Can a new way to tap into geothermal solve a lot of the energy woes of the world?

muncybob

https://www.quaise.energy/

They just secured another $40 million to get things moving:

https://www.dailymail.co.uk/sciencetech/article-10569659/Geothermal-energy-start-planning-sci-fi-style-WAVE-drill.html

I hope it's not too good to be true. No affiliation here.

xschop

At $100 per barrel crude, all focus has shifted to tapping into the hydrocarbons in my neck of the woods.

nooshinjohn

Drill baby drill

sucks2beme

ICELAND has been doing this for a while.
If you have hot springs, you have underground conditions
That would support this. In those areas, you don't need deep drilling.
So no need for cutting edge, just some creative thinking.

motorhead43026

xschop wrote: »

At $100 per barrel crude, all focus has shifted to tapping into the hydrocarbons in my neck of the woods.

And here is the reason we are in the mess we are today. When gas was in the $1.89 range (late 2019) the large oil companies were pulling out leaving the smaller independents that were still solvent to drill. Then came the Corona lockdown of course driving even them out of the fields and many out of business.

So yes at this current price point everybody will start poking holes.

Anybody that believes cheap gasoline/oil is good for oil security is a fool.

And this cycle will repeat itself over and over again.

audioluvr

muncybob wrote: »

https://www.quaise.energy/

They just secured another $40 million to get things moving:

https://www.dailymail.co.uk/sciencetech/article-10569659/Geothermal-energy-start-planning-sci-fi-style-WAVE-drill.html

I hope it's not too good to be true. No affiliation here.

It sounds awesome! Like a Ponzi scheme does at first.

motorhead43026

Yeah, geothermal has its place for sure.

Tony M

Having Geo-Thermal energy puts the Governments' energy usage "Taxation" out of business on the heating and cooling needs of millions of people. Very little cost in running a little 12" fan or three.

Wth. Solar panels are Awesome too. They last for a long time. But, we let Solyndra get 350 to 500 million ( I just heard 500 million the other night ) from the US government (us people that didn't have a say in it) for a financial boost and then 3 months later, they shut down. Obama visited their plant 3 months before I think it was to see if they were legit.

I also saw a builder who built homes with thermal barrier walls on the exterior walls. They sheathed the house all around it, then put 1x4s or 1x2s where the exterior wall studs are and sheathed it again. Creating a voided air space for air to flow upward between the 2 exterior walls. He built a bunch of them. With the cost of plywood now, it might take MANY years to recoup the extra cost now.

xschop

motorhead43026 wrote: »

xschop wrote: »

At $100 per barrel crude, all focus has shifted to tapping into the hydrocarbons in my neck of the woods.

And here is the reason we are in the mess we are today. When gas was in the $1.89 range (late 2019) the large oil companies were pulling out leaving the smaller independents that were still solvent to drill. Then came the Corona lockdown of course driving even them out of the fields and many out of business.

So yes at this current price point everybody will start poking holes.

Anybody that believes cheap gasoline/oil is good for oil security is a fool.

And this cycle will repeat itself over and over again.

I agree, cucks ran scared of an orchestrated crisis and gave up their birthright in the process. Covid-19, The Great Reset was not only a book, but an agenda.

pitdogg2

Tony M wrote: »

Having Geo-Thermal energy puts the Governments' energy usage "Taxation" out of business on the heating and cooling needs of millions of people. Very little cost in running a little 12" fan or three.

Wth. Solar panels are Awesome too. They last for a long time. But, we let Solyndra get 350 to 500 million ( I just heard 500 million the other night ) from the US government (us people that didn't have a say in it) for a financial boost and then 3 months later, they shut down. Obama visited their plant 3 months before I think it was to see if they were legit.

You're delusional Tony, Government will find a way to tax the snot out of it. Ask all those folk in California about their solar panels.

https://www.cnbc.com/2021/12/13/solar-power-advocates-slam-new-california-proposal-to-reduce-subsidies.html

The proposal would create the “highest solar tax in the country and tarnish the state’s clean energy legacy.”

Solyndra .... Well Obama let/encouraged (whatever word you like) that to be sold to Chinese company for pennies on the dollar, PENNIES ON OUR TAX DOLLARS !! Our tax dollars at work....
Now they are selling the panels back to us .....

That Solyndra company could NOT be sold WITHOUT our great savior's (Obama) permission.

Many places that had great incentives to install panels now charge you a monthly fee to be hooked up to the grid and like California cut the payback for your electricity supplied to the grid. You pay and pay fees unless you have a huge bank of storage batteries and even then Government will find a way to tax that too.

BlueFox

I have had solar for a while now, around 7 years, and love it. After I bought my Pass amps I then had to run the AC in the summer when I played the stereo. I flipped out when I got my first electric bill after that, and immediately ordered solar. Also, CA has NOT changed the 20 year solar payback. PG&E proposed that, but it was not accepted.

pitdogg2

Key word there Bud is YET. If they are demanding all new houses be equipped with solar panels then once they hit a certain number I bet it changes. Utilities do not want their bottom line messed with. If they are getting close to paying out more than is coming in no business can last with that model.

muncybob

sucks2beme wrote: »

ICELAND has been doing this for a while.
If you have hot springs, you have underground conditions
That would support this. In those areas, you don't need deep drilling.
So no need for cutting edge, just some creative thinking.

