Frakking away, the Green’s dismay. They will still find fault, probably the colour of the oil or something, just because. Bishop Hill:
I think it was Bryony Worthington who once asked a bunch of environmentalists what they would happen if a fairy could wave a magic wand and do away with the warming effects of carbon dioxide. Would they be happy for mankind to continue to burn fossil fuels?
The answer of course was “no”.
Interesting then to read the news that Roman Abramovich has made a major investment in a company that claims to be able to fracture rocks without any fluids at all.
Russian billionaire Roman Abramovich has invested $15 million in Houston-based Propell Technologies Group, Inc. (OTC:PROP) and its new fracking technology from wholly owned subsidiary Novas Energy. Significantly, this new enhanced oil recovery (EOR) technology enables ‘clean’ hydraulic micro/nano fracturing of oil reservoirs—that is, without water, without polluting chemicals and without earthquakes.
According to Propell, the Plasma Pulse patented downhole tool creates a controlled plasma arc within a vertical well, generating a tremendous amount of heat for a fraction of a second. The subsequent high-speed hydraulic impulse wave emitted is strong enough to remove any clogged sedimentation from the perforation zone without damaging steel. The series of impulse waves/vibrations also penetrate deep into the reservoir causing nano fractures in the matrix which increase reservoir permeability for up to a year per treatment.
It sounds like the shale gas industry’s very own magic wand. You can almost sense the dismay among the green fraternity.