Re: Fracking revisited : Tue Jan 14, 2014 1:27 pm  

Stand-Offish wrote:

And Bulgaria.
I suppose that is what has caused all the recent concerns over thousands of Bulgarian frackers coming over here and stealing our fracking jobs.
Farage will be livid.

What !!! Their frackers are fracking over here?? If any French Frackers come that'll be the last straw.

Re: Fracking revisited : Tue Jan 14, 2014 3:38 pm  

Correct me if I mis-heard this on the news this morning but I'm sure I heard someone say that any gas collected in the UK would be pooled and sold on the open market so in theory companies like Total, a French company banned from fracking in their own country could extract fracked gas here and then sell it in France.

Which isn't quite the same as Cameron promising that it will solve all of our domestic fuel supply problems for the next generation AND make our gas bills cheaper.

[DaveO]

Re: Fracking revisited : Tue Jan 14, 2014 4:56 pm  

Dally wrote:

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.

I think claims of it dramatically reducing energy prices have vanished from his rhetoric for exactly the reason you state, the UK's gas supplies get put into a supra-national pool which means we pay whatever the marker rate is. Unlike in the USA where "fracked" gas drove costs down.

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.

The deal on nuclear power reactors at Hinkley is ridiculous. They agreed to let the companies involved sell electricity generated there to the grid starting at over £92.50 for every megawatt hour generated indexed linked making it rise to £121 by 2023. Gas will have to increase in price by 130% to make this a competitive deal. It's been called "insane" by City Analysts.

Re: Fracking revisited : Tue Jan 14, 2014 5:00 pm  

As prices fall, who will pay to cap the deserted wells?

As prices fall, who will pay to cap the deserted wells?

Re: Fracking revisited : Tue Jan 14, 2014 5:47 pm  

Mintball wrote: As prices fall, who will pay to cap the deserted wells? Local rate-payers I'd guess, as the proposal is to give local authorities a magnificent 1% of revenues (which they'll find hard to turn down after they have been starved of funding) in return for destroying thair locale.

Mintball wrote: As prices fall, who will pay to cap the deserted wells? Local rate-payers I'd guess, as the proposal is to give local authorities a magnificent 1% of revenues (which they'll find hard to turn down after they have been starved of funding) in return for destroying thair locale.

Re: Fracking revisited : Tue Jan 14, 2014 5:51 pm  

Well indeed.

Re: Fracking revisited : Tue Jan 14, 2014 6:04 pm  

Fracking will be good for the country. Ironically the people who complain most about prices of fuel seem to be the one shouting loudest when it comes to opposing a real opportunity to reduce fuel costs.

Re: Fracking revisited : Tue Jan 14, 2014 6:45 pm  

Ajw71 wrote:

Fracking will be good for the country. Ironically the people who complain most about prices of fuel seem to be the one shouting loudest when it comes to opposing a real opportunity to reduce fuel costs.

Of course it will.

Despite all the evidence against it you have to toe party line.

Re: Fracking revisited : Tue Jan 14, 2014 6:49 pm  

Ajw71 wrote:

Fracking will be good for the country. Ironically the people who complain most about prices of fuel seem to be the one shouting loudest when it comes to opposing a real opportunity to reduce fuel costs.

Fracking will be good for the businesses who are licensed to carry it out, it will be good for any current politicians who may already, or will in future have links to those corporations who are granted licences, it may prove to be good for local councils who are being offered sweeteners in dividends to grant permissions.

It remains to be seen whether or not individual family's in the UK will benefit from lower fuels costs as the energy providers in the UK will not have direct access to the gas produced but will have to still buy it on the open market and then may or may not pass on those savings or part of those savings to their customers.

Re: Fracking revisited : Tue Jan 14, 2014 6:56 pm  

Sheldon wrote:

:lol: Of course it will.

Despite all the evidence against it you have to toe party line.

Mostly scaremongering I'm afraid.