But, there are many areas that do require deep drilling and apparently this technique goes even deeper for even better sources. Remember, she said deeper is better in Debbie Does Dallas

Jstas

BlueFox wrote: »

I have had solar for a while now, around 7 years, and love it. After I bought my Pass amps I then had to run the AC in the summer when I played the stereo. I flipped out when I got my first electric bill after that, and immediately ordered solar. Also, CA has NOT changed the 20 year solar payback. PG&E proposed that, but it was not accepted.

So how much was this egregious electric bill and how much did you pay for solar panels?

invalid

So does the power company actually send you a check when you generate more electricity than you use or do they just credit your account?

txcoastal1

Jstas wrote: »

BlueFox wrote: »

I have had solar for a while now, around 7 years, and love it. After I bought my Pass amps I then had to run the AC in the summer when I played the stereo. I flipped out when I got my first electric bill after that, and immediately ordered solar. Also, CA has NOT changed the 20 year solar payback. PG&E proposed that, but it was not accepted.

So how much was this egregious electric bill and how much did you pay for solar panels?

Grid tax proposed by California...

Bowing to pressure from the California utilities, the CPUC is proposing new net metering rules (NEM 3.0) that includes a “grid access” fee of $8/kW of installed solar per month – in addition to other fees – that could add between $50-$80/month to the electric bill of a home solar customer. If adopted, this would be the highest solar fee anywhere in the country, including states hostile to renewable energy. In addition, the proposal would reduce the value of bill credits for solar energy sent to the grid by about 80 percent.

txcoastal1

motorhead43026 wrote: »

xschop wrote: »

At $100 per barrel crude, all focus has shifted to tapping into the hydrocarbons in my neck of the woods.

And here is the reason we are in the mess we are today. When gas was in the $1.89 range (late 2019) the large oil companies were pulling out leaving the smaller independents that were still solvent to drill. Then came the Corona lockdown of course driving even them out of the fields and many out of business.

So yes at this current price point everybody will start poking holes.

Anybody that believes cheap gasoline/oil is good for oil security is a fool.

And this cycle will repeat itself over and over again.

2019 Average price was about $65 a barrel which was fair and pre-covid. Due to inflation we should still be around 80 a barrel. When you start adding in transportation cost, especially overseas that's when it gets nuts.

Flip the da mn switch on and start up now. We are fixing to get into shutdown season where the refineries go to 30-60% for cleaning and change fuel for summer time. If we don't startup the Fed lands and offshore prices will go up at least another $1 per gallon which effects everything we buy.

pitdogg2

Gas here has went up 10¢ a day for the four days of this week. We're now at 4.29 a gallon. Two weeks ago we were $3.42
We'll be past $5 a gallon by memorial day which usually is the start of crazy gas prices for the summer.
If things keep going we will be in the $6 a gallon by the 4th of July.

Clipdat

Diesel is currently $9.38/gal in Sweden.

BlueFox

Jstas wrote: »

BlueFox wrote: »

I have had solar for a while now, around 7 years, and love it. After I bought my Pass amps I then had to run the AC in the summer when I played the stereo. I flipped out when I got my first electric bill after that, and immediately ordered solar. Also, CA has NOT changed the 20 year solar payback. PG&E proposed that, but it was not accepted.

So how much was this egregious electric bill and how much did you pay for solar panels?

I don't remember the exact price of the bill, but for the 2 1/2 weeks I ran the AC and stereo in July it was over $200 dollars.

It turns out I got solar in 2013 (time flies), and I can't believe my amps are that old. However, they still sound great. Anyway, I recouped the $17K cost of solar in about 5 years.

pitdogg2

Brother if you EVER see me eating a Hot Dog, its end of times.....

txcoastal1

pitdogg2 wrote: »

Brother if you EVER see me eating a Hot Dog, its end of times.....

but but but...

Iconic Chicago restaurant Portillo’s picks first Texas city for D-FW expansion
Portillo’s CEO also corrects a point of confusion: “It is not a hot dog place,” he says.

https://www.dallasnews.com/food/restaurant-news/2022/03/02/iconic-chicago-restaurant-portillos-to-open-in-the-colony-its-first-in-texas/

txcoastal1

BlueFox wrote: »

Jstas wrote: »

BlueFox wrote: »

I have had solar for a while now, around 7 years, and love it. After I bought my Pass amps I then had to run the AC in the summer when I played the stereo. I flipped out when I got my first electric bill after that, and immediately ordered solar. Also, CA has NOT changed the 20 year solar payback. PG&E proposed that, but it was not accepted.

So how much was this egregious electric bill and how much did you pay for solar panels?

I don't remember the exact price of the bill, but for the 2 1/2 weeks I ran the AC and stereo in July it was over $200 dollars.

It turns out I got solar in 2013 (time flies), and I can't believe my amps are that old. However, they still sound great. Anyway, I recouped the $17K cost of solar in about 5 years.

