• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours Reality catching up with EV forecasts
  • 5 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 5 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 3 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 days The Federal Reserve and Money...Aspects which are not widely known
  • 15 days US Oil Independence is a myth and will always be a myth
  • 16 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

They Say This Is The Next Nation For Shale

One of the biggest questions in the resource business has been: where in the world will shale gas and oil catch on next?

One group of analysts last week pulled together the salient data on the matter. And came up with a few ideas.

The report from Lux Research suggests that Australia might be the next big thing in shale. A consequence of the country's well-developed infrastructure and resource-friendliness.

ADVERTISEMENT

The interesting thing is, very few of the supporting factors raised by the analysts are geological. Instead, the group points to things like low population density in producing areas being a key Australian advantage. The report also suggests that Australia's long history of mining should make local populations much more receptive to shale drilling than in other parts of the world.

This indeed jives with the experience in many resource industries globally. Chile, for example, has become the world's top producer of copper largely because it has a huge geologic resource--located in a desert where almost no one is around to protest extraction.

ADVERTISEMENT

Interestingly, the Lux report also names Chilean neighbour Argentina as a place where shale development might take off. Again, the area benefits from sparse population in producing areas like the Neuquen basin. As well as developed infrastructure from conventional oil plays here.

Such musings fly in the face of much of the work being done on shale. Which tends to focus solely on geological parameters like shale thickness, organics content, and fracturing.

Those are important, to be sure. But the message seems to be that would-be international shale producers should be looking just as hard at the roads, plants and people in the basins they're considering. These "soft" factors might be even more critical than the rocks themselves in making or breaking a new project.

Here's to the social side of science,

By. Dave Forest


Download The Free Oilprice App Today

Back to homepage


ADVERTISEMENT


ADVERTISEMENT



Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News