| Alternative Energy, Energy supply, Global Warming, Economics, Resources, News | 0 Comments | Aug 15 2008
Traditional Energy’s Modern Boom
High Prices Are Driving Increased Extraction of Oil and Other Fossil Fuels
By Joel Achenbach
Washington Post Staff Writer
Friday, August 15, 2008; A01
Original article
AMWELL, Pa. — The guys on the derrick, filthy with mud and grease, have the best view in the county. Their drilling rig rises from a bulldozed, flattened patch of meadow near the top of a hill. To the south is an old farmhouse and a white barn. Hay bales dry in the sun.
It’s classically pastoral as far as the eye can see, which makes all the more dramatic the presence of this derrick, 160 feet high, and the construction trailers, and the mud gushing into a holding pond, and all the roaring machinery.
Heavy industry has invaded the countryside because of something called the Marcellus Shale. It’s a layer of hard, black rock, more than a mile down. Trapped in tiny pores of that rock is a huge quantity of natural gas. The Marcellus Shale could become what people in the natural gas business call a big play.
“It’s a gold rush, really. It’s a boom,” said Steve Rupert, an executive with Range Resources, which is drilling aggressively in the rolling farmland southwest of Pittsburgh.
This is the world of 21st-century energy, which around here looks surprisingly like 19th-century energy. There is little evidence that the old, conventional sources of energy are about to disappear, or that the free market by itself is going to drive a transition to clean, renewable power. Read the complete Post.