That's great Bud, you got incentives, kick back and saved money....those are mostly if not all gone.

Soler is now pretty expensive and supply chain is let's say...forked up

You got when the gettin' was good

motorhead43026

txcoastal1 wrote: »

motorhead43026 wrote: »

xschop wrote: »

At $100 per barrel crude, all focus has shifted to tapping into the hydrocarbons in my neck of the woods.

And here is the reason we are in the mess we are today. When gas was in the $1.89 range (late 2019) the large oil companies were pulling out leaving the smaller independents that were still solvent to drill. Then came the Corona lockdown of course driving even them out of the fields and many out of business.

So yes at this current price point everybody will start poking holes.

Anybody that believes cheap gasoline/oil is good for oil security is a fool.

And this cycle will repeat itself over and over again.

2019 Average price was about $65 a barrel which was fair and pre-covid. Due to inflation we should still be around 80 a barrel. When you start adding in transportation cost, especially overseas that's when it gets nuts.

Flip the da mn switch on and start up now. We are fixing to get into shutdown season where the refineries go to 30-60% for cleaning and change fuel for summer time. If we don't startup the Fed lands and offshore prices will go up at least another $1 per gallon which effects everything we buy.

From EIA.GOV

The price of Brent crude oil, the international benchmark, averaged $64 per barrel (b) in 2019, $7/b lower than its 2018 average. The price of West Texas Intermediate (WTI) crude oil, the U.S. benchmark, averaged $57/b in 2019, $7/b lower than in 2018. Compared with recent years, both crude oil prices traded within relatively narrow price.

**********************************************************************************************************************************************

The majors near the end of 2019 were pulling back on production because lower prices vs the previous year.

And there are plenty of existing leases going unused as usual.

Last year not one dime was invested in oil infrastructure from big oil. Instead they paid out larger then ever dividends to shareholders. Why do these guys never share any blame?

txcoastal1

There is nowhere to invest.
New Mexico gas and oil is 95% fed land...nope not this year. NM relies on the subsidies for education etc

Texas is more diversified as it's rigs are mostly on public, which is tapped, but no more prospects on fed lands because of the moratorium.

So as we rolled into the end of 2018 and finally the end of 2019 we became net exporters vs net importers. Russia was only providing the US 3% the lowest in years.

We are now net importers and Russia provides nearly 10%. We had the opportunity 2 months ago upon threats to lift the moratorium and we would now be able to be getting the at the least, gulf rigs online as it takes approximately 90 days.

As soon as the first bomb was dropped we could have included energy market sanctions.

Ego was in the way

mrbigbluelight

Last year not one dime was invested in oil infrastructure from big oil.

You can thank the DNC's capitulation to the Green faction for that.
When our "leaders" are controlled by delusional "representatives" who make statements such as "Puerto Rico could stop using ALL fossil fuels tomorrow and shift to green energy with no effect on their economy" and there is NO condemnation of that statement by the federal people who control the purse strings, then how confident should Big Oil be in investing funds in additional production ?

motorhead43026

^^ I disagree, it’s why would you poke new holes only to bring more oil to market driving down the price, when your making more money just sitting on your hands?

Now I am sure the huge losses of 2020 also played a big part. Those investors wanted some cash and cash to make up for the year before.

F1nut

Bowing to pressure from the California utilities, the CPUC is proposing new net metering rules (NEM 3.0) that includes a “grid access” fee of $8/kW of installed solar per month – in addition to other fees – that could add between $50-$80/month to the electric bill of a home solar customer. If adopted, this would be the highest solar fee anywhere in the country, including states hostile to renewable energy. In addition, the proposal would reduce the value of bill credits for solar energy sent to the grid by about 80 percent.

Another reason to leave the State of Insanity.

mhardy6647

I'm afraid that there's about to be plenty of energy produced... but Elon hasn't made enough Powerwalls yet to store it.

muncybob

We've had solar for just over a year now. Our electric bill/month averages around $17 for the cost of the transmission lines, etc. We get a payment from the electric co. each May for the power we put back into the grid . We also get a payment e/o month from SRECs sold for around $40 each. Last I looked there is still a 26% federal tax credit available to offset the initial cost. I figure our payback will be around 9 years since our old electric bills were low compared to the national average. That leaves us with apprx. 11 years of gravy assuming the panels will last 20 years(which is the warranty we have).

Initially I thought of solar if the grid went down(as it does here a few times a year) but we still went with it since it pays us back. Same reason we cut ties on the oil man and installed a dual fuel boiler for heat/hot water. That paid for itself in less than 4 years even with oil prices cheaper at the time of install.

But, I'll be following the geothermal advances being made. Sure, Big Brother will certainly see a way to get some $$ out of it, but the sooner we cut energy dependency on other countries the better. It's bad enough that we depend on China and the like for our products.

xschop

mhardy6647 wrote: »

I'm afraid that there's about to be plenty of energy produced... but Elon hasn't made enough Powerwalls yet to store it.

His Neuralink will help the masses forget about the radionucleotide clouds.

PS, it's ironic that the CP Ai chose that nomenclature, as it is indeed what you'd get by bombing a bioweapons lab.