Ask Peter: Can Other Countries Replicate the US Shale Revolution?

[@justanamerican9024]

A foot note about private oil&gas rights: After 1859, when Drake showed oil could be drilled for, the federal government of the USA kept the oil&gas rights to lands it owned and any conveying of land after that was without oil&gas rights unless paid for, which rarely happened. So, if you are buying land out West, check and see if it comes with the oil&gas rights first, or you could end up with a drilling rig on your land with little to no ability to stop it. A title search, if done properly, should pick that up, but be SURE it is not the standard 40 year search, but at least a 175 year search.

[@serafinacosta7118]

After “ so, if you are buying land out west …” could go after hitting the tag a couple times. Interesting well written posting but it was too lumpy.

[@wyominghome4857]

I was just thinking about this when he said that landowners owned the mineral rights. When we bought our 2 acres on the river here in Wyoming we had to do a mineral rights search to way back for just the reasons you mention.

[@justanamerican9024]

@@serafinacosta7118 Ms. Secrest, my 10th grade English teacher, is that you? LOL

[@othgmark1]

Even in the area around St Louis Missouri l grew up in as a child l remember my father mentioning we dId not own the mineral rights under our house. I would assume people checked into this after watching the Beverly Hillbillies. He told me as a child only the family property in Tennessee would help us out if oil was struck.

[@michaelcerean1990]

Argentina, geographically speaking, is a Ferrari……….. but the driver is a 90 year-old half blind grandmother.

[@jorgerheredia]

Go ArgenFrikingTina ... our new president is a libertarian (for real), so maybe, just maybe, we removed granny from the wheel, maybe, we will see.

[@jtjones4081]

Peter isn’t too bright. He’s still regurgitating the lie that the US produces 20 mmbpd of crude. Geeez! That’s soo easily disproven. How can anyone take this guy seriously?

[@fesouzasan]

@@jorgerheredia You removed the Grandma and put a drunk teenager in place...

[@Anninthevan]

As someone who's been a passenger of more than a few drunk teenagers, sounds good to me

[@fesouzasan]

@@Anninthevan For you, not for the car...

[@donschiffer7400]

My father was an engineer in the energy sector. He has said that the problem isn’t that the world will ‘run out’ of oil. It’s that the oil will be deeper and more difficult to extract as time goes on.

[@nicholassmith7984]

Years ago when I was in University, this concept was described as 'Peak Oil.' We were getting toward the end of the easy stuff, and getting the rest would be more difficult.

[@zxcvbnm9541]

It's called eroi (energy received on invested). Solar already has much greater eroi than oil. For gas it's more competitive. Oil still is a thing only because of market manipulation with taxes and subsidies.

[@carmenmccauley585]

Exactly ​@@zxcvbnm9541

[@dark_fire_ice]

Not quite, there is a limit as oil comes from a very specific layer, too shallow and you get coal, too deep and you get gas (obviously a massive generalization). Basin modeling will limit the amount of oil that can be discovered. But maybe we will be able to develop cost effective ways to synthesize crude

[@autobootpiloot]

Eventually we will actually run out of oil. We consume more than nature creates at the moment. But that’s tomorrow’s problem. So is the climate. But the stuff is dirty when used and that is today’s real problem. Go to Asian cities and you will appreciate organisations like the EPA.

[@Asdf-wf6en]

You should make a video on how Millie is doing in Argentina

[@NorthernVirginiaTaxProfessor]

Especially if Peter could address how Shale could be a solution to their economic recovery, or hinder it.

[@MakerInMotion]

He's getting heat for not yet fixing decades of corruption and bad policy in 4 months.

[@DieFlabbergast]

That's "Argen-fricken-tina"!

[@pseudoscientist8010]

Argentina has had socialism for 50-70 yrs, it will take more than six mths to fix.

[@valdomero738]

He's collapsing the country provi G libertarians should be proscribed

[@justmejustme4444]

Holy moly, Peter said something positive about the UK!!

[@ryankline1164]

I don't take him as particularly against the UK. Am I missing something?

[@Hession0Drasha]

It's that most educated people, don't say many positive things these days

[@sgt.grinch3299]

Can’t spell CUCK without UK!

[@carterd8266]

Don't get excited! He didn't include us in the top 3 potential countries.

