The Future Of Unconventional Gas
Sunday, June 6th, 2010Unconventional gas production, such as that from the Barnett Shale in Texas, could account for more than fifty percent of America’s gas supply twenty years from now. These exciting new energies have emerged as a direct result from technological developments in the drilling industry.
New and prosperous energies are cropping up as scientists constantly search for ways to improve existing methods of drilling for oil. New resources like gases, minerals, and by-products of oil are discovered beneath the earth’s surface frequently. To harness these resources and improve methods of drilling for oil is as financially sound as it is practical.
From the dawn of the past century the world has needed motor fuels, and its need has grown exponentially. The demand is only increasing, and so the demand for oil and gas grows as well. Many analysts think the needs for these resources will double in the coming decades. The world needs oil and gas now more than ever.
Oil is a key ingredient in many everyday products that people use, yet are keenly unaware of. Products like Vaseline include petroleum. Don’t use Vaseline? Chances are you have a moisturizer in your bathroom that has it as a listed ingredient. Refineries turn crude oil into mixes that are used for everything from detergents to keep our clothes soft to drugs that fight off life threatening illnesses.
Top 3 Types of Petroleum Products:
Naphtha is one example of a petroleum based product, it is a form of feedstock most people are not familiar with. Then there are non-fuel related products such as lubricating oils or solvents. Last but not least are the fuel, like diesel and gasoline.
Oil is used in an extremely versatile way and whether we like it or not our economies and societies have become dependent on it. For example look at transportation. Although electric cars are being introduced albeit slowly and costly, the majority of motor vehicles use petroleum based fuels. Air transportation is one of the biggest consumers of oil and has yet to find a workable alternative. The second biggest petroleum consumption sector is the industrial market. Home and commercial use including the electric utility sectors account for the remaining petroleum consumption.
So far humans have produced or extracted over 1 trillion barrels of oil. With the demand likely to double in decades to come we are looking at double our oil extraction and therefore oil exploration in less than one quarter of the time. Therefore oil exploration and unconventional oil and gas discoveries are paramount to the near future. These new discoveries and exploration are likely to come from unconventional resources and as-yet-undiscovered conventional oil. Since demand is only increasing the race to find the most efficient way of using our existing resources and discovering new by products may well be the most important next steps. The future lies in resource management and exploration for now.
Strike Energy is a global leader in the coal methane industry. To find out more visit StrikeEnergy.com.