posted on Jul, 5 2014 @ 01:24 AM
I'd like to share what I know from the... "biased" side of the industry we are discussing. The eastern coast and the interior of the USA has an
abundance of "frackable" natural gas and even oil producing shales. Hydraulic fracturing IS a big deal in the industry, and it all comes done to
how and where oil and gas are usually pumped, which in turns means whether or not something is an economic or subeconomic resource.
The formation of gas and oil are in fact biogenic. Organic material is cooked as it is buried with the sediment it is in, and as it gets buried, it
gets condensed by pressure of the overlying sediment and rock. Usually this happens in black shales, which are oceanic deposits, but any sediment
with sufficient organic material will work... As this organic material is cooked, it forms first kerogen, which is essentially stable where it is.
Cook that, it releases crude and gas. These by products, if unhindered, will eventually rise to the surface, unused by man. Most potential fossil
fuels end up at the surface, unusable and unused. It is only when these resources are naturally collected and concentrated that they can be
Essentially before modern hydraulic fracturing (which requires some pretty high-tech alloy pipes and drilling apparatuses...), oil geologists looked
for structural geology that would trap and concentrate this rising oil and gas. These structures are called trap rocks, and they can consist of
folds, faults, or unpermeable rocks that essentially hinder the rest of the material from flowing upward, which causes a large reservoir to form...
With fracking, well, now they can just go to the source rock, and as long as not all of the material has risen up, it can be fracked and collected.
Unfortunately, I've read some reports of fracking companies (with regard to purely natural gas) actually going out of business because of the
cheapness and abundance of natural gas in the USA... I also hear that a lot of places use natural gas to process crude into gasoline and other
petroleum products because of the cheapness and abundance...
Anyway, yeah... Not stolen oil and gas, just suddenly extractable and economic thanks to new tech.
(Disclosure for those who don't know, I am a geology undergrad... Don't think less of me for it.)