A Texan tragedy: ample oil, no water
Fracking boom sucks away precious water from beneath the ground, leaving cattle dead, farms bone-dry and people thirsty
The Tory peer who said parts of the “desolate” north were suitable for fracking chairs a shadowy organisation that helps energy companies network with politicians, ambassadors and civil servants, an investigation by Corporate Watch, revealed in the Mirror, has found. Lord Howell, the father-in-law of George Osborne, chairs the Windsor Energy Group (WEG), whose sponsors and supporters include BP, Shell and British Gas.
http://www.independent.co.uk/enviro...oss-the-uk-soon--fracking-flares-8609940.htmlThe British countryside could be dotted with hundreds of naked flames several metres high after the head of Britain's biggest fracking company warned that any production of shale gas would involve “flaring off” leakages.
Andrew Austin, whose IGas company's shale gas licences cover George Osborne's Tatton constituency in Cheshire, said flaring was necessary because it was extremely bad for the environment to allow methane leakages to escape into the atmosphere.
“Flaring is the normal thing in standard oil fields, that's why when you fly across the North Sea you can see it. Flaring or not flaring is not the point, it is industry practice,” Mr Austin told The Independent.
“It is far better to flare leaked gas than to let it vent into the atmosphere. Methane emissions are 24 times more potent a greenhouse gas than C02,” he added.
Other fracking companies, such as Cuadrilla, chaired by former BP chief executive Lord Browne, are also expected to flare off any leakages relating to their shale gas activities in the UK.
http://www.independent.co.uk/enviro...oss-the-uk-soon--fracking-flares-8609940.html
Flaring from the Bakken in ND is so widespread it can be seen from space in one of the more desolate parts of the US.
What is going to kill fracking in large parts of the UK is property prices. With 40% saying they dont want fracking near them and the likelyhood of flaring, it will make houses near fracking sites harder to sell. Making home owners i.e. local voters, much less likely to endorse it.
Once the connection between fracking and property values enters the common consciousness, I think it will have a profound effect - the property owning middle classes are core Tory support, no matter how brazenly Tories suck on the fat corporate tit: business yields money, but business doesn't vote.Your not usually this naive, you really think people's/ local authorities objections will be taken into consideration?
They're too wet.We could burn Tories.
They're too wet.
Your not usually this naive, you really think people's/ local authorities objections will be taken into consideration?
http://www.westsussex.gov.uk/default.aspx?page=33315West Sussex County Council is one of three agencies involved in granting the necessary approvals to explore and produce oil. The others are the Environment Agency and the Department for Energy and Climate Change.
The Health and Safety Executive is also involved, ensuring that oil operations can take place safely.
West Sussex County Council monitors activities on the site for any potential breaches of planning conditions or issues of environmental concern. In addition, our officers carry out announced and unannounced site visits to ensure that conditions of the planning permission are being adhered to.
If a feasible oil/gas reserve is found, Cuadrilla will need to submit a new planning application to West Sussex County Council to go into production. This will be subject to a completely fresh public consultation process.
Members will hear Cuadrilla's application to remain at the site for a maximum of a further six months and for an amendment to the height of the approved flare at the site. A 'ground flare' was originally approved, but Cuadrilla now wants to install a 14-metre high flare to meet the Environment Agency's requirements.
Liked is a poor response to such a damning article,
Yeah.Liked is a poor response to such a damning article,
This is the money-juggling parasites' last gasp before the whole pyramid scheme collapses, burying them - and us - in the wreckage.Shale is not about energy, it's about speculation
Hopefully not us though Poland seems to have had its fingers burned.Yeah.
From that link:
This is the money-juggling parasites' last gasp before the whole pyramid scheme collapses, burying them - and us - in the wreckage.
A senior government minister has thrown his weight behind the exploitation of shale gas.
It is suggested that south Wales has huge reserves that could be tapped by a process called fracking.
Protestors in the Vale of Glamorgan have already made clear their opposition to exploiting gas reserves.
The supporters of shale gas promise it will bring cheaper fuel bills and energy self sufficiency.
BBC Wales environment correspondent Iolo ap Dafydd spoke to Wales Today presenter Jamie Owen about the implications of Energy Secretary Ed Davey's comments to the Royal Society.
are you sure about that?Bringing cheaper bills my arse. What it will bring is more profits for the energy companies.
One, the energy companies wouldn't be doing the drilling unless they thought it was profitable, although how profitable remains to be seen certainly.are you sure about that?
http://en.wikipedia.org/wiki/Shale_gas#Economics
A waste? Absolutely. Polluting? You bet. But there's no profit in shale gas anymore
Shale gas is only profitable *because* prices are high.Two, I doubt savings will be passed onto consumers simply because the energy companies have no history of doing so, preferring keep the profit for themselves.
Freeport LNG signs gas export dealshttp://www.telegraph.co.uk/finance/financialcrisis/10295045/Brussels-fears-European-industrial-massacre-sparked-by-energy-costs.html
Toshiba of Japan and SK of Korea, two industrial groups, have each contracted to use Freeport to liquefy 2.2m tonnes of LNG per year, which at prevailing Asian prices is worth about $1.6bn.
A third plant at Lake Charles, owned by BG Group of the UK and the Energy Transfer group of the US, received that permit in August. The next significant project in line for a decision is Cove Point in Maryland, backed by Dominion, the US energy group.
With permission now granted for plants to export a total of 5.6bn cubic feet of gas per day to markets anywhere in the world, the US is approaching the point where sceptics about exports have suggested the Department of Energy should begin to put the brakes on awarding permits.
Large energy users worry that overseas demand will push up the domestic price of gas.
As the export market grows price will go up.US gas looks highly competitive in Asian markets. Toshiba and the other exporters will be able to buy gas at US benchmark Henry Hub prices, today about $3.60 per million British thermal units, and sell it at Asian prices, today about $15 per mBTU.
Even allowing for a rise in the Henry Hub price, as anticipated in the futures market, and liquefaction and transport costs of perhaps $6-$8 per mBTU, the margins on exported gas seem likely to be attractive.
One, the energy companies wouldn't be doing the drilling unless they thought it was profitable, although how profitable remains to be seen certainly.
A reduction would help make the technique to extract hydrocarbon reserves more profitable in Britain, where municipal water rates often are two-thirds higher than in the U.S., according to data compiled by Bloomberg. Hydraulic fracturing uses high volumes of pressurized water mixed with chemicals and sand to crack open underground deposits.
“You send them an economic signal, and they will respond,” Ian O’Gara, U.K. head of new energy at the consulting firm Accenture Plc (ACN), said in an interview. “You can’t allow the water price to be such that it hinders development.”
English common law doesn’t entitle landowners to the mineral rights beneath their home – oil and gas companies lease extraction rights from the Crown Estate.
However, Greenpeace lawyers argue that the ground itself does belong to the landowner. For that reason, they claim that a company drilling under private land is trespassing unless they are given permission by the owner.
That could be a big problem for fracking companies like Cuadrilla and Celtique Energy who have interests in Lancashire and Sussex.