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Fracking ?


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listening to the energy secretary being interviewed on Sky News the other day and when asked if we could expect the same level of reductions in unit gas prices that were apparent in the USA (down from $8 a unit to $2 a unit due to the gas released by fracking)..... the reply went something like this.....

 

 

 

Oh No, not at all.... our circumstances are much different to the States....

 

 

 

in other words.... if we let our mates the energy companies carry on ripping you plebs off, we can get even more money in tax!!

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As I understand it, the cheaply produced 'fracked' gas will simply be pumped into the Europe wide gas grid and auctioned off to the highest bidder along with the 'ordinary' gas we use now.

At exactly the same price, since gas is gas when it comes to supplying it for domestic use.

A nice little earner for everyone apart from the consumer methinks...

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Interesting that the US has now become self sufficient in energy supply due to the N/American shale fields. This could mean the US will remain the number one super-power a little longer, as cheap energy = cheaper goods production. Not sure whether the Chinese are energy rich, but noticed, they've just bought a Canadian shale gas Company - clever folk these Chinese! :wink: According to one "expert" on TV last night; the Lancashire field alone is estimated to provide 25% of UK national demand for the next 30 years! IF we ever got a UK Government that can think beyond the next election, we could have a window of opportunity to provide cheap energy supplies for OURSELVES, while embarking on a massive sustainable energy infrastructure supply program, by building hydro-electric schemes and estuary barriers (tidal generation) etc. :roll:

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I think there’s a lot of nonsense being spouted on this, primarily from the save the planet brigades but to my way of thinking, no energy production is 100% free of some form of undesirable side effects. Describing minor ground tremors (so small as to be only detectable by instruments) as earthquakes is simply an attempt to frighten people. It makes for a good news story as does the bloke showing a minor crack in his wall but these are all minor issues compared with the benefits the gas could bring.

 

But here’s the real rub. If shale gas was to significantly bring down the cost of energy over the next 25 years then the viability of solar and wind generated energy goes out the window. Most of these systems were marginal at best with long payback times and more importantly a heavy reliance on government subsidies. You have to wonder how long it will be before a future government decides that they can’t continue to pay out on a deal done prior to the discovery of shale gas. :roll:

 

Bill :)

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  • 4 weeks later...

Blimey is that actually real Lt and did she really ignite the water coming out of her tap or is it a joke ?

 

PS I had to scroll to the bottom of your link and click on  'desktop' to view the video as it seemed to be in 'mobile' mode.

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This has been proved not to be caused by fracking at all, but by contamination of the water source by organic matter rotting and producing methane. Fracking takes place hundreds of feet below the water table and the well is sealed against leakage as it passes through the water table. Just another scare tactic by the so-called environmentalists.

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In Canada we have loads of natural gas most of which is sold to the USA, the gas reached a point where there was a glut of gas in the market, we thought o great now our prices will drop and they did from 34 cents a cubic meter to 8 cents, since our gas suppliers split up our bills into customer standing charge,transport from the west,transport to you, plus tax.

Well it wasn't long before standing charge went up delivery charge went up and tax was added thus we end up paying 26 cents as for shale they are only looking at it in Quebec, so there maybe a reduction in transport, and if you believe that, I have a special deal on swamp land in Florida for you.

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