Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Sunday, April 17, 2011

Feed Stock...Why Most Natural Gas Will End Up In China and India

For starters, an ugly truth, a finger pointed at each of us collectively and individually.  Our never ending need for STUFF, CONSUMER GOODS is slowly killing the only planet we have on which to reside.  I read some time ago an article that claimed, "Our current rate of consumption, coupled with the rate of growth of our human population will see us needing TWO PLANET EARTH's by the year 2050 to meet the natural resource demands of our human needs.  When are we going to wake up to the reality that less is more, when are we going to wake up to the fact that we need a NEW ECONOMIC MODEL based on something other than MASSIVE CONSUMPTION of material goods and services?

Which brings us to the primary focus of this article...the truth that our government, the Natural Gas industry, and perhaps the entire industrialized world does not want us to know, perhaps the single largest driving factor in the push to drill our lands here in America for Shale Gas...INDUSTRY...the production of ALL THAT STUFF we run out and HAVE TO BUY because commercials, and peer pressure tell us we need to have IT for our lives to be complete.  How many of us in the battle to stop Horizontal Hydraulic Fracking are aware of the hard statistic that a full 43 percent of of the Natural Gas from ALL SOURCES is used in the industrial processes of making PRODUCT?  Where is that product produced?  Not here in America, our jobs have been outsourced in the name of a World Economy, and now the powers that be want to rape our lands for the necessary raw materials to feed the industrial machine that keeps the pockets of the rich and elite lined with gold...Look to India, look to China, and you will see the new Industrial Base that supplies our never ending demand for NEW STUFF.

Natural Gas is not just energy.  Natural gas has a multitude of industrial uses, is absolutely crucial as a feed stock, providing the base ingredients for such varied products as plastic, fertilizer, anti-freeze, and fabrics.  Look at the price of oil...the chemical industry depends upon fossil fuels as the base line from where almost all of today's products come from.   As the dwindling supply of oil reserves see prices going up and up, alternatives are sought out...can we say Natural Gas?  We are told we have a 100 year supply of it here in America right underneath our homes, properties and land...told that allowing (un)Natural Gas companies to drill for it will end our dependence on Foreign Oil.  What is going to happen to the price of (un)Natural Gas as demand for this resource begins to rise...how long before we see the equivalent of FOUR DOLLAR A GALLON NATURAL GAS?  Two questions:

1.  How long is that (un)Natural Gas going to last if the world wide consumption rates continue to rise, if the Industrial Complex demands ever larger quantities to keep up with our collective demand for consumer goods?

2.  We have pretty well tapped out the world's Oil Reserves, and now are turning to (un)Natural Gas to meet our ever growing demand for both energy and consumer goods.  What do we turn to in say 50 years when we have played out the Natural Gas Reserves around the world?

Our Ameircan (un)Natural Gas is going to end up, when everything is said and done, in a landfill.  The next time you are drooling over that new IPAD, or Kindle, the next time you cannot wait to get the newest, greatest gadget, ask yourselves, "Can Mother Earth afford the price it will cost her for me to own this new toy?"  When you find yourselves plugged into your toys from the time you get up till the time you go to bed, ask yourselves, "What am I doing to TRULY CONSERVE the world's dwindling stockpile of raw resources and conserve energy. Lastly, before you allow Fracking in your neighborhoods, on your land, ask yourselves, "Where is that precious natural resource REALLY GOING?" 

If the answer to that last question is, "To China and India where it will be used in a never ending mass production machine that spits out products that end up on landfills." maybe just maybe it is time to "Just Say No" when the landman comes looking for your signature on a (un)Natural Gas Lease.

Wednesday, April 6, 2011

Why Is Natural Gas Industry Allowed To Rape Our Lands For Foreign Countries?

If you listen to the Natural Gas Industry propaganda, or accept the lies being spoon fed us by the elected politicians, America needs shale gas production to END OUR DEPENDENCE on FOREIGN OIL.  Now, setting aside the fact that we trying one fossil fuel dependence for another, one has to ponder a very serious question..."If we need our SHALE GAS to end our dependence on foreign oil, why are the Natural Gas companies being allowed to go out and buy leases for vast tracts of land, and turn around and sell them to FOREIGN COMPANIES who want to take our gas, and SHIP IT OVERSEAS!