[@bsmithhammer]

From now on, I have no choice but to refer to it as, "Argen-frickin'-tina." 😂

[@johningham1880]

An example of both a minced oath and an infix expletive

[@rileyhorton2793]

There are some Canadians that own mineral rights to their land. I, unfortunately, am not one of them.

[@MarcKSmith]

Last I knew, the mineral rights in Argentina were owned by the gov't. Of course, that was in 1980 and that was a few governments (and constitutions?) ago.

[@souravjaiswal-jr4bj]

Estonia has be using oil shale for decades not as a source of crude rather like coal as a feed stock to thermal power plants.

[@mumbairay]

Ontario around Toronto and Ottawa is full of oil/ gas shale

[@salted6422]

@@mumbairay The Estonian expeditionary forces have been notified. Thank you for your co-operation.

[@Dave5843-d9m]

Estonia also wants to buy the Moltex waste burning nuclear reactor. Hopefully they’ll not lose interest before the interminable homologation process completes. In short, Estonia does what if can regards energy.

[@MarcosElMalo2]

What carbon capture do they use, if any?

[@tanelsaimre]

​@@Dave5843-d9m There was some talk about a Moltex reactor many years ago. But now they have opted for BWRX300 from GE Hitatchi, a more "conventional" SMR. The plan is to get it running by 2032.

[@jjthefish446]

Does anyone else want someone dressed as Bigfoot to randomly show up in the background every now and then?

[@Zeiram001]

Absolutely

[@tristan7216]

Yaaas

[@melburn4596]

For real that would be awesome

[@grapeape780]

A guy did that when I was a kid where I live, I remember hearing he was drawn on.

[@ScottyShaw]

That would match Peter’s hats 🤣🤣🤣

[@flyboy98]

America has a unique culture...the 'get it done' mentality. I work in the industry and have lived and worked in numerous countries overseas as an expat, and therefore has experienced various work cultures. What I can tell you the success of the Permian and North American unconventionals is largely due to our free-thinking industrial culture. I am sure other countries can replicate it but it will be a steep curve to climb as they have both the NIMBY culture and their own governments to overcome.

[@andrewblain3405]

Nimby culture in Europe because the population density is much higher.

[@pseudoscientist8010]

The shale revolution was borrowed or stolen from Alberta Canada.

[@msimon6808]

@@andrewblain3405 And no private mineral rights.

[@ElbowShouldersen]

Yeah, Peter's point that the private ownership of mineral rights in the US largely negates NIMBYism was my main take-away from this excellent video...

[@zibbitybibbitybop]

Private ownership of the subsurface in the US is the most important difference. When the government automatically owns all mining and drilling rights like in Europe, nothing gets done.

[@jaanusmuur4620]

I know that in this channel (super)small states are not that much of a priority but oil shale has for a long time been the main energy source in Estonia. The local companies here have used it to produce electricity (and yes, it is dirty), oil and fine chemicals.

[@ernesthale2471]

Thanks!

[@octavigoose]

The talk about argentina makes me very interested to hear what Peter has to say at this time about the situation in that country and his reflections on Milei's work so far.

[@brianbrino4310]

Excellent information Peter and your articles and information are very helpful clear and simply provide excellent information! Thank you so much!

[@kenwalker687]

When I was very young , my grandmother, who was a rock hound, gave me a piece of oil shale rock IIt was explained to me . I could not comprehend how anyone could get oil out of this black shale chip. I still don't but it must be very expensive.

[@pseudoscientist8010]

I'm pretty sure the oil flows between the shale rock.

[@paulcleveland6903]

​@@pseudoscientist8010No. It's IN that rock. That rock has some porosity, but terrible permeability. Fracking frees the trapped hydrocarbons.

[@duckpotat9818]

@@pseudoscientist8010it does but the same way asphalt, pitch and magma flow. At timescales imperceptible to humans

[@duckpotat9818]

@@paulcleveland6903it does flow but at rates imperceptible to us

[@garyshan7239]

You wont out of a chunk of it as you need to be able to fracture the rock minutely then flush the oil out with the fracking fluid. With lateral drilling one well site has numerous wells and will have miles of lateral drilling bores at multiple levels. Tech and technique has evolved to use less chemical and water. The sand uses isnt special so can be found everywhere. It does tale a lot of capital because you drill more well bores and miles of drilling. But the per barrel cost of the oil recovered is lower than the cost of oil at the wellhead in the Middle East. As a bonus the large amount of natl gas found in the shale is sellable.

