Join our newsletter and get a free copy of "Maximizing Your Minerals"

Discover how you can:

  • Negotiate the best lease for your minerals
  • Understand how the oil companies work
  • Prevent costly mistakes

*Your information will not be shared with others.

Oil Booms – Is Green Energy a Fairy Tale?

by Kenneth E. DuBose on September 16, 2011

When you look at what is happening is South Texas, it’s hard to imagine a green world that creates jobs and actually pays people like the oil industry. The Eagle Ford Shale is a booming example of what old world of energy can do for the country.

The solar panel maker Solyndra just declared bankruptcy and took $512 million of tax payer money and 1,100 jobs with it. Enough of the green energy fairy tale! All of our energy, except nuclear, comes ultimately from the sun. We humans are extremely fortunate. Over many millions of years nature created vast deposits of natural gas, oil and coal by concentrating the sun’s energy. All three contain very concentrated amounts of energy in each pound. The standard measure of energy is the British thermal unit (BTU). One BTU is the amount of heat energy required to heat one pound of water one degree Fahrenheit. Each pound of natural gas contains about 24,000 BTUs when burned. Likewise oil contains 21,000 BTUs and coal contains 13,000 BTUs.

Natural gas, oil and coal are easily and cost-effectively transported from where nature put them to any other place in the world. They are easily used. Natural gas is a perfect fuel for heating buildings, generating electricity and even as a vehicle fuel. Oil in the form of gasoline, diesel and jet fuel is a perfect fuel for vehicles, planes, trains, and ships. Coal is a perfect fuel for electric power generation. With existing cost-effective environmental controls all three are very clean.

Horizontal drilling and fracturing technology was recently developed to produce natural gas from tight shale formations like the South Texas Eagle Ford. As a result our natural gas supply is at least a 100 years and maybe a lot more.

Read the full news release at caller.com

Previous post:

Next post: