The future of Exxon-Mobil

What will the giant oil companies of the world do when production declines and what will they do when the black gold runs out entirely?

If the Arctic continues it’s recessive trend, the Exxon-Mobils will have a brief stay of execution with new-found reserves in the former great white north, but then what?

They may use their drilling expertise to mine gas hydrates at the bottom of the ocean. I have mentioned that this is really a bad idea.

Exxon Mobil is the largest company in the world and something should be done with their equipment and employees, most of the companies are American owned anyway so we have a personal stake in the future of the oil companies…imagine having to bail them out!

So the solution is Geothermal.

I don’t know if I’ve commented on this before but I believe that Geothermal is the best renewable energy resource we have.

-It’s unlimited

-It’s constant

-Requires small overhead to convert heat energy to electric

—We have perfected the technology of drilling!

Ok maybe it’s not perfect but if there is any technology we have improved to the utmost, it’s oil drilling.  Bottom line; drilling a big hole is how we harness geothermal energy.

So there’s your future big oil, you make a profit no matter what the price per barrel but someday those barrels will be empty.

Geothermal_System_400

Gas Hydrate solid methane

gas-hydrate

collected from the bottom of the ocean. vast amounts. Why can’t drill for it like we do for oil?

Those were the questions I had about the large amount of natural gas trapped mostly on the bottom of the ocean by the pressure and cold temperatures. One obsticle with drilling is the extreme depths…not like offshore oil drilling which is done in relatively shallow waters.

Gas hydrates are crystalline solids consisting of gas molecules, usually methane, each surrounded by a cage of water molecules.  Gas hydrate looks and acts like ice, but it contains vast amounts of methane.

The real problem with considering this as a fuel source is the fuel would be Methane. Methane is a Greenhouse gas and when it is burned for fuel it produces Carbon Dioxide.   Taking the Hydrate out would also destabilize the sea floor and cause giant Tsunamis. So let’s not spend a lot of time and money on this kind of pipe dream.

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