Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Environment & Energy

joshcryer

(62,276 posts)

4. Fracking is bringing the cost of natural gas down big time.

Reply to Scootaloo (Reply #3)

Mon Jun 25, 2012, 02:19 AM

Jun 2012

The petro industry uses roughly a quarter of its petroleum to make plastics. By making plastics with natural gas they get to sell the that other quarter of petroleum as fuel. I think that we probably have not yet hit peak oil (but we have hit peak conventional oil as well as peak conventional gas). This will just make the collapse all the more grand when it finally bottoms out.

Edit history

Please sign in to view edit histories.

7 replies

= new reply since forum marked as read

Highlight:

Ugh. The petro industry is going with natural gas to make plastics. [View all] joshcryer Jun 2012 OP

Fraking gas-holes TeamPooka Jun 2012 #1

Worse. They have even latched on to the renewable industry. joshcryer Jun 2012 #2

So wait... Wait just a second. Scootaloo Jun 2012 #3

Fracking is bringing the cost of natural gas down big time. joshcryer Jun 2012 #4

Depends on what you mean by "peak oil". bananas Jun 2012 #5

FWIW, while I believe the peak oilers failed to consider unconventional sources... joshcryer Jun 2012 #6

The fun really starts when they use natural gas to make gasoline. hunter Jun 2012 #7