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Conformable Contacts
Notes from the intersection of faith, reason and geology
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Why woody biofuels wouldn’t be the best plan for the EU

Why woody biofuels wouldn’t be the best plan for the EU | Conformable Contacts | Scoop.it

"So then electric cars make more sense?

 

Yes, that is what our work shows us. It is more efficient to use the wood to produce heat and electricity and charge our cars than to convert it into biofuels to use as a fuel."

 

Image credit: http://euobserver.com/economic/117901

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Earthly Musings - Wayne Ranney's Geology Blog: A Trip to the (Booming) Eagle Ford Shale Oil Field

Earthly Musings - Wayne Ranney's Geology Blog: A Trip to the (Booming) Eagle Ford Shale Oil Field | Conformable Contacts | Scoop.it

" I recently visited San Antonio, Texas where right now, a modern-day oil boom is underway to the southeast of that proud city. New technology has allowed petroleum companies to drive their drills 11,000 feet beneath the desert floor to a rock unit known as the Eagle Ford Shale. I recently got to visit a friend who owns a small ranch in Karnes County, right in the middle of this bonanza. I took some pictures while on Jow Orr's ranch. First though, a little background."

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The New California "Black Gold" Rush

The New California "Black Gold" Rush | Conformable Contacts | Scoop.it

California's Monterey Formation has almost 4 times the amount of "technically recoverable shale resources" as North Dakota's Bakken Shale.

 

"The new bore of the Caldecott Tunnel goes through the Claremont, and the whole job was done with precautions taken against the rock's natural gas. The project's engineering geologist told me that he often saw gas bubbling under his boots and smelled sulfurous gases and the peculiar tarry odor of crude oil. Although the Monterey and Claremont are both commonly light-colored in outcrops, at depth they are often still dark brown and black, steeped in organic matter. Alum Rock Park, in San Jose, is one place where deep erosion uncovers the dark stuff."

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Energy Boom Turns to Bust in Colorado (I hope North Dakota is listening)

Energy Boom Turns to Bust in Colorado (I hope North Dakota is listening) | Conformable Contacts | Scoop.it

When I started working for an oil company as a geologist in the early 80s, I had two companies fighting over me.  Two years later, there were little or no jobs for the geologists graduating from my school.  Back then the joke was, "What do you call a geologist in Midland, Texas?"  The answer:  "Waiter!"

 

It's a boom and bust business, and it doesn't look like that will ever change.

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American shale gas project is a bubble about to burst

American shale gas project is a bubble about to burst | Conformable Contacts | Scoop.it
The extraction of shale gas in the US is unprofitable and this “soap bubble will burst soon,” says the CEO of Russian gas giant Gazprom Aleksey Miller. “Currently, there aren’t any projects that we know of where shale gas production would be profitable,” Miller stated, adding that “absolutely all the boreholes” are in the red.

 

Certainly an interesting perspective, but I would be very interested to know the rationale behind this statement.  Where does he get his information about the profitability of American drillers?


Via Catherine Russell
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Jim Bob Moffett at it again

Jim Bob Moffett at it again | Conformable Contacts | Scoop.it
James R. Moffett is Co CEO of cash rich Freeport McMoran Copper and Gold and cash starved McMoRan Exploration.

 

"The Financial Times is not the National Enquirer of business news. It is a highly respected purveyor of financial information. So one sits up and takes notice when the FT publishes a report , as it has on December 5th in the wee hours of the night, that suggests that Freeport-McMoRan Copper & Gold (FCX) would like to return to its roots in the oil and gas business and buy up McMoran Exploration (MMR) and another larger exploration and production company, Plains Petroleum (PXP)"

 

Short story:  there may be new blood in the Gulf of Mexico again, judging from super-wildcatter Jim Bob Moffett's activities.

 

Of interest to me because he got his Master's in Geology at my alma mater, Tulane University, and has been very generous to the New Orleans community over the years.  Here's another article on Jim Bob: http://www.bloomberg.com/news/2012-11-28/wildcatter-moffett-s-davy-jones-well-bet-tests-investors-energy.html

 

Sample:

 

"In New Orleans, an oil-friendly town where Moffett once headed a local business council and gives generously to the Boy Scouts, he is considered something of a folk hero -- and Davy Jones really is a celebrity. “In New Orleans, I think everybody with two nickels to rub together owns a little McMoRan” stock, said Peter Ricchiuti, a finance professor at Tulane University who has followed Moffett’s career. “You like the Saints and you got a little McMoRan for your kids."

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Billionaire backs new geology school to bear his name | Grand Forks Herald | Grand Forks, North Dakota

Billionaire backs new geology school to bear his name | Grand Forks Herald | Grand Forks, North Dakota | Conformable Contacts | Scoop.it
One of the Bakken’s biggest players is funding a new geology school at UND’s College of Engineering and Mines with a gift that will cover new equipment, faculty pay, student scholarships and a virtual library, the university announced Monday.

 

Let's hope the shale boom doesn't bust, and leave this new school high and dry.

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