[@corneliuswowbagger]

Peter missed the eastern Devonian, as in Marcellus and the Ordovician as in the Utica. The Alberta tar sands are a conventional reservoir as he discussed, but it has been beheaded by erosion what is being mined is residual heavy hydrocarbons. The lighter fractions have all evaporated!

[@frequentlycynical642]

A note: In the US, the landowner very rarely owns the mineral rights. Those typically got separated long, long ago. Many mineral rights do not have the right of surface access. Before directional drilling this was a show stopper. Now, less so.

[@markcalhoun8219]

yeah a lot of the payments to land owners are limited to the use of surface access on their property and almost none of it is mineral rights payments.

[@Indrid__Cold]

Thanks for a graduate level course on shale-oil production. Your ability to produce highly consumable content rivals the US ability to produce shale oil. My compliments.

[@TheMrTEA-dc2eb]

I agree. Peter's delivery of information is incredibly comprehensive.

[@jakeaurod]

If that's a graduate level course then you should be able to get your doctorate in mere hours. This video was about as advanced as the petroleum presentation at Epcot Center in the 1980s.

[@TheMrTEA-dc2eb]

@jakeaurod Haha, I completely agree. Certainly, it is no five thousand level class to be sure, and not enough information for defense of a Master's thesis. But, for the layman, he is very comprehensive.

[@MarkRose1337]

He doesn't know much about oil sands production, either. Cost is under US$50/barrel, all in. While some is still mined and washed, most production used steam assisted gravity drainage (SAGD) to steam out the oil and pump it out from the bottom of the formation. Most of the water is recycled. The oil sands CO2 emissions are from burning natural gas to make steam, but is larged burned through natural gas turbine generators to power a large portion of Alberta's electricity grid. Canada also has plenty of gas and tight oil in shale. Look up the Montney Formation and Duvernay Formation. Together they hold around 1000 trillion cubic feet of natural gas, 25 billion barrels of natural gas liquids, and over 60 billion barrels of oil.

[@Indrid__Cold]

Boys and girls please, I was using a bit of hyperbole. Maybe I should have said it’s a syllabus for a graduate level course. We’re all amateurs here for the most part, trying to get a better view of geopolitics.

[@robertpluim430]

Alberta has freehold mineral rights too, and they are separable from the surface rights so producers need to pay for each right. Most of the mineral rights are held by the Province but the freehold areas have a lot of oil and gas under them.

[@stevebainbridge310]

Peter has really sensitized me to what a fortunate situation we have in the US. Great climate and soil for agriculture. Inexpensive transport via our river and costal situation. Abundant oil and gas. An economic and intellectual environment that allows for innovation and rewards for hard, smart work!

[@PolishBehemoth]

Exactly! And we literally have college students and black supremacist black americans, and overly ignorant white intellectuals telling people USA is literally one of the worst places on earth to live in! Its laughable!😂

[@ursodermatt8809]

mate, you are wrong. only if you believe what zeihan says continuously are you becoming "sensitized" like that. lots of countries are better.

[@joannevanness3045]

Which are some of the countries that are better?

[@HermanFickewirth]

Hey Peter!...Howabout sponsoring SUNGLASSES as part of your Videos. Your great at it!

[@ROBOROBOROBOROBO]

Argentina now also has a liberterian president, so private sector might even play a bigger role here.

[@didferrari]

Peter, In Argentina, oil belongs to the provincial governments. Since this year the country became an energy exporter (after 10 years) I hope your predictions come true! Greetings from Buenos Aires!

[@davidgarb1561]

For geological formations to contain oil, they must be porous. The word you were looking for is permeable. A styrofoam cup is porous, but not permeable.

[@copyRtest1]

How is it porous? If it was porous couldn't water flow through the gaps?

[@davidgarb1561]

@@copyRtest1 no, water would only flow through it if it were permeable.

[@copyRtest1]

@@davidgarb1561 What is both impermeable and porous?

[@leviathan1788]

@@copyRtest1Styrofoam. If you break up a piece of that foam you'll note it has many air bubbles in it. This is porosity. However, these air bubbles are not linked. Because the 'empty' spaces in the material are not linked, liquids / gases can't flow through them. This ability to flow is permeability. I hope this makes it clearer for you.

