While alternative energy companies have been innovating, the carbon fuel companies have been innovating even faster.
From an NPR story:
"An engineer named George Mitchell
and his company, Mitchell Energy, spent years searching for a way to
free natural gas from this source rock. He finally succeeded when he
figured how to drill horizontally, into and then along a layer of source
rock. That allowed him to access the gas throughout a layer of source
rock with a single well. Then he used a process known as hydraulic
fracturing, or "fracking" to create tiny cracks in the rock that would
allow natural gas to flow into and up the well."
"The common wisdom in the industry was that the process Mitchell had
invented for natural gas wouldn't work for oil. Oil molecules are bigger
and stickier than gas molecules, so petroleum engineers believed it
would be impossible to get them to flow from source rock, even if the
rock were cracked by fracking. But Mark Papa, the CEO of a small oil and
gas company called EOG Resources, didn't accept that.
EOG snapped up land in a similar formation in South Texas
known as the Eagle Ford Shale for $400 an acre when his competition
thought it would never produce much oil. That land now goes for $30,000
per acre. Papa thought the Eagle Ford might hold 500,000 barrels of oil. The
Department of Energy now predicts it holds 3.4 billion. Some even expect
10 billion, which would make it the biggest oil field in U.S. history."
"The drilling-services company Baker Hughes has designed a bit that
can change directions underground, without having to be drawn back up to
the surface, reducing drilling time by as much as 40 percent.
Behind the drill bit, attached to a long line of steel known as the
"drill string," is an array of sensors. The sensors bombard rock with
subatomic particles and measure the gamma radiation that bounces back.
They assess how easily electricity flows through the rock and
underground fluids. They analyze the magnetism of the rock and how it
vibrates — both up and down and side to side — while drilling."
"To the layman, it looks like dumb iron, but you'd be shocked about
what's inside," says Art Soucy, president of global products and
services at Baker Hughes.
All this information is sent to engineers via fiber-optic cables.
They run the information through supercomputers as powerful as 30,000
laptops to create a picture of the earth thousands of feet below the
surface."
"And when the drilling is done, the rig itself can "walk" a hundred
feet or so to another location and start drilling again. In the past,
rigs had to be taken down and reassembled, which could take days. New
rigs are built on sliding "shoes" that allow hydraulic lifts to shuffle
the rig forward in short steps."

These are the good old days
With all the doom and gloom around us it is easy to forget what a remarkable life we enjoy when it comes to comfort, health, food, appliances and more. I have long said this is what Florence must have felt like during the Renaissance (hint - this blog's title for last 8 years)
Here's 31 charts which will make you smile that you are alive today, including my favorite below. It's good to be Moen, Kohler, Grohe, Toto and others who make the nice spas and even the humble showerheads.
Thanks to Steve Wendler for the pointer.
May 22, 2013 in Industry Commentary | Permalink | Comments (0) | TrackBack (0)