Obama, Shale Gas, & China
Don't know about you, but I've anticipated the day that Obama would speak to the issue of shale gas and now he has.
"The two Presidents announced the launch of a new U.S.-China Shale Gas Resource Initiative. Under the Initiative, the U.S. and China will use experience gained in the United States to assess China’s shale gas potential, promote environmentally-sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the U.S.-China Oil and Gas Industry Forum, study tours, and workshops."
My thoughts...
I find it interesting that the President is now the spokesman for private E&P firms in China, offering this technology up, as if Chesapeake or other firms couldn't sell the shale technology on their own. Of course, the government has delved into areas not seen since....maybe FDR, but I wasn't around then.
I think that this an opportunity to discuss why our government, our President isn't willing to broach topics like shale gas here in our own land, a land desperately in need of energy solutions. It appears to me that he is pushing premature energy sources while conceding sources such as nuclear and shale gas to our competitors, with the notion that "one nation's success shouldn't come at the expense of another nation." What?? I am so thankful that FDR and Truman didn't have this philosophy as they pursued the A-Bomb, that NASA didn't have this philosophy when we put a man on the moon, that Reagan didn't have this when he asked Gorby to tear down this wall. AND I don't think we should have this when it comes to energy technology which essentially is national security in this day & age.
Another issue, ancillary. is that we used to use our technology to uphold democratic regimes. I would much rather assist Eastern Europe in easing their dependence on Soviet (oops Russian) gas. We have wedded ourselves, and supposedly enriched ourselves, with China. I think we are likely to pay for this at a later date as China becomes emboldened by a weaker US.
"The two Presidents announced the launch of a new U.S.-China Shale Gas Resource Initiative. Under the Initiative, the U.S. and China will use experience gained in the United States to assess China’s shale gas potential, promote environmentally-sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the U.S.-China Oil and Gas Industry Forum, study tours, and workshops."
My thoughts...
I find it interesting that the President is now the spokesman for private E&P firms in China, offering this technology up, as if Chesapeake or other firms couldn't sell the shale technology on their own. Of course, the government has delved into areas not seen since....maybe FDR, but I wasn't around then.
I think that this an opportunity to discuss why our government, our President isn't willing to broach topics like shale gas here in our own land, a land desperately in need of energy solutions. It appears to me that he is pushing premature energy sources while conceding sources such as nuclear and shale gas to our competitors, with the notion that "one nation's success shouldn't come at the expense of another nation." What?? I am so thankful that FDR and Truman didn't have this philosophy as they pursued the A-Bomb, that NASA didn't have this philosophy when we put a man on the moon, that Reagan didn't have this when he asked Gorby to tear down this wall. AND I don't think we should have this when it comes to energy technology which essentially is national security in this day & age.
Another issue, ancillary. is that we used to use our technology to uphold democratic regimes. I would much rather assist Eastern Europe in easing their dependence on Soviet (oops Russian) gas. We have wedded ourselves, and supposedly enriched ourselves, with China. I think we are likely to pay for this at a later date as China becomes emboldened by a weaker US.
Add a Comment
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Comment by Headly on December 2, 2009 at 14:58
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so does this mean someone else is drilling in Nac County? Are we seeing any upward price movement in Nat Gas? Have a good one all.
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Comment by sesport on December 2, 2009 at 13:56
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And how loud do actions speak such as let's NOT grab Osama while we have the chance. Let's keep it pithy & concise ... wait, that's redundant. 80)
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Comment by essay on December 2, 2009 at 11:38
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russia and china know that talk is cheap. actions speak louder than words.
i'm sure i can think of some more pithy aphorisms for everyone's amusement, give me a little time.
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Comment by sesport on December 1, 2009 at 19:35
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Well, the Russians are now talking "tough love" with regard to Iran, waiting for the Chinese to weigh in again. 80)
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Comment by John Avatar on November 30, 2009 at 22:19
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Wall Street seems to like the idea. It appears that you misjudged the industry's ability to sell itself as is reflected in the Shell-Petro China deal. http://blogs.wsj.com/environmentalcapital/2009/11/30/shale-gas-expl...
Chesapeake had to settle for a joint venture with South Africa and you know that's where "those people" came from. At the rate drilling technology is becoming a global product and shales are becoming the resource play of the century, it's just a matter of time before everyone knows our secret. I realize that building the first atomic bomb and then using it, thereby creating the largest waste of money on this planet, the arms buildup and the cold war, was in the interest of our national security. Reagan wouldn't have had a wall to tear down and loose nukes to chase over Eastern Europe. It's comforting to know that Iran has been the beneficiary of this technology.
I'm glad we went to the moon. I think we should do it every hundred years or so to prove we can. NASA obviously feels the same.
I know that it was a terrible thing for the President of the US to suggest to the leaders of the most polluting nation on earth an alternative to coal, but they could have Googled it to get the technology.
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Comment by Rick on November 30, 2009 at 4:43 -
John--It's actually getting pretty organized in Congress, with the formation of the Natural Gas Caucus. Key players are Dan Boren, OK, Mary Landrieu, LA, and Tim Murphy, PA. A good place to see some fundamental change would be in the committee spearheading Climate Change in the Senate, Senate Environment and Public Works--Barbara Boxer chair, and Jim Inhofe as minority chair.
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Comment by Headly on November 28, 2009 at 15:08
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OK, I am reading all of this. What Senator/Congressman do i need to press on to support the shaler's position? Let's get organized.
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Comment by sesport on November 27, 2009 at 21:57
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This is in no way meant to be taken as a strong indicator, but perhaps a small token sign that when "frenemies" talk things over they can then make progress in other important matters.
http://www.mcclatchydc.com/251/story/79632.html
" 'I think the Iranians will hear this very clearly, the fact that both the Russians and Chinese voted yes ... ' [Gary] Sick said."
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Comment by Rick on November 25, 2009 at 5:20
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Keith, how would this language work?
"The development of shale gas is expected to significantly increase U.S. energy security and help reduce greenhouse gas pollution."
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Comment by sesport on November 25, 2009 at 5:18
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China is going to do what it has to do to take care of itself. And it is doing just that, IMO, with fervor. As a result, they need energy and they need it ASAP. We can stand by and watch as Russia "feeds them their fish," or be the one to "teach them to fish." Which do you think will make for stronger relations? I don't think the Chinese will ever completely trust Russia as they have demonstrated their willingness to cut off consumers just this past year. The Chinese would prefer to "fish" for themselves.
At any rate, here's some analysis & forecasting that might give some insight into this situation.
http://www.eia.doe.gov/emeu/cabs/China/pdf.pdf
(hope that works, still haven't figured out that hyperlink skill) :0)
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