Rising of Oil and Gas Industry

According to the Shawn Bartholomae , CEO of Prodigy Oil and Gas company of Irving, Texas. The reflection of the eco energies loosing market position and rise of conversional fuel is affecting turbine and solar industry. 

For two consecutive years the eco energy has fallen over one third on all over the USA. According to 2011-2012 economical report the clean energy faced its largest downfall in America which is nearly 41% declining investment as compared to a year a go.

The eco energy sector of Europe is also in danger because government have removed all kind of subsidies form clean energy , and that effected on Chinese market too, over 0.80 billion has been cut off.
At the same time the cheap natural gas started to hit the market and the shale production from the fields in America is showing great signs of growth.

Because  of the cost solar panel couldn’t reached its target and slow technical growth is this particular sector making it hopeless on the other hand the low price fuel gas is taking over and modern technology is making it creeper.

The growth of Gas drilling turned the fuel market towards a cleaner nature as LNG and gas burning fuel.

The turbine manufacturing industry and the tower producers have had slowdown  their business because of the wind productions tax credit is set to expire.

The management and increasing technological abilities have worked together for oil and gas industry to deliver more energy at lower costs.

Best of all, the American consumer is the winner.

Bartholomae Sees Alternative Energy Investment Declining

Following the alternative energy markets will reflect the some downward trends according to Shawn Bartholomae, CEO of Prodigy Oil and Gas Company of Irving, Texas.

Clean energy has fallen for the third quarter all across the board in the U.S., China and Europe a Bloomberg report states. This decline is for the second consecutive year. The largest decline occurred in America which saw its investments decline 41 % as compared to a year ago. Clean energy investment in China has fallen from $13.8 billion to $13.0 billion.

Europe is reeling from a double shock as subsidies were reduced. This is occurring at a time when cheap natural gas, much of it from America, is hitting the market. The shale production from the fields in the U.S. is significant and shows no sign of declining.

Some really good news clean energy and gas production is that overall solar photovoltaic capacity looks to set an all time high. This can happen even at a time frame where the total investment in such could drop. This is due to a decline in the cost of technology.

The increase in natural gas production moves the market towards a cleaner environment as natural gas and the LNG is a clean burning fuel.

The wind production tax credit is set to expire. The turbine manufacturing industry and the tower plants have had a business slowdown. Lay offs are being felt in these industries.

Here too is an example where increasing technological abilities have worked, side by side, with the oil and gas industry to bring more energy at lower costs.

Best of all, the American consumer is the winner.

Prodigy CEO, Shawn Bartholomae Keeps Eye on Barnett Shale

Prodigy Oil and Gas Company of Irving, Texas physically sits right adjacent to the Barnett Shale field. In its early years the field was thought to have the largest reserves of any natural gas field in the United States. In 2007 it was first suggested to be in the twenty trillion cubic feet range. That is a tremendous field but recent studies (university of Texas computer model) have doubled this number. One of the big reasons for the revised numbers is the increasing ability and sophistication of the fracking techniques.

The field did not change nor did the estimates of how big the field is change considerably. What did change was the extraction techniques and thus the amount of oil and gas we can expect to extract from the same fields.

This Shale quite typically comes in at a high rate of production and then tapers off fairly quick. This characteristic raises questions of whether the shale gas production can keep up with demand. This question becomes more critical as the demand for gas takes off.

One major aspect that is pushing for more and more natural gas production is the developing and even exploding market for LNG. The turnaround in the LNG market is phenomenal. Events overseas and continental N. America are pushing demand higher and higher. Nuclear plant closings in Japan and even in Mexico are helping to drive the demand for LNG growth.

With all of the demand for LNG, predicting what the market will do for this commodity is tricky business. There are many factors to consider any one of which could throw one’s calculations off. 

The EPA could call for stringent demands to limit emissions of mercury and other toxics. U.S. capacity of these emissions in 2011 was running at 317 GW (GIGA watts). Enforcing these restrictions could shut roughly a third of this electricity off from the market. Plus there is the added factor that new construction of coal plants could be paralyzed.

Also uncertain is how the political winds may shift to promote other forms of energy such as solar and wind.

The drilling find that brought us the wide spread use of fracking technology is still producing strongly. Computer models under study from the University of Texas are telling us that we could still expect to be extracting the 45 trillion cubic of gas  from the Barnett Shale up  through  the year 2050.