[@sajidmohammed9510]

​@@copyRtest1 Shale has very less permeability but very high porosity

[@darvindillon8525]

I just read this chapter in The Accidental Superpower. In order for the shale industry to work at scale even with desirable geology, you need a ton of capital, enough skilled labor, and existing abundant oil transport infrastructure.

[@doujinflip]

PZ has been reporting from similar snowy spots in Colorado for a while now. Guess he really did get lost in the woods this time?

[@zeanamush]

That's where he lives.

[@markyoung1622]

or he might be standing outside his house

[@TheIntJuggler]

@@zeanamushPretty sure it’s a joke.

[@Roonasaur]

He finds all the lost hotspots.

[@rexringtail471]

The Eagle Ford in Mexico is super deep also, even by time you get to south texas, Del Rio area it's mostly already in the gas window and not the oil window.

[@Jluck78]

Hey Peter, Can you explain the Canadian oil system? 1. Why does 50% of Canada (everything east of Thunderbay) import their oil from OPEC? 2. Why doesn’t Canada sell their oil in eastern Canada? 3. Is Canadian oil good for gasoline and diesel? Or is it better used for plastics? 4. Will Canada ever achieve a pipeline to deliver to the US market? 5. Will Canada ever be able to export the oil starved markets (China). 6. How much does politics play into Canada oil production? I know this is a lot to ask but I would very much appreciate your thoughts. Thanks

[@Oilfieldscout]

Look at TransMountaian Express Pipeline (TMX) that will move Canadian heavy to BC. This will then go to US west coast refineries in Washington and California, but the bulk will be headed to China and east Asia. The problem with moving oil east is all that land between the producing provinces and where the oil can be refined. Another is the setup of the refineries and upgrades needed to refine large amounts of this heavy crude. The existing refineries are not set up for that. TMX has changed the landscape on a new large diameter pipeline into the US market. Canadian producers were looking for an outlet for their oil. They did not care where it went just so it had a place to go. TMX has almost 900,000 BPD capacity. While a lot of that could have gone to US refineries, most would have been exported from the Gulf. That 900MBPD will still be in the market, just on the other side. That will lower transportation cost as the crude does not have to go to Panama then west from the canal to east Asia. As for the quality of the Canadian oil is makes good gasoline and diesel. If the refinery is set up to run it.

[@mmcguire5687]

There are no issues with Canadian oil and the quantity of it. The problem is the CDN Liberal government that DOES NOT want the energy sector to thrive as it goes against WEF mandates, nor does the Liberal government want a province like Alberta to have the wealth and therefore the autonomy that comes with that. The Federal Liberals have literally paid companies off to leave the product IN the ground.

[@hamzamahmood9565]

1 answer to all of your questions: Green movement. There's never been a movement more damaging for the world than one that purposefully made energy expensive....with the possible exception of the "overpopulation" hysteria

[@Jluck78]

@@hamzamahmood9565the east half of Canada has been importing oil from OPEC well before the “Green Movement” was established in Canada.

[@Jluck78]

@@mmcguire5687why would any government turn down revenue opportunities? If this is true there must be an offsetting financial incentive to follow these WEF mandates?

[@tomhite3510]

"The FRACKERS" is a good entertaining book on this subject.

[@TheGreatness-gg1jx]

Providence's favor and the Founders excellence and foresight shines through again and again and again.

[@AliceinWonderlandzz]

Well at least we don't have to worry about the Malthusian end of civilization by running out of oil. We have more than enough until a new energy source is cheaper and more abundant - come on Mr. Fusion!

[@Squirrelnut77]

The first fusion plant has to be shaped like Mr Fusion!

[@stever5359]

We’re just about at the turning point. It’s called wind and solar.

[@stevenbrady440]

Grid scale solar is already the cheapest power ever invented. Other than wind. Even with battery back up. Under two cents per kilowatt hour without battery back up has been happening. And it will work anywhere pretty much. And because it's a technology, like the computer chips upon which this technology is based, it will get slightly cheaper and better every month. Cost curves are like gravity.

[@guydreamr]

And Mr. Battery as well.

[@Robert-fx3ng]

@@stevenbrady440where are people getting this information? As someone who has built energy generation (including solar) the math disagrees. Hence, large scale industrial solar isn’t built. Instead residential solar is built and only with enough government subsidies.

