electroken
Elio Addict
These lower gas prices look great on the surface. However, my 401k plan has lost more value this year than I spent on petroleum products this year.
Welcome to Elio Owners! Join today, registration is easy!
You can register using your Google, Facebook, or Twitter account, just click here.Recoverable Reserves = A term used in natural resource industries to describe the amount of resources identified in a reserve that is technologically or economically feasible to extract. A new reserve can be discovered, but if the resource cannot be extracted by any known technological methods, then it would not be considered part of recoverable reserves. Recoverable reserves is also often called proved reserves.
mbpd = million barrels per day
kerogen shale = a precursor to crude bound in sedimentary rock. The largest deposit of kerogen is found in the Colorado/Utah/Wyoming deposits. It may be large reserve but recovering it would be very expensive, ~$60+/gallon of gasoline, so it will not be a useful source if ever. The EROEI would be negative.
EROEI = energy returned on energy invested
IEA = International Energy Association
Saved you from having to use Google...
Thank you for that concise report. You are the man and I personally appreciate your time and effort very, very much. :-) ZRecoverable Reserves = A term used in natural resource industries to describe the amount of resources identified in a reserve that is technologically or economically feasible to extract. A new reserve can be discovered, but if the resource cannot be extracted by any known technological methods, then it would not be considered part of recoverable reserves. Recoverable reserves is also often called proved reserves.
mbpd = million barrels per day
kerogen shale = a precursor to crude bound in sedimentary rock. The largest deposit of kerogen is found in the Colorado/Utah/Wyoming deposits. It may be large reserve but recovering it would be very expensive, ~$60+/gallon of gasoline, so it will not be a useful source if ever. The EROEI would be negative.
EROEI = energy returned on energy invested
IEA = International Energy Association
Saved you from having to use Google...
I used to never be able to see ahead in traffic due to all the big trucks and SUVs, now I can because most vehicles are cars. That is a definite change in vehicle purchasing.I used to think that $4.00/gal gas would change American driving habits / vehicle purchasing, but any more, I suspect that it would take prices somewhere north of $8.00 or even $10.00 to effectively change things. :-/