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?

Re: Fracking revisited : Mon Jan 13, 2014 11:50 pm  

Dally wrote:

Desperate imebeciles wrecking the country's future

I think that sums the 'tories up perfectly.

I also think ('think' being key, here) if the inhabitants of this fine country put as much effort into caring about this, than they did with Mark Duggan - we would have a justifiable reason for going ape shit at the Government's expense.

Re: Fracking revisited : Tue Jan 14, 2014 7:09 am  

You only need one question to answer - if we let fracking take place unhindered across this land (not that "we" have any choice in the matter for "we" do not issue the licences and cash incentives), then does anyone truly believe that our energy prices will fall by up to 48% (a figure I heard quoted yesterday) ?

Re: Fracking revisited : Tue Jan 14, 2014 8:12 am  

JerryChicken wrote: You only need one question to answer - if we let fracking take place unhindered across this land (not that "we" have any choice in the matter for "we" do not issue the licences and cash incentives), then does anyone truly believe that our energy prices will fall by up to 48% (a figure I heard quoted yesterday) ? There is another question: do we really believe fracking is totally safe? Here are a couple of stories from the US that suggest that, at the least, there should be doubts.

JerryChicken wrote: You only need one question to answer - if we let fracking take place unhindered across this land (not that "we" have any choice in the matter for "we" do not issue the licences and cash incentives), then does anyone truly believe that our energy prices will fall by up to 48% (a figure I heard quoted yesterday) ? There is another question: do we really believe fracking is totally safe? Here are a couple of stories from the US that suggest that, at the least, there should be doubts.

Re: Fracking revisited : Tue Jan 14, 2014 9:06 am  

Mintball wrote:

There is another question: do we really believe fracking is totally safe?

I think there needs to be more investigations tbh, but Cameron thinks chucking money at councils will overcome any concerns. He really is an egg-faced idiot.

Re: Fracking revisited : Tue Jan 14, 2014 9:34 am  

Chris28 wrote:

I think there needs to be more investigations tbh, but Cameron thinks chucking money at councils will overcome any concerns. He really is an egg-faced idiot.

Agreed.

I wouldn't rule out fracking completely, but it seems that we do not know anything like enough, and the ramifications could be disastrous.

Re: Fracking revisited : Tue Jan 14, 2014 10:48 am  

I can't get enough of it, solely for the fact that Outraged Of Cheltenham, resplendent in tweed jacket, shouting "I will absolutley not stand for anyone fracking in my back yard" on the telly, will never cease to be funny.

Re: Fracking revisited : Tue Jan 14, 2014 12:08 pm  

I have it on good authority that any reduction in gas prices will be cancelled out by increases in household insurance to cover subsidence claims.
lol

Re: Fracking revisited : Tue Jan 14, 2014 12:53 pm  

http://www.ft.com/cms/s/0/34b5dad6-3261-11e3-b3a7-00144feab7de.html Banned in France.

http://www.ft.com/cms/s/0/34b5dad6-3261-11e3-b3a7-00144feab7de.html Banned in France.

Re: Fracking revisited : Tue Jan 14, 2014 1:11 pm  

Ovavoo wrote: http://www.ft.com/cms/s/0/34b5dad6-3261-11e3-b3a7-00144feab7de.html Banned in France. 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.

Ovavoo wrote: http://www.ft.com/cms/s/0/34b5dad6-3261-11e3-b3a7-00144feab7de.html Banned in France. 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.