[@guiwhiz]

Argentina's biggest bottleneck in exploiting their shale deposits is the state of the economy in the country. The inflation rate is well above %200 and that makes getting materials, goods, and services to implement a play hard to fund/finance.

[@wimmeraparanormal6581]

The Ackeringa Basin in South Australia (Near Coober Pedy Opal Field) has a massive Tight Oil reserve, possibly as big as 200 Billion barrels. Gonna need a Govt change to allow Fracking though... 😞

[@gagamba9198]

Well, the country's voters made a wise choice by rejecting the 'Voice' referendum. But the state decided to go forward with its own local version. Seems fracking is dead there.

[@wimmeraparanormal6581]

@@gagamba9198 the SA state version was also a failure. Even the indigenous population didn't turn out to vote! There has been a couple studies done to evaluate the potential for oil fracking there which looked positive but the political will is as far left as it can get....

[@leviathan1788]

@@wimmeraparanormal6581 SA isn't the only shale deposit in Australia. But I think Peter is right to rule us out because even a change of Government wouldn't allow for oil to be developed, the entire public service has been captured by Marxists and that's where this anti-hydrocarbon sentiment begins - they oppose cheap energy.

[@gagamba9198]

@@wimmeraparanormal6581 Strange. The other day I read SA has elected its first Voice to Parliament members. The election was held 16 March. A total of 12 members, two of which have the power to speak directly to Parliament.

[@wimmeraparanormal6581]

@@gagamba9198 Just proves that when the political will determines that something MUST be done, it gets done....without democracy or the pesky voters getting in the way. Push it through, no matter if we said no....

[@benovadia1]

Would love to read more about shale in the Negev if anyone has it.

[@Mottleydude1]

What Peter didn’t mention was the quality of the oil coming from various shale deposits. For example the tar sands oil coming from Canada produces bitumen which is a very low grade of oil. It’s difficult to work with. It’s denser than water which means a spill into water is exceptionally difficult to clean up and it’s essentially good for fuel oil. It has a lot of contaminants so it’s limited to what petroleum derived products can be made and it’s extremely dirty, causes massive pollution and is expensive to extract. All of which makes man shale deposit oils to expensive and to low a quality and environmentally damaging to extract and process. So it’s not all sunshine and roses with shale oil.

[@yodorob]

It's interesting that Argentina ranks alongside Canada and Mexico in terms of paralleling the United States in terms of shale potential and exploitation, because Argentina - in many ways - really is like a miniature United States in terms of being in the temperate zones in the Americas, agriculturally rich, and a prime immigration destination back in the early 20th century. And Vaca Muerta isn't exactly near Buenos Aires, being 1000 km (650 miles) away, but it isn't impossibly distant either.

[@lovingpeace9715]

I would love to see Peter Zeihan and Noam Chomsky have a conversation 😊

[@destrygriffith3972]

Thank you! I feel like I'm the only person on the planet who sees the similarity of these two most of the time. Peter is basically my new Chomsky, balancing out my perspective from "America bad" to "It's complicated, and in some ways that's total bullshit!"

[@eddymoretti3742]

Fascinating: the combination of factors that describes the success of us shale includes the private ownership laws and the combination of small operator know how and access to capital. Wild.

[@Oilfieldscout]

Some of the laterals run 15,000 feet. That is almost three miles. Making sure mineral owners are paid for the oil taken from their part of that lateral can be mind boggling. I know a lateral in Martin County Texas east of Midland that has 11 landowners on a 14,000-foot lateral.

[@lindamckibben2828]

Sale royalties are lost to the originating mineral owners from individuals to cities when oil files for bankruptcy, which is almost always.

[@tristan7216]

The US has a combination of innovative business culture, a solid legal framework to support it, and government subsidies for key research (including the early shale oil tech development). This plus geology got us that delicious oily oil and gas, and fission, solar panels, and hopefully eventually fusion, though that capital intensive research program is happening all over the world.

[@kennethweaver8029]

I hope the world is keeping an eye on Argentina. I believe there may be murky political ties from the past. With your information we now know that they have some Financial potential that may have not been considered.

[@susanadams-wauro6716]

Correction Pete: here in Canada, we own our mineral rights under our land...the U.S is NOT the only Country that has those abilities for landowners. Cheers from Ontario Canada 🇨🇦

[@BigDds300]

Only a very, small minority and First Nations own mineral rights. The Crown owns the vast majority (probably 80%+).

