In Iran a project named "AMAK" was executed to collect the flare gasses and re-inject them into the oil wells to increase the well pressure and oil production. There are a lot of ways that the flare gasses can be used for example at least they can be used to burn garbage in incenerators in big trash dumps instead of burying them.
@@souvikdeb2523 Yes surely but it is much better than releasing the methane gas directly into the air when you have no other use for it and by this way as I said "at least" you will solve part of your garbage problem. Of course if economic and sustainable uses are found for the gas, it should be used there.
@@VLEET7 Good idea. and many people are doing this. They use flare gas as fuel of natural gas generator for bitcoin mining. this is I think up to now one of the most cost-effective way for bitcoin mining because this kind of fuel is almost free and this makes the electricity cost low to almost zero compared to other sources of electricity.
Right. Oil boils at 300degrees. Can probably get electricity at 100 or so degrees in little generator for electric vehicle. Lot of things don't make obvious sense.
@@amorosogombe9650 Yeah I guess it's about the storage and whatever battery risks. They are just burning it to lessen the emissions other posters said.
So if they didn't burn it, it would be released directly to atmosphere. You can't see it, so easy to do on the quiet. 30x more of a greenhouse gas driver than flaring it! A flaring ban could backfire badly!
@@spacetoast7783there’s a mighty amount of privilege behind that comment. But the only way to fix oil demand long term is to build denser cities and movie towards nuclear. Everything else is a farce
This is not the only industry that is wasting resources for sake of profit margins. from farming to waste treatment and nuclear power there is waste of good fuel and food.
The problem with converting this gas to electricity is the high cost of building out the infrastructure to feed it back to the grid. Bitcoin mining fixes this. No infrastructure needed, simply build a portable onsite generator to convert to electricity to power mining, then convert the bitcoin mined into fiat currency for a profit. Problem solved. It's the politics that needs fixing, not the planet.
With natural gas prices at historic highs, gas flaring is an extraordinary waste of money in addition to its negative impacts on climate change and human health. Bringing this gas to market could offer relief to very tight gas markets and, in many cases, could do so faster and cheaper than investing in new supply.
How is it the FT is now interested in Polution or is it the waste of profit? They're striking a new path perhaps? I've enjoyed their vox pop editorials recently, It's almost like theiy're reading real life than the markets, I laud them for it though, A profit can't be made without a planet we can live on and consumers can't consume if theiy're dead. It won't put the willies up a politician, banker or petro magnate, this is about hopeful shame. But, I stand with their sentiment, it's all far too late.
if they store the gas they have a higher supply when demand is low . it cost money to store the gas when supply is high they dont sell at a lower cost to consumers
@@spacetoast7783 You can used the wasted energy for bitcoin mining, because it's one of the few possibilities that's mobile. A bitcoin mine can be stored in a shipping container.
The gas goes into the air. The air is the public domain. And since the government is the owner of the public domain they get to regulate it. It’s a matter of property. If you could build a 100% capture rate system then you’d have full ethical authority to tell the EPA to piss off. But otherwise you’re just kicking the can to everyone else. Think about it like a river. If you could dump… soap into a river but guarantee that that soap broke down before it reaches anyone else’s property you would be ethically right in your (non) pollution. But if you put soap into the river and it comes and damages or modifies my property you have violated my property right and I’d be ethically justified in seeking payment for those damages. So again. Since the air has no single owner(I.e. the government). The government gets to say what you can do to it
This is a discussting waste of reasources and is unexeptable as it pollutes for no reasons so it is good this problem is being tackled but ti should be something done in stages. It needs to be done now as we know they have the money to do it now and if they don't let the government help get the job done and they can pay the government back ASAP. Who cares about private or federal. The envirnemnt (espieiclly now) needs to take presidence over preoples interest, plus what are private compnaies going to say no to making more money off sold gas!!! I hope all flaring is non existant by 2030!!!!
There has to be a way to reign in all that pollution.
There should be a way to capture any flarings
In Iran a project named "AMAK" was executed to collect the flare gasses and re-inject them into the oil wells to increase the well pressure and oil production. There are a lot of ways that the flare gasses can be used for example at least they can be used to burn garbage in incenerators in big trash dumps instead of burying them.
Good initiative. But incineration of wastes can also lead to greenhouse gas production, right?
@@souvikdeb2523 Yes surely but it is much better than releasing the methane gas directly into the air when you have no other use for it and by this way as I said "at least" you will solve part of your garbage problem. Of course if economic and sustainable uses are found for the gas, it should be used there.
@@faridjafari6356 I'm looking into how BTC miners and the like may be able to use this excess gas!
@@VLEET7 Good idea. and many people are doing this. They use flare gas as fuel of natural gas generator for bitcoin mining. this is I think up to now one of the most cost-effective way for bitcoin mining because this kind of fuel is almost free and this makes the electricity cost low to almost zero compared to other sources of electricity.
