What will happen in Patagonia?

[Aconcagua]

Repsol discovery

 

[French jurist]

What's worrying is this:
"Rix said the oil would be extracted by hydraulic fracturing, or "fracking," the technique that involves injecting water, sand and chemicals at high pressure to force out the fuel. It's not yet clear which water sources would be used in that process."

Extracting Shale oil results in an ecological disaster (will affect the lives of many in the future). Hopefully, this technic is being banned in many countries, let's hope that Argentina will do the same.

"We don't inherit the land from our fathers, we borrow it from our children"

 

[Matt84]

exceptional!

They found some in offshore Uruguay as well, as a sort of a continuation of the Brazilian Santa Catarina fields. Particularly interesting when

Joint Forces Command (all US military services) just released the Joint Operating Environment 2010 with the energy comment:
"By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day."

"A severe energy crunch is inevitable without a massive expansion of production and refining capacity. While it is difficult to predict precisely what economic, political, and strategic effects such a shortfall might produce, it surely would reduce the prospects for growth in both the developing and developed worlds. Such an economic slowdown would exacerbate other unresolved tensions, push fragile and failing states further down the path toward collapse, and perhaps have serious economic impact on both China and India. At best, it would lead to periods of harsh economic adjustment. To what extent conservation measures, investments in alternative energy production, and efforts to expand petroleum production from tar sands and shale would mitigate such a period of adjustment is difficult to predict. One should not forget that the Great Depression spawned a number of totalitarian regimes that sought economic prosperity for their nations by ruthless conquest."

"Energy production and distribution infrastructure must see significant new investment if energy demand is to be satisfied at a cost compatible with economic growth and prosperity."

"The discovery rate for new petroleum and gas fields over the past two decades (with the possible exception of Brazil) provides little reason for optimism that future efforts will find major new fields."



Foward by General James N Mattis[/B]

 

[Aconcagua]

What's worrying is this:
"Rix said the oil would be extracted by hydraulic fracturing, or "fracking," the technique that involves injecting water, sand and chemicals at high pressure to force out the fuel. It's not yet clear which water sources would be used in that process."

Extracting Shale oil results in an ecological disaster (will affect the lives of many in the future). Hopefully, this technic is being banned in many countries, let's hope that Argentina will do the same.

"We don't inherit the land from our fathers, we borrow it from our children"

Other complications from the process:

tremors

 

[jantango]