[@susanadams-wauro6716]

@@BigDds300 guess we're in the minority then

[@NigelDeForrest-Pearce-cv6ek]

Shale in the Northern Negev Caught My Attention!!!!

[@TheBombayMasterTony]

Cool topic.

[@leenickshramko1100]

Wish you’d talked about the shale underneath NY.

[@geoffmarr7526]

Pretty much the entire centre of Australia, the central south, was once a shallow inland sea.

[@emceeboogieboots1608]

True. I remember the stories of "Drill and cap" because, as it seems there was oil, but not conventional. But there is no water there for fracking. There is no water because there are no clouds, but a fktonne of sunshine. Now we need to economically export solar, or generate it to value add where it is Or keep digging holes I guess...

[@KRYPTOS_K5]

Hi Zeihan. Excellent as usual (or almost LoL)...😊 Brasil

[@mikewolf-x6t]

Sorry but i worked shale production in permian basin in Texas. 20 years ago the cost was around $95 per barrel. Now its between $45-$60. I have heard of some sites producing it for as low as $30 a barrel. $120 projections were in the late 1990s, not today and not anymore

[@azerko]

I thought he was talking about sand oil in Alberta

[@FuImaDragon]

yeah, he was saying that is why that field wouldn't compete. He was referencing the oil under Israel and said it would cost about $120 a barrel to make, so they are not going to do it as it would be a waste of money.

[@hamzamahmood9565]

Is this taking into account inflation? Cuz $95 back then is like $150-200 today

[@kenergixllc527]

@@FuImaDragon same as the shale oil in Colorado Rockies. It was $84 per barrel to produce and a refinery was built near Rifle, CO to refine it, 20,000 BPD. The shale rock contains kerogen, a geologic precursor to oil or gas. It has to be mined like coal, pulverized and retorted to extract the equivalent to a naphthenic 40 API gravity crude oil. The refinery was dismantled and shipped to Houston, TX in 2011, all but the retort. The DOE subsidized that operation. Shell Development Company (Shell's R&D entity) developed a method to extract the kerogen without rock mining, so in place. This didn't require all the water that retorting did. Shell's lead scientist, Harold Vinegar, moved to Israel to work with a new company to develop it there. The former mayor of Midland TX and the Rothschilds formed the new company, The Rothschilds still own a lot of land in Israel which was purchased during the Ottoman Empire's rule. They were able to get the concession from the government. The formation is also in Jordan.

[@Digital_District]

​@@hamzamahmood9565 you would have to ajust the inflation both ways also. So if 95$/barrel back then would be 200$ worth today and that today the barrel is 65$ . It would be 30$/barrel back then . That's how cheap oil is today . 😅

[@JohnShurr]

When you first spoke of Argentina, you said Argen - fricken - tina. That made me laugh.

[@atlantic3695]

You shouldn't laugh 🤨

[@jeffreyatkinson663]

It was Chesapeake Energy in WV who pioneered fracking

[@joshthalheimer]

Hey? What are those shades? Yeah, of course I love the geopolitics too.

[@hjancaitis]

I seem to remember from some documentary about a tunnel being built in Kuala Lumpur that property ownership extends from the ground “to the center of the earth.” Would be curious to know whether that’s actually true.

[@marcgirard7551]

Great review but for the claims around production costs for oil sands. There are several companies in the oil sands producing oil with much lower than $120 per barrel costs.

[@datboi449]

my wife used to test well and pipeline samples pemex wanted to market here. Always had a ton of water in it and they would complain that the test was wrong and would not shut up until pictures were sent of the sample they provided.

[@EvenStarMN]

Nice glass😊

[@Gadfly2025]

They simply need to drill in other known oil bearing areas like Atlantic shelf . This would also economically Boom East coast USA

[@revelationsix]

Well, that's good news. Wasn't expecting that.

[@thomassenbart]

My understanding is that beneath the Colorado Basin lay somewhere between 1-3 trillion barrels of shale oil

[@wussrestbrook1200]

God bless the nuggets

[@James-xu3vc]

Don't cry for me, Argentina ❤❤

[@JimWebster-p2h]

In the UK the mineral rights are owned separately to the land (indeed in England you don't really own land you own rights to it) so the mineral rights to our land are owned by the Buccleuch Estate. The Estate does exercise its mineral rights and if a deal was offered they'd almost certainly look at shale.

