Fracking revisited : Mon Jan 13, 2014 10:21 pm
I think fracking was a subject on here a while back but it seems an appropriate time to revisit it. I happened to listen to one on the business channels before breakfast in a hotel this morning. Some of the key points on their debate on oil / energy prices included:There is a reasonable chance that global energy prices could fall significantly in the next few years and if they do they would make fracking uneconomic.
That fracking doesn't create many jobs.
Now in complete contrast Calamity Cameron tells us it'd create 74,000 jobs, is a necessity and will dramatically reduce energy prices. On the latter point the UK's gas supplies get put into a supra-national pool and so any savings to UK customers is likely to be marginal. To contribute significantly towards UK energy needs (there is talk of self-sufficency from fracking alone) would require several thousand wells running simultaneously. What would that do to our small country?
So, is Mr Cameron giving the real story? Or is he more interested in giving away more of our assets? First the crazy deal with France and China over a couple of nuclear power stations, then giving contracts to a Chinese electronic company whohose equipment has allegedly been used by the Chinese government to spy on our government machinery and now a fracking deal with Total of France.
Desperate imebeciles wrecking the country's future or far-sighted leaders?
