Energy firm says UK's shale gas resources could be huge

antrobus

A report here from the US Energy Information Administration (EIA) which says that the UK's "technically recoverable" shale gas reserves amount to some 26 trillion cubic feet.

http://www.dailymail.co.uk/news/article-2339435/UK-s-shale-gas-fuel-country-decade-fracking-got-abysmal-start-US-report-claims.html

Although I'm not that sure why the Americans are interested in how much gas we have.

P.S. The current proposal for the Severn Barrage appears to have died a death, following a pretty comprehensive rejection from the House of Commons' Energy and Climate Change Committee.


http://www.bbc.co.uk/news/uk-wales-politics-22812911

ruggedtoast

How much fracking money are we likely to see out of this?

I mean us, actually us as a country; not a bunch of corrupt oil execs and venal politicians who will use the tax revenue to fund corporate welfare to their friends.

Is it even going to make our bills one penny lower?

grizzly1911

ruggedtoast wrote: »

How much fracking money are we likely to see out of this?

I mean us, actually us as a country; not a bunch of corrupt oil execs and venal politicians who will use the tax revenue to fund corporate welfare to their friends.

Is it even going to make our bills one penny lower?

I t may hold bills at best.

AIUI apart from the high cost of extraction both actual drilling and collateral environmental, the gas will have to be fed into the european wholesale network and buyers will buy at the "bundled" rate set by those that set rates irrespective of supply route.

grizzly1911

antrobus wrote: »

A report here from the US Energy Information Administration (EIA) which says that the UK's "technically recoverable" shale gas reserves amount to some 26 trillion cubic feet.

http://www.dailymail.co.uk/news/article-2339435/UK-s-shale-gas-fuel-country-decade-fracking-got-abysmal-start-US-report-claims.html

Although I'm not that sure why the Americans are interested in how much gas we have.

P.S. The current proposal for the Severn Barrage appears to have died a death, following a pretty comprehensive rejection from the House of Commons' Energy and Climate Change Committee.


http://www.bbc.co.uk/news/uk-wales-politics-22812911

iam sure they are interested 1.) to ensure they have sustaianble supplyin teh future 2.) they will (through their corporations) cream off a good part of the benefit in R&D, intellectual Property, Hardware Sales, Project Management, "Red Adair" support. Hope they are "well" insured just in case of a "Deep Horizon part II, Revenge is Sweet".

antrobus

sheffield_lad wrote: »

....UK firm IGas says there may be up to 170 trillion cubic feet of gas in the areas it is licensed to explore in northern England....

The BGS report (issued today) says that there is "likely to be some 40 trillion cubic metres (1,300 trillion cubic feet)" of gas in the Bowland Basin up north. So it seems quite possible that IGas has first dibs on 170 trillion cubic feet of it.

https://www.gov.uk/government/news/estimates-of-shale-gas-resource-in-north-of-england-published-alongside-a-package-of-community-benefits

lawriejones1

The answer is the new generation of nuclear reactors. Ignore the nonsense and the misinformation, they are more economical and environmentally secure than ever before.

And before you ask, I live in Bristol and I'm happy for someone to stick one 10 miles away from my house.

lvader

We need multiple energy options and gas is particularly important to us and costs billions in imports.

CLAPTON

antrobus wrote: »

A report here from the US Energy Information Administration (EIA) which says that the UK's "technically recoverable" shale gas reserves amount to some 26 trillion cubic feet.

http://www.dailymail.co.uk/news/article-2339435/UK-s-shale-gas-fuel-country-decade-fracking-got-abysmal-start-US-report-claims.html

Although I'm not that sure why the Americans are interested in how much gas we have.

P.S. The current proposal for the Severn Barrage appears to have died a death, following a pretty comprehensive rejection from the House of Commons' Energy and Climate Change Committee.


http://www.bbc.co.uk/news/uk-wales-politics-22812911

the US EIA was set up in response to the little energy difficulties of 1973 with a remit to gather and analyse energy data world wide.

they publish their data so everyone can access it

Billthebricky

Been seeing this on the news agin yesterday?

They said it could be double what was thought, is that double what they were saying a few weeks ago?

Why is it on the news again now?

thor

lawriejones1 wrote: »

The answer is the new generation of nuclear reactors. Ignore the nonsense and the misinformation, they are more economical and environmentally secure than ever before.

And before you ask, I live in Bristol and I'm happy for someone to stick one 10 miles away from my house.

Is it still economical after paying for plant decommissioning and the long term storage of the nuclear waste though?