[@carltuckerson7718]

Don’t forget low perm sands and unconventional horizontal plays that are not shale. Me and my buddies have done well. Just turned on a shale/low perm conventional Cherokee Shale well and sold the asset to Benchmark.

[@retiredoba2836]

PZ, Please update us on how the Geothermal is coming along as an energy source… Drilling innovations have made access to SHR (super hot rock) much more viable. I think you had featured a “Start up” that came on line not long ago. Best

[@colinkeizer7353]

Then there's the other kind of proximity. Citizens of urban regions tend to disapprove fracking beneath their feet, homes, beds, etc. Good luck clearing a permit if the deposit is largely UNDER a major city, or several minor ones.

[@NullStaticVoid]

You mean the water table destroying practice of hydraulic fracturing.

[@JasonAWilliams-IS]

+1 for Argin-frickin-tina

[@MrJzplastic]

Yes!!!!

[@planetcrypto8662]

Let's get together sometime for a hike! I live in Parker.

[@alexanderpopov9801]

Yay🎉

[@NichoTBE]

Its crazy in the UK where whatever land you own, you don't own whats underneath it.

[@alexander15551]

“Argen-fricken-tina”. 😂 I hope Peter will one day see Argentina become a prosperous nation

[@vinniechan]

I actually what to know how shale the UK has and how feasible it is to have it in tjr UK I have heard so many confliciting report coming out ans cant find much from the british geological survey

[@danielbrett247]

Correction Peter: in oil bearing shale the rock is porous but not permeable. No porosity (volume for fluid to exist in the rock), no oil. No permeability, no means for fluids to flow (even if there are pores for fluids to exist in). Fracking creates permeability, not porosity generally speaking.

[@scrout]

Is there shale in Alaska? Where Bido pulled the oil leases?

[@nickbaughan1803]

You should answer the real pressing questions we're all wondering. How many miles do you hike a week? What is your VO2 Max from all that hiking?

[@jesan733]

Regarding the dirtiness of oil shale/oil sands, I think it could be reduced with nuclear power to generate steam/heat to help with extraction and also refining. If one so wishes, nuclear can be semi-portable and generate steam with low costs and no emissions (you don't need a turbine).

[@Simple_But_Expensive]

@jesan733 Nuclear comes with too many regulations and restrictions. Since they have stranded gas anyway, and they need electricity anyway, they generally use small to midsized gas turbine generator sets, such as those built by Solar Turbines in San Diego. The genset’s exhaust is high temperature and volume enough to put a waste heat steam generator on the back, and recover that heat as steam. The other alternative, where electricity is not needed, is a plain old steam generator. These two technologies have been used since the 1950’s. In the case of steam generators, they cost about $100k, can be installed in a week, can be operated by high school dropouts, and can be moved when no longer needed. The gas turbine gensets cost around $1 million, require about 6 months to install, and require a high school diploma level of education, and can be moved. A nuclear plant would cost billions, take years to build, and require college trained engineers, and are permanent installations. Nuclear would be an answer for some energy requirements, except for politics and the opposition of the uneducated. The waste problem has solutions that don’t involve burying it for millennia, just look at France’s nuclear industry. The problem is, as always, a lack of education and politicians. But nuclear is only good for large permanent installations near large loads like cities.

[@jesan733]

@@Simple_But_Expensive I didn't know there's stranded natgas where Canada is extracting oil shale/sands. If so I guess that's cheaper. But the micro reactors I'm thinking of are truck-deliverable, sealed, autonomous, ~25 years of fuel life. Look up e.g. "Mitsubishi Heavy aims to build 'reactor-on-a-truck' by 2030s".

[@kweiss334]

Clarification: oil bearing shale is highly porous, it isn’t permeable. So you make the fracs to increase permeability so the oil can flow out of those pore spaces to the well

[@MC_aigorithm]

dude if Argentina could really get its shit together, it's a WRAP

[@ChrisWatson762]

If we have so much oil domestically, why the hell are our fuel prices so damned high?

[@ursodermatt8809]

because they are meshed with the world oil price? works for the rest of the world like that.

[@BasePuma4007]

The oil produced in the US still isn't enough to meet the mammoth demands of the economy at efficient prices, hence why the US still imports so much from Canada and to a lesser degree Saudi Aradia.

