% of gas is used in home heating and an 80% saving is possible.


Instead of the government taking money off people and then spending some of it on insulating homes of the same people, couldn't the people themselves use their money to insulate their homes?
PS - I'm a big fan of very small government given that taxation is theft.


They should pay for it by Quantitative Easing. i.e. they should just print the damn stuff like they did to bail out the banks. The situation is just as bad as it was when they bailed their mates out.

The "economics" of the situation just don't stack up for most people because economics is broken and doesn't take into account environmental issues. We have an environmental imperative to act on climate change so either we readjust all economics to make it feasible for everyone to do or the government just prints the money and gets on with sorting the situation out. I don't think that we have the time to sort economics out but the government can conjour up the money at the flick of a mouse switch.
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emordnilap



Joined: 05 Sep 2007
Posts: 14520
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Wed May 01, 2019 9:17 pm    Post subject: Reply with quote

It's a matter of feeding printed money in at the bottom and taxing it out at the top, boisdevie. In other words, too sensible to ever happen.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 5175
Location: New England ,Chelsea Vermont

PostPosted: Wed May 01, 2019 10:59 pm    Post subject: Reply with quote

boisdevie wrote:

PS - I'm a big fan of very small government given that taxation is theft.

While many a tax dollar is wasted it can not be said that all taxation is theft.
Would you like to live in a community with no public roads, National defense, police protection, or ambulance service to name a few legitimate uses of tax dollars.
The problem is finding elected officials to vote for that will only raise and spend the taxes that are really worthwhile. They are scarcer then hens teeth.
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BritDownUnder



Joined: 21 Sep 2011
Posts: 521
Location: Hunter Valley, NSW, Australia

PostPosted: Thu May 02, 2019 12:33 am    Post subject: Reply with quote

I am surprised in the windy (and occasionally sunny) UK someone has not invented a rooftop mounted wind and/or solar powered heat pump to replace or alleviate gas heating. On a cloudy day in Australia yesterday my water was still solar heated to 42 degC. I am all for the ending of gas power but there are a lot of nasty ruthless people in that industry who are very self interested and can buy a lot of friends.

I was very interested in one of the links posted earlier on this thread on the Drill or Drop website that the Egmanton oil field is still producing oil (about 240 m^3 last year so the Saudis can sleep easy). It has been there all my life, I was born there, and one of my earliest memories as a naughty child was going up to what was must have been an injection well, turning a wheel valve and seeing an oily black watery liquid shooting out the end of a pipe nearly hitting my 5 year old partner in crime.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1769

PostPosted: Fri May 10, 2019 7:41 pm    Post subject: Reply with quote

The Shale Boom is about to go bust

Quote:
As the shale play matures, the field gets crowded, the sweet spots are all drilled, and some of these operational problems begin to mushroom. “Declining well productivity in some plays, despite application of better technology, are a prelude to what will eventually happen in all plays: production will fall as costs rise,” Hughes said. “Assuming shale production can grow forever based on ever-improving technology is a mistake—geology will ultimately dictate the costs and quantity of resources that can be recovered.”

There are already examples of this scenario unfolding. The Eagle Ford and Bakken, for instance, are both “mature plays,” Hughes argues, in which the best acreage has been picked over. Better technology and an intensification of drilling techniques have arrested decline, and even led to a renewed increase in production. But ultimate recovery won’t be any higher; drilling techniques merely allow “the play to be drained with fewer wells,” Hughes said. And in the case of the Eagle Ford, “there appears to be significant deterioration in longer-term well productivity through overcrowding of wells in sweet spots, resulting in well interference and/or drilling in more marginal areas that are outside of sweet-spots within counties.”

In other words, a more aggressive drilling approach just frontloads production, and leads to exhaustion sooner. “Technology improvements appear to have hit the law of diminishing returns in terms of increasing production—they cannot reverse the realities of over-crowded wells and geology,” Hughes said.

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