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This is an interesting subject, although its mostly an opinion rather that anything else. TL;DR: Oil industry is certainly facing challenges and its probably on its way out, but there still a long way until it completely phases out I'll start with the a quote from eia.gov The share of U.S. total energy consumption that originated from fossil fuels has fallen ...


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It is less economical to harness this energy/materials. From the perspective of the company, money is better spent on their immediate business needs such as locating large resources or improving the thermodynamic efficiency of their refinery. Reasons it may be less economical include: Intermittent flow; flow may be zero for long periods, with intermittent ...


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I think this is a situation of "the devil is in the details', and of course, cost. In the US, gas from a few wells would not likely be of sufficient volume; but several/many wells could be combined (detail = pipeline plan and control). There are wells, mostly Middle East that do have enough flare gas. As a point of reference the last local power gas ...


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