Below are major shale gas and oil acquisitions:
APRIL 2011:
-- Marubeni Corp (8002.T) will pay Marathon Oil Corp
(MRO.N) about $270 million for a 30 percent stake in a U.S.
shale oil project. [nWNAB2649]
FEBRUARY 2011
-- PetroChina (0857.HK) pays Encana Corp (ECA.TO) $5.4
billion for half of a shale gas project. [ID:nN09296031]
--  BHP Billiton (BHP.AX) pays Chesapeake Energy Corp
(CHK.N) $4.75 billion for gas reserves in the Fayetteville
Shale in Arkansas. [ID:nLDE71L1M0]
DECEMBER 2010
-- South Africa's Sasol (SOLJ.J) pays $1.03 billion for a
half share in Talisman Energy Inc (TLM.TO) shale gas property.
[ID:nLDE6BJ04G]
OCTOBER 2010
-- CNOOC Ltd (0883.HK) (CEO.N) agrees to pay Chesapeake
Energy $1.08 billion in cash for one-third of its Eagle Ford
shale in South Texas. [ID:nN10263769]
JUNE 2010:
-- India's largest listed company Reliance Industries
(RELI.BO) will invest $1.36 billion in the U.S. shale gas
assets of Pioneer Natural Resources (PXD.N). [ID:nSGE65N06C]
MAY 2010
-- Royal Dutch Shell (RDSa.L) says it will pay $4.7 billion
cash to buy privately held East Resources Inc, which controls
650,000 net acres (2,600 square kilometers) in the Marcellus
Shale. [ID:nLDE64R0AX]
APRIL 2010:
-- British gas producer BG Group (BG.L) said it would pay
$950 million to buy a 50 percent interest in shale gas assets
in Appalachia from EXCO Resources (XCO.N).
FEBRUARY 2010:
-- S.Korea's KOGAS (036460.KS) invests $1.1 billion in
developing Encana Corp's natural gas fields. [ID:nTOE61R013]
-- Canada's Progress Energy Resources Corp (PRQ.TO) agreed
to buy certain northeast British Columbia Foothills assets for
about C$390 million ($366.2 million) from Suncor Energy
(SU.TO). [ID:nSGE6180KX]
DECEMBER 2009:
-- Exxon Mobil Corp (XOM.N) announced its plan to buy XTO
Energy Inc XTO.N for about $30 billion in stock. XTO's
resource base is the equivalent of 45 trillion cubic feet of
gas and includes shale gas, tight gas, coal bed methane and
shale oil. [ID:nN14126206]
-- Ultra Petroleum Corp (UPL.N) said it would pay about
$400 million to an unnamed private company to buy 80,000 net
acres in the burgeoning U.S. Marcellus Shale region, giving it
about 250,000 net acres and a potential for 1,800 net drilling
sites. [ID:nSGE5BK0EU]
NOVEMBER 2009:
-- Denbury Resources Inc (DNR.N) said it would buy Encore
Acquisition Co for $3.2 billion, creating a company with 426
million barrels of oil equivalent in proved reserves.
[ID:nN01400606]
The acquisition would allow Denbury to leverage its
enhanced-oil-recovery business into Encore's properties in
Wyoming, Montana, and North Dakota, and would give it a large
stake in the Bakken shale on the U.S.-Canada border.
JUNE 2009:
-- British gas producer BG Group paid Dallas-based Exco
Resources Inc (XCO.N) $1.3 billion for an interest in shale gas
resources in Texas and Louisiana. [ID:nLU618520]
The companies said each would own 50 percent of a venture
to which EXCO is contributing 120,000 acres of land in the
Haynesville shale gas area and associated gas infrastructure.
MAY 2009:
-- Talon Oil & Gas LLC bought 60 percent of Denbury
Resources Inc's (DNR.N) natural gas assets for $270 million.
-- Independent oil and gas company Quicksilver Resources
Inc (KWK.N) agreed a joint venture with Italian energy giant
Eni (ENI.MI) to develop its Barnett shale properties in Texas.
[ID:nBNG161361]
As part of the deal, Eni agreed to buy a 27.5 percent stake
in Quicksilver's Alliance leasehold interests in the Fort Worth
basin for $280 million.
MARCH 2009:
-- Independent Canadian oil exploration firm TriStar Oil &
Gas and Crescent Point Energy Trust agreed to buy Talisman
Energy Inc's lands in the prolific Bakken shale region of
Saskatchewan and Montana for C$720 million ($567 million).
TriStar was later acquired by Petrobank Energy and
Resources Ltd (PBG.TO), which combined its own conventional oil
assets with TriStar to create a new company called PetroBakken
Energy Ltd (PBN.TO).