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

grizzly1911

Billthebricky wrote: »

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?

Something tells me they haven't got as scooby and it could be massive, it could be a damp squib. Could be easy could be very expensive not just to extract but in collateral damage.

Oil in Kimmeridge and Lincoln anyone.

Heard a guy on the radio talking up fracking (using what sounded like staged questions) and citing an existing well at Elswick as proof it didn't cause problems. No wonder really if this is true:-

http://www.indymedia.org.uk/en/2011/09/484802.html

One thing is certain Joe Public will see little direct benefit.

System

grizzly1911 wrote: »

One thing is certain Joe Public will see little direct benefit.

They want to pay some of the profits to "the local community".

Ha ha. That means corrupt local politicians for them to waste on pet projects. It certainly doesn't mean handing out cash to local residents.

Hoopie1

I saw a presentation from this gentleman last week on shale: http://www.city.ac.uk/research/spotlight/Research-outcomes/law/professor-alan-riley

He said he was a huge shale sceptic but is converted. He made a pretty convincing case that it is likely to revolutionise geopolitics worldwide. I can't really be bothered to go through the details here but it was a fascinating presenation and hugely enlightening.

demystified

^ Amazing how expensive plush presentations from so-called reformed sceptics can sway people eh? I wonder how long and how publicised his so called scepticism was? I wonder who paid for it? Bet it wasn't Friends of the Earth.

kabayiri wrote: »

What is really annoying is that this source of 'free energy' (wind and tidal etc) is often quite remote from where people actually choose to live. (People can be so selfish).

When you build miles and miles of pylons to cart this energy across Monmouthshire, as an example, then the protesters are out in force again, complaining about our spoiling of the countryside!

...you just can't win

Different set of protesters. These are rich, tory-voting, climate-change-denying nimby's this time.

OffGridLiving

I read an Energy trade paper today that mentioned that UK shale gas is much more difficult and therefore more costly to extract than in the US because the shale layer is very fragmented (this same issue is also prevalent in Europe).

Hoopie1

demystified wrote: »

^ Amazing how expensive plush presentations from so-called reformed sceptics can sway people eh? I wonder how long and how publicised his so called scepticism was? I wonder who paid for it? Bet it wasn't Friends of the Earth.

1) The presentation didn't appear particularly expensive, but did contain some compelling evidence.
2) Don't know.
3) Who paid for the presentation? The IECA, hardly the biggest-hitting group of all time, and not one with a vested interest, strangely enough.

antrobus

OffGridLiving wrote: »

I read an Energy trade paper today that mentioned that UK shale gas is much more difficult and therefore more costly to extract than in the US because the shale layer is very fragmented (this same issue is also prevalent in Europe).

Although the Germans claim that they've been fracking since 1955.

http://www.naturalgaseurope.com/germanys-advancing-shale-plays-3581