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Editorial: Time to Find Alternatives to Oil and Gas


Business  (tags: americans, business, consumers, corporate, economy, Entrepreneurs, energy, ethics, finance, government, investments, marketing, money, news, oil, politics, society, usa, shale play, New Mexico, New Mexico Center for Energy Policy )

Da
- 1642 days ago - daily-times.com
It's time for the region to get serious about diversifying its economy. Yes, we have had good news about multi-million dollar investments made by a few companies that are using hydraulic fracturing and horizontal drilling to extract oil from the Manco



   

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Comments

Roger G (148)
Monday November 24, 2014, 1:10 pm
noted, thanks
 

Mitchell D (82)
Monday November 24, 2014, 7:08 pm
No shit, Sherlock!
How about the new Hydrogen Cell technology, discussed in the NY Times, recently. It is present in California, now.
 

Ruth R (246)
Wednesday November 26, 2014, 8:54 pm
From the article:
"It is unlikely this will cause any great outcry from the American public as the most visible indicator of the plan's success is a drop in gasoline prices.

As the Saudis open the spigot flooding world markets and depressing oil prices to a level that retards investment it is the marginal U.S. operations that will be the first to suffer.

And Fine points out that the San Juan Basin has significant problems.

"The timing of the Saudi action has hit the Southwest U.S. unconventional oil producers when they are already vulnerable to a massive infrastructure bottleneck," Fine writes. "Producers have confronted a discount price of as much as $15 per barrel because there is not sufficient pipeline take-away capacity from the Permian and San Juan basins to refineries on the Gulf of Mexico coast or anywhere. This is the result of unanticipated high oil production without investment in transport to get it to markets or process it here in New Mexico."
 

Ruth R (246)
Wednesday November 26, 2014, 8:57 pm
From the article:
"An analysis by Daniel Fine, associate director of New Mexico Tech's New Mexico Energy Policy Center, (available on The Daily Times' website) contains some very bad news for our region. Saudi Arabia is working to scuttle the U.S. shale-oil boom by creating a "world oversupply of crude oil," he writes.

That oversupply also takes pressure off officials who might consider lifting the U.S. ban on crude oil, Fine points out. Ultimately, although the price of a barrel of oil is lower, Saudi Arabia protects its market share, he says."
 
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