30 Aug '14, 1pm

#peakoil Saudi Aramco will spend $3 billion on shale gas development: Four companies have expressed interest i...

rockman on Sat, 30th Aug 2014 10:15 am “…a shale gas surge in the United States, which has transformed it from the world’s largest gas importer to an exporter…” Absolute intentional misleading statement IMHO. First, the US was exporting some NG long before the shale boom. And second, more important, the US is still a net NG importer. The US also exports some LNG but we are still a net LNG importer. And their own expectations? “Aramco plans to produce as much as 200 million cubic feet per day of unconventional natural gas by 2018″. That’s a very insignificant amount of production by any standard. That amount is 0.7% of current US shale gas production. And the plan to spend $3 billion to develop their shales? That would represent 300 completed wells…at most. This would barely stand as pilot project let alone a “development program”. IMHO the KSA isn’t indicating any signific...

Full article: http://peakoil.com/business/saudi-aramco-will-spend-3-bil...

Tweets

Taiwan to spend $2.5 billion on anti-missile sy...

defensenews.com 30 Aug '14, 3pm

TAIPEI — plans to spend Tw$74.8 billion ($2.5 billion) in the next nine years to acquire anti-missile systems to boost its...

The only way we can reduce how much we spend on...

nrdc.org 30 Aug '14, 12pm

There's nothing we can do to control the price of gas in America, because oil prices are set on a global marketplace. As w...

Global Shale Gas Development: Water Availabilit...

wri.org 02 Sep '14, 6am

Limited availability of freshwater could become a stumbling block for rapid development of shale resources through hydraul...

#peakoil Musings on the Second Great Recovery Experiment and the Promise of Natural Gas: Like the economy as a...

#peakoil Musings on the Second Great Recovery E...

peakoil.com 30 Aug '14, 2pm

1) Tom Armistead conducted this interview for Streetwise Reports LLC, publisher of The Gold Report, The Energy Report, The...

One BILLION! Still can't believe it.

michellephan.com 02 Sep '14, 7pm

Hello, My Subbies! I want to say THANK YOU to each and every one of you for helping me reach over 1 billion views on Youtu...

Taiwan to spend $25bn on anti missile

Taiwan to spend $25bn on anti missile

brahmand.com 01 Sep '14, 8am

Taiwan plans to spend USD 2.5 billion in the next nine years to acquire anti-missile systems to boost its aerial defences ...

LEED for Neighborhood Development #urbansustx

usgbc.org 31 Aug '14, 3pm

Internet Explorer versions 7 and older have known compatibility and security issues with modern web standards which affect...

Renewable Natural Gas: Turning Waste into Energ...

When I first saw the phrase “renewable natural gas” over at Sustainable America’s site , I thought “Hmmmm…. someone’s hire...

Shale Oil Drillers Deliberately Wasted Nearly $...

desmogblog.com 04 Sep '14, 1pm

Texas law forbids drillers to flare past 10 days without a permit – but out of the twenty wells that had flared the most g...

Saudi king warns of terrorist threat to Europe, US

stripes.com 30 Aug '14, 5pm

RIYADH, Saudi Arabia — The king of Saudi Arabia has warned that extremists could attack Europe and the U.S. if there is no...