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If gas hydrates as well as shale gas, tight oil, oil sands and other unconventional sources can be tapped at reasonable cost, then the global energy picture looks radically different than it did only a few years ago. Suddenly it appears that there may be enough accessible hydrocarbons to power industrial civilization for centuries, if not millennia, to come.
The U.S., Canada and Mexico, it turns out, are sitting on oceans of recoverable natural gas. Shale gas is combined with recoverable oil in the Bakken "play" along the U.S.-Canadian border and the Eagle Ford play in Texas. The shale gas reserves of China turn out to be enormous, too. Other countries with now-accessible natural gas reserves, according to the U.S. government, include Australia, South Africa, Argentina, Chile, France, Poland and India.
Originally posted by fairone98501
reply to post by incrediblelousminds
Yes but at what cost? No one ever seems to calculate the environmental cost when looking at this.
Originally posted by incrediblelousminds
No one is actually going to stop extracting resources because of environmental cost as long as there is a demand. And there is an ever-growing demand.
Originally posted by incrediblelousminds
The article merely points out how 'peak oil' doesnt appear to take into account new technologies and if true, this information is important for people to re-adjust their understanding of the broader topic of 'peak oil'.
Originally posted by makeitso
Originally posted by incrediblelousminds
No one is actually going to stop extracting resources because of environmental cost as long as there is a demand. And there is an ever-growing demand.
What? Yes they are.
How about the Gulf of Mexico, where Obama has forbidden drilling? Or Alaska, where Obama has forbidden drilling?
Originally posted by makeitso
reply to post by incrediblelousminds
Are you saying your backing off your statement that nobody will stop extraction due to environmental issues?
You seem to be. Changing it to a conditional "long term" statement is like moving the goal posts of your statement, doncha think?
Originally posted by l_e_cox
reply to post by incrediblelousminds
The big question remains: Can we afford to continue burning hydrocarbons to provide most of our energy?
They're great for making plastics, but even a lot of those have toxicity problems.
We've got to work towards a cleaner and more sustainable way to live on this planet if we want to keep it, don't we?