Article

2006-05-05 Science & Technology

PDF: Oil and Gas Innovation in the Fossil Fuel Future IEA Advisory Group on Oil and Gas Tech

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Posted by 3dc 2006-05-05 04:56|| || Front Page|| [1 views since 2007-05-07] Top

#1 Pretty good, but needs to add goverments through guaranteed floor prices have to remove the risk for developing non-conventional oil for it to really take off. Otherwise, businesses will worry that OPEC will 'crash the price' to drive off the challenge of unconventional sources, i.e. drive them out of business. Not that I think that they can.

Posted by phil_b">phil_b 2006-05-05 06:37|| http://autonomousoperation.blogspot.com/]">[http://autonomousoperation.blogspot.com/] 2006-05-05 06:37|| Front Page Top

#2 I'd add then when it talks about 'seed capital' it falls into the error of thinking the problem is technology. It's not. The problem is risk.

Posted by phil_b">phil_b 2006-05-05 06:39|| http://autonomousoperation.blogspot.com/]">[http://autonomousoperation.blogspot.com/] 2006-05-05 06:39|| Front Page Top

#3 It's not just a matter of economics and technology.

There is also the matter of people and physical capacity.

Right now, every major oil company is short of petro engineers and geophysicists. There are also not enough working drilling rigs. You don't create those assets just by dragging a person icon at the bottom of the screen and placing it in your company.

And that is just for the conventional and deep water resources.

Its worse when you talk about shale, heavy oil, etc.

Posted by mhw 2006-05-05 09:26|| 2006-05-05 09:26|| Front Page Top

#4 #1. AQ did threaten to attack Saudi oil infrastructure. So, if these are put out of commission and nobody takes responsibility...

Posted by gromgoru 2006-05-05 11:58|| 2006-05-05 11:58|| Front Page Top

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