[@Longevitylifequest]

"Argen-f#@kin'-tina" 🤣

[@PD-sz1je]

Lol! I was just thinking someone should tell him to watch out for freaking bears coming up behind him

[@joeycerelli]

Geologist here: There are next to no Triassic aged source rocks in the United States. Almost all of the oil and gas in this country is sourced from Permian and older, Jurassic, Cretaceous, and Tertiary strata. The Mexican side of the Eagle Ford most likely has a very narrow band of productivity. I've drilled wells up to the border and productivity drops off as you get closer to the border.

[@ursodermatt8809]

damn, i am sure the mexicans resent that border.

[@BasePuma4007]

​@@ursodermatt8809Considering the US invaded Mexico and took all that land in the 19th century 😅

[@sebastienwatling349]

So zeihan is accurate in general but not in specific in the UK. Property owners do benefit from Accessing oil/coal/shale etc under their land. You do also however need permission. The REAL problem is that digging for shale can disrupt other people's property. The UK is tiny. Extracting shale can cause tremors and affect water. This caused immense political pressure to put a pause on all permissions (which wasn't much of an issue beforehand) The thing about this is, because it's a political issue, it had a lot of political movement since 2022 with the oil prices.

[@VitalityMassage]

It's all dirty and toxic.

[@grapeape780]

The COL. Fletcher Prouty interview is all you need to hear on fossil fuel supply. 2nd most common Fluid on EARTH!

[@MarcosElMalo2]

Daniel Plainview: I drink your boba tea.

[@delphy2478]

i'd never looked into it, so i was surprised to hear that other countries don't let land owners have the rights to anything underneath the surface of the land, thats ridiculous

[@billisaacs702]

This is an area where you shine, Peter. Question: would the discovery of the presence of oil shale and its implications for Israel becoming a (small) player in the oil game have had anything to do with the troubles we are currently seeing there? Nice shades, by the way.

[@karl-ji4ng]

does the huge field in China's North China Plain have the right type of oil-bearing-shale ?

[@stephensipe5405]

About 2/3RDs of Australia was an inland sea. An area around Libya’s Quatera Depression was also an inland sea. Do these areas have oil shale too?

[@jamesandnicolefinnigan9004]

Yes there is shale oil in central aus as well as areas along the cost of VIC and SA . And you see lots of triangular yellow signs saying 'lock the gate' in these areas .

[@jim-es8qk]

The UK has huge shale reserves. Good luck trying to get it out the ground!! Everyone just goes crazy if you even mention it.

[@danhendricks1616]

Many are trust fund baby brats.

[@vidverda1]

Question? You mentioned Argentina shale. That made me think about Argentina’s recent application to NATO which may be a decade in the making? What are the pro’s and cons if it succeeds as we can see from this point in time? If so, any other southern hemisphere countries influenced by this?

[@Simple_But_Expensive]

@viverda1 NATO is the North Atlantic Treaty Organization. Argentina is about as far from the North Atlantic as you can get and not be Australia. There are plenty of other self defense organizations that it would make a lot more sense for Argentina to join.

[@mermadone6465]

"Argen-freakin-tina..." 😂

[@jaybird2148]

I think the term 'Energy Independence' is nonsensical when you are talking about an energy commodity that Russians, Saudis, and speculators still have influence over in global markets. While I'm a realist, and I'm perfectly aware we won't be moving away from oil any time in the near future, modern civilization needs to keep on a path as far as eventually moving off it.

[@LegionKilo]

For those that don’t have the mineral rights here in the U.S. the land owners still get damages and lease rights to the land. So they aren’t sitting on nothing.

[@Hession0Drasha]

Is the mediterranean not old enough to form the shale deposits? Or is it not shallow enough yet?

[@nosuchthingasshould4175]

You don’t get shale! You are not America! America gets shale, you are doomed! Remember- doomed!😂

[@snakesandsticks]

How about we transition away from oil- especially if it’s difficult and expensive and destructive to extract?

[@winnie796]

Thank you

[@protorhinocerator142]

Think dinosaurs. Yeah, yeah, always. Please continue.

[@wilmaroles4375]

How about a video about the damage done to the environment fracking and shale production has. We are depleting our water supply for oil at a time when we are limiting water to farmers. If we can’t get food what is the use of having oil.

[@stivenstivens]

Could you please add some pictures while you explaining stuff please ?