Can we buy Natural gas on dips
I literally don't understand how no one has thought of taking that gas and converting it into electricity!!!
ruclips.net/video/4_vEUnlOAs8/видео.html this video tells u why
Right. Oil boils at 300degrees. Can probably get electricity at 100 or so degrees in little generator for electric vehicle. Lot of things don't make obvious sense.
@@sampleoffers1978 Can't they drive a gas turbine with that gas? They're burning it anyway.
@@amorosogombe9650 Yeah I guess it's about the storage and whatever battery risks. They are just burning it to lessen the emissions other posters said.
@@sampleoffers1978 Huh??? That doesn't make any sense. But nevermind.
Surly that flaring could be used to power a power station to produce electricity
So if they didn't burn it, it would be released directly to atmosphere. You can't see it, so easy to do on the quiet. 30x more of a greenhouse gas driver than flaring it!
A flaring ban could backfire badly!
Leave it in the ground then.
@@spacetoast7783there’s a mighty amount of privilege behind that comment. But the only way to fix oil demand long term is to build denser cities and movie towards nuclear. Everything else is a farce
This is not the only industry that is wasting resources for sake of profit margins. from farming to waste treatment and nuclear power there is waste of good fuel and food.
In the future flaring should be charged at a certain price - then it has some cost.
Maybe something similar to carbon emission tax.
Guess who will pay that tax? Consumers!
and then they'll just go and release the methane unprocessed...
The problem with converting this gas to electricity is the high cost of building out the infrastructure to feed it back to the grid. Bitcoin mining fixes this. No infrastructure needed, simply build a portable onsite generator to convert to electricity to power mining, then convert the bitcoin mined into fiat currency for a profit. Problem solved. It's the politics that needs fixing, not the planet.
Can we buy Natural gas on dips
There's absolutely no need to convert to a riskier asset like fiat.
That doesn't solve the problem at all. You still have to burn the gas to turn it into electricity.
With natural gas prices at historic highs, gas flaring is an extraordinary waste of money in addition to its negative impacts on climate change and human health. Bringing this gas to market could offer relief to very tight gas markets and, in many cases, could do so faster and cheaper than investing in new supply.
How is it the FT is now interested in Polution or is it the waste of profit? They're striking a new path perhaps?
I've enjoyed their vox pop editorials recently, It's almost like theiy're reading real life than the markets,
I laud them for it though, A profit can't be made without a planet we can live on and consumers can't consume if theiy're dead.
It won't put the willies up a politician, banker or petro magnate, this is about hopeful shame.
But, I stand with their sentiment, it's all far too late.
Stop burning stuff.
Seems like an awful waste
if they store the gas they have a higher supply when demand is low . it cost money to store the gas when supply is high they dont sell at a lower cost to consumers
NOT MOVING FAST ENOUGH!
Yes start using the natural gas. Make our governments allow pipelines to use it.
So we are encouraged to conserve energy, meanwhile this is happening.
Shld b illegal to waste this gas when it can b used
Can we buy natural gas??
Solution: Bitcoin mining!
Yes, from waste to money
How is that a solution? You still have to burn the gas.
@@spacetoast7783 You can used the wasted energy for bitcoin mining, because it's one of the few possibilities that's mobile. A bitcoin mine can be stored in a shipping container.
Why is this regulated by the EPA.
Because it pollutes the environment?
The gas goes into the air. The air is the public domain. And since the government is the owner of the public domain they get to regulate it. It’s a matter of property. If you could build a 100% capture rate system then you’d have full ethical authority to tell the EPA to piss off. But otherwise you’re just kicking the can to everyone else. Think about it like a river. If you could dump… soap into a river but guarantee that that soap broke down before it reaches anyone else’s property you would be ethically right in your (non) pollution. But if you put soap into the river and it comes and damages or modifies my property you have violated my property right and I’d be ethically justified in seeking payment for those damages.
So again. Since the air has no single owner(I.e. the government). The government gets to say what you can do to it
Natural Gas almost historic low buy every dip
Can FT reign in the editorials? Hasn't this been printed 10,000 times already?
Amazing. We have been flaring for well over a hundred years and the climate is basically the same. The sky is falling Chicken Little.
What year is it right now? How many fingers am I holding up?
Bitccoin mining would be an altruistic use case.
good idea and many people are doing this
How? You still have to burn the gas.
Final word, capitalism good! It might just save us all.
More plant air!
They've been doing this right down the road from my house for about a week straight...so wasteful. 🤦🏼♂️
This is a discussting waste of reasources and is unexeptable as it pollutes for no reasons so it is good this problem is being tackled but ti should be something done in stages. It needs to be done now as we know they have the money to do it now and if they don't let the government help get the job done and they can pay the government back ASAP. Who cares about private or federal. The envirnemnt (espieiclly now) needs to take presidence over preoples interest, plus what are private compnaies going to say no to making more money off sold gas!!! I hope all flaring is non existant by 2030!!!!