All Forum Posts by: Robert Warren

@Tom Giles

Welcome to the site and congrats to owing a property here in Colorado!

@Greg Anderson

How much money do investors need in the project?

@Jon Holdman

One more issue with fracking is that the wells play out in 2 to 3 years.  We have seen the low hanging fruit exploited.  This next phase will be more expensive just in time for the oil prices to tumble.

Look for more volatility in oil prices in the years ahead.  We are in a time of transition and it will be a rocky road for awhile.

Ok, It seems to me that anyone making a claim like that would have to have a handle on the big picture and not be a typical petroleum geologist or engineer.  They would also have to be privy to lots of private data kept secret by each of the oil companies.  

Here is what I know from actual production data that is easily accessible.  We, in the US, started drilling for gas and oil first, in the world.  We developed our resources first we have been exploring here the longest and been pumping here the longest.  We have drilled more holes in the US than any other place in the world.  In 1976 we peaked in our petroleum output.  The Alaska oil production was a small bump on the side of the bell curve as our production declined.

We import 30% of our energy.  The recent up tic in production is very small compared to the amount we import.  To become a net energy exporter we would need, 1. the resources, (this is what your geologist buddy thinks we have but this is not a settled fact), 2. multiple decade long effort.  After all, we have been getting more dependent on foreign oil every year for the last 40 years.  It will take at least that to reverse the trend.

@Rami Aweti

Global climate change is real.  The data shows that the planet warmed during our last up tic up in sun spot numbers and peaked with the El Nino event in 1997.  The number of sun spots is a good proxy for the amount of energy transferred from the sun to the earth.

As is typical with the sun spot cycle the number once they peak then the number of sun spots declines and with it we have recorded a pause in rising global temperatures.  Many top scientists are forecasting that we are entering into a very quiet period on the sun with very few or no sun spots.  Just like the Maunder minimum it is a time when far less energy will be transferred to earth.  So, in the next two decades or so we are likely to see a dramatic shift toward colder temperatures and far worse storms, failed crops etc.  This could last 100 years or so.

@Bill S.

I am trained as a geologist and worked as a geophysicist and have spent a good deal of time researching the oil and gas mine engineering.  If reserves are developed quickly, then the ultimate recovery goes way down.  So I'm afraid that this statement doesn't square with the engineering.

@Bill S.

Are you sure that its due to facking?  The article talked about a cheese and wind turbine factory.   A few big employers can make a real impact in a small population.   But this is also the story of the boom and bust cycle.  Energy prices down.  There goes both the fracking and wind turbines.

There is also migration within this region.  A lot of down sizing here in Western Colorado.  Less is more: expenses of all kinds, taxes, size of home and property.  Moving from the big acreages with stunning views to town and closer to amenities.

@Mike McFadden

From where are you getting your probate lists?  Western is still moving along and hasnt had the big pop like the Front Range.

Sign the contract in the morning at the Title office and have someone witness it.