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GasBuddy News Article

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New technology propels 'old energy' boom

AP -- Technology created an energy revolution over the past decade — just not the one we expected. -- By now, cars were supposed to be running on fuel made from plant waste or algae — or powered by hydrogen or cheap batteries that burned nothing at all. Electricity would be generated with solar panels and wind turbines. When the sun didn't shine or the wind didn't blow, power would flow out of batteries the size of tractor-trailers.

Fossil fuels? They were going to be expensive and scarce, relics of an earlier, dirtier age.

But in the race to conquer energy technology, Old Energy is winning.

Oil companies big and small have used technology to find a bounty of oil and natural gas so large that worries about running out have melted away. New imaging technologies let drillers find oil and gas trapped miles underground and undersea. Oil rigs "walk" from one drill site to the next. And engin


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Submitted May 05, 2013 By: kx250
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REPLIES (newest first) Post a Reply
mcmonsta
Champion Author Honolulu

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Message Posted: May 6, 2013 2:28:15 AM

and you wonder why?
iFueler
Champion Author Durham

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Message Posted: May 6, 2013 12:23:29 AM


     new technology often revitalizes
ExplorerWA
Champion Author Washington

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Message Posted: May 5, 2013 10:00:00 PM

It's going to take a long time for green energy to replace fossil fuels.
scubadaniel
Champion Author Dayton

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Message Posted: May 5, 2013 1:48:29 PM

where's my flux capacitor?
OHIO50
Champion Author Denver

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Message Posted: May 5, 2013 11:02:40 AM

Really.
Fleabite44
Champion Author Maryland

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Message Posted: May 5, 2013 10:56:34 AM

If you want alternatives, they have to be made less expensive.
tomok
Champion Author Portland

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Message Posted: May 5, 2013 10:49:49 AM

New technology propels 'old energy' boom. BioFuels and Renewable Energy was to replace the declining fossil fuels. Then Big Oil found and developed the oil and natural gas deposits and everything changed. Now is the time to squeeze that rock for its worth and produce more hydrocarbons.
Big Oil sells fuel on the world market for higher prices. The US ‘oil resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon ----- *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
*If 'they' can export all that fuel, there are enough refineries already, there is no need for more!
Take care of the domestic fuel market first and above all else before exporting and selling fuel to other countries!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
300kmiles
Champion Author Orange County

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Message Posted: May 5, 2013 10:34:34 AM

Yep
windup
Veteran Author Austin

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Message Posted: May 5, 2013 9:55:45 AM

I smell a rat.
Ray_10589
Champion Author New York

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Message Posted: May 5, 2013 9:22:05 AM

Wait and see ...
Tiernan
Champion Author Chicago

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Message Posted: May 5, 2013 9:06:25 AM

Yes, this administration and the people who pay for it dont want any of this old energy, and are prepard to do whatever necessary (like bankrupting the country) to make it happen.
nb52
Champion Author Grand Rapids

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Message Posted: May 5, 2013 8:51:34 AM

Good information. But this administration still spend BILLIONS on "green" energy companies which continue to declare bankruptcy and walk away with OUR cash.
bowler360
Champion Author Illinois

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Message Posted: May 5, 2013 8:50:54 AM

Boom!
Trowinsamoan
Champion Author Los Angeles

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Message Posted: May 5, 2013 8:50:22 AM

If it ain't broke don't fix it
rrs517
Champion Author Colorado

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Message Posted: May 5, 2013 8:48:15 AM

Gee, isn't it interesting how the laws of physics and economics continue to work even when the enviro-whackos pour billions of dollars into unfeasible "feel-good" technologies?
VetteFan
Champion Author Indiana

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Message Posted: May 5, 2013 8:48:08 AM

Techology is great, but we haven't managed to make oil yet and getting it cheap is running out. Wells that go miles into the earth are expensive. After what the spill cost BP ocean wells are more expensive. To match the expense of getting it will be the expense of the refineries buying it. $100 a barrel oil can't be far away.
200porter
Champion Author Toronto

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Message Posted: May 5, 2013 8:47:59 AM

ok
curlypooh
Champion Author New Jersey

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Message Posted: May 5, 2013 8:47:53 AM

Mix the old and the new, good idea
pmc3
Champion Author Missouri

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Message Posted: May 5, 2013 8:47:30 AM

If they are doing so well, then STOP THE SUBSIDIES!!!!!!!!!!!
w4kh
Champion Author Tennessee

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Message Posted: May 5, 2013 8:47:15 AM

The rush to capture more and more of the oil trapped in rock formations thousands of feet beneath Earth's surface has distracted us from dealing with the impact of releasing all the combustion products from burning hydrocarbons (fossil fuels) into the atmosphere... we are going to choke ourselves on polluted air, cause wild swings in weather, and generally raise atmospheric temperature enough to create problems we are not equipped to handle...
oilrobber
Champion Author Miami

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Message Posted: May 5, 2013 8:44:54 AM

Imagine that! Oil Companies use modern technology without the help of our useless, worthless Government. Go private sector!
OU8121959
Champion Author Grand Rapids

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Message Posted: May 5, 2013 8:44:52 AM

okay
AmynHH
Champion Author Houston

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Message Posted: May 5, 2013 8:43:16 AM

Without technology we would not be able to survive on this planet!
ats621
Champion Author Tampa

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Message Posted: May 5, 2013 8:42:41 AM

sounds interesting
babyjudy
Champion Author Tucson

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Message Posted: May 5, 2013 8:39:59 AM

If new technology is better then we use it. If not, we stick to the old way.
hwmillerster
Champion Author Missouri

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Message Posted: May 5, 2013 8:39:47 AM

All these huge discoveries mean that gas and oil are going to be around for a long, long time.
Cebo
Champion Author Maryland

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Message Posted: May 5, 2013 8:39:15 AM

Sounds great!
zardoz74
Veteran Author Houston

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Message Posted: May 5, 2013 8:39:09 AM

Most people were too smart to believe all that greenie BS.
ssnvet
Champion Author California

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Message Posted: May 5, 2013 8:37:59 AM

The destruction of the US economy by the Obama administration has led to the defeat of his "green" agenda - as smart has he thinks he is, he could not see that happening.

We all know how smart union organizers are.
4BigBob
Champion Author Madison

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Message Posted: May 5, 2013 8:37:29 AM

Guess the liberals lied to us about energy.
Mikeyl
Champion Author Cleveland

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Message Posted: May 5, 2013 8:37:13 AM

As long as Big Oil is as "big" as it is, they'll find a way to keep themselves alive!

Oil and gas are not going anywhere... Nothing we read in "Highlights" magazine in the 1970s in school is going to happen in our lifetimes!
thomas41546
Champion Author Tennessee

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Message Posted: May 5, 2013 8:36:36 AM

50 years ago I was told cars would drive on air, hover into a tight parking space and be guided by wires in the ground. That has not happened either.
duane7810
Champion Author Illinois

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Message Posted: May 5, 2013 8:36:33 AM

Why is it so high?
traumer
Champion Author Twin Cities

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Message Posted: May 5, 2013 8:36:30 AM

This is what the USA is good at, keep on drilliing.
truckpdlr
Champion Author Tucson

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Message Posted: May 5, 2013 8:36:23 AM

Sounds like the Flintstones
mh44s
Champion Author Madison

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Message Posted: May 5, 2013 8:35:47 AM

We have the oil supply up and we are using less, so why is the pump price so high?
jethro5000
Champion Author Kentucky

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Message Posted: May 5, 2013 8:35:37 AM

Good.
bladecutter
Champion Author Houston

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Message Posted: May 5, 2013 8:34:32 AM

Oil & gas are going to be around for a lot longer.
CC55
Champion Author Georgia

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Message Posted: May 5, 2013 8:34:07 AM

And yet, we see no cheap oil!! But what we do have is for sale to the highest bidder.
MRED3
Champion Author Jacksonville

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Message Posted: May 5, 2013 8:33:31 AM

OK
Foxt
Champion Author Minnesota

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Message Posted: May 5, 2013 8:33:17 AM

Oil will continue to lead until something becomes more cost effective.
Noewal
Champion Author Virginia

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Message Posted: May 5, 2013 8:32:53 AM

Funny thing about technology, it can come up with solutions to scarcity problems. Now if we could only harness technology to do away with politicians...
gabisgram
Champion Author Michigan

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Message Posted: May 5, 2013 8:32:51 AM

Oil is just the most efficient.
Stevedog
Champion Author Michigan

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Message Posted: May 5, 2013 8:31:50 AM

eventually we will be to a point where only renewable sources will be affordable to the common man
waz1951
All-Star Author Pennsylvania

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Message Posted: May 5, 2013 8:31:42 AM

Good news!
SqrKpf
Champion Author Toronto

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Message Posted: May 5, 2013 8:31:10 AM

ok
McMutt
Champion Author Ontario

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Message Posted: May 5, 2013 8:30:31 AM

I'm sure there's a little more to this?
Wierbe
Champion Author Cincinnati

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Message Posted: May 5, 2013 8:29:57 AM

You never know how technology is going to impact daily life until it is released on the public.
Chas58
Champion Author Detroit

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Message Posted: May 5, 2013 8:29:47 AM

Oil, we're swimming in it. Now if we could only get the price down.
ILANGE9
Champion Author Illinois

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Message Posted: May 5, 2013 8:29:16 AM

I guess this is great news.
henryeOH
Champion Author Akron

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Message Posted: May 5, 2013 8:28:50 AM

Oil companies make millions every hour
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