Give us a fracking break!

[London424]

DJRC said:

stevejh said:

London424 said:

I think Caudrilla are the main company in the picture at the moment.

Tought this was interesting reading.

http://www.guardian.co.uk/business/economics-blog/...

A good article although most of the comments seem to be typical Guardian reader.

An interesting post on Bishop Hill about the impact of gas wells on the landscape in comparison with wind turbines.

http://www.bishop-hill.net/blog/2013/7/21/energy-i...

Yes, very good, blah, blah, blah.

Now, can we answer the bloody question...can we buy shares in any of these bds or not? I dont want cheaper energy or reduced bills or whatever...I want to make some fking money out of them! If this country stopped getting its frigging knickers in a twist about energy bills that increased a whole £20 a month over the last 5 yrs and instead concentrated on trying to make some sodding money out of an industry where the rewards means you could be making thousands a yr as a shareholder we might, just might, maybe GET OURSELVES OUT OF THE PISSING st!

So, can I buy shares in Cuadrilla or any of the other bds or not?

Caudrilla is privately owned, so no. I haven't looked into other companies yet, but I'm sure there will be some small operators looking to get in on this.

[hollydog]

Because it is more than likely to be a power company that takes advantage of this. The power companies already told us that our bills have gone up to cover exploration. Now there getting tax incentives as well. Pi-- is boiling. Uk is so good at giving stuff away.

[Oakey]

Your energy bills have gone up to pay those people who can afford to stick solar panels on their roof and feed it back into the grid at 41p per kilowatt. Amongst other things.

[mondeoman]

hollydog said:

Because it is more than likely to be a power company that takes advantage of this. The power companies already told us that our bills have gone up to cover exploration. Now there getting tax incentives as well. Pi-- is boiling. Uk is so good at giving stuff away.

What??

Bills are up to pay for stupid offshore windfarms, solar panels on roofs and land-owners pension funds and other equally ridiculous and stupid CO2 reduction "costs", all with the intent of making us the most costly country to do business in and to drive us back to the stone age.

They've go fk-all to do with exploration - none of the power supply companies, as far as I am aware, have anything to do with gas and oil exploration/drilling/refining/transportation.

Again, what, EXACTLY, has been "given away"?

[DJRC]

IainT said:

DJRC said:

If this country stopped getting its frigging knickers in a twist about energy bills that increased a whole £20 a month over the last 5 yrs a

£20/mo = £240/year.

Not a lot to us PH company director types but, to hard working, low wage families it's a real kicker...

? Seriously? Seriously? fkING SERIOUSLY??? REALLY?????????????????

This industry is set to make HUNDREDS OF BILLIONS OF POUNDS over the next...well pick a frigging time frame of your choice. And you think the population of GB as a whole would all be better off worrying about £20 a month extra instead of investing £50 a month somehow into this mob and partaking of the whopping increase in share prices and dividends that are going to happen?

And lets get this right...they ARE going to happen, one way or another. The only question that needs to be asked is how you can benefit from it.

The country as a whole will benefit so vastly much more by trying to invest in and partake of the finances of this industry than by just caring about saving a little bit each month and ignoring the profits and letting the normal big boys hoover them up.

We really are too bloody small minded to deserve better at times.

[Oakey]

http://www.blackpoolgazette.co.uk/news/business/lo...

[IainT]

DJRC said:

IainT said:

DJRC said:

If this country stopped getting its frigging knickers in a twist about energy bills that increased a whole £20 a month over the last 5 yrs a

£20/mo = £240/year.

Not a lot to us PH company director types but, to hard working, low wage families it's a real kicker...

? Seriously? Seriously? fkING SERIOUSLY??? REALLY?????????????????

Really, seriously. Your whole point seemed to be about how trivial £20 a month is and how you personally could take advantage of the 'dash for gas' to personally get rich.

Apologies if what you actually meant was "how can the whole country make money from this thus reducing spending deficit and tax burdens?"...

Seriously though - this does look like a great opportunity to see a good return on investment for those of us fortunate enough to be able to do so. Sadly for the majority of the population their limited income and limited exposure to such opportunities mean this is only ever going to benefit the already wealthy minority.

Lower fuel costs is a potentially massive benefit to the majority as well as having the mahoosive knock-on effect of effectively reducing the costs and increasing competitiveness of UK businesses.

[andymadmak]

Oakey said:

http://www.blackpoolgazette.co.uk/news/business/lo...

Only 200 people protested? I wonder how many were actually residents and how many were environmentalists from further afield.... Either way, I would have expected the numbers to be somewhat greater if there were widespread objections to fracking in the North West

[Oakey]

The comments are usually a good sign of who the protestors are. You get a lot of posts from the anti-fracking lot along the lines of "Because there's a huge requirement for people in the drilling industry in Blackpool, isn't there? lol!" which, if they were local, they'd know very well there's quite a large demand for such workers, what with being a hub to the rigs for god knows how many decades. I have quite a few friends who work for the likes of Subsea7 and my father was a helicopter navigator for Bonds back in the 80s. Ignorant s.

[Terminator X]

London424 said:

I'd rather 30% of profit, rather than subsidising green energy projects. In turn, you would expect energy bills to go down as well.

Lol do you really think so I suspect they may just keep the extra profit.

TX.

[hidetheelephants]

Be prepared for it to get worse; lackwit propagandist and arch fabricator Josh Fox has released the sequel to 'Gasland', the documentary that brought you flaming taps(but failed to explain they were flaming long before fracking occurred); the imaginatively named 'Gasland part II' presumably contains similar levels of sleight of hand and whopper-telling, but no doubt the luddites and watermelons will lap it up.

[Art0ir]

DJRC said:

? Seriously? Seriously? fkING SERIOUSLY??? REALLY?????????????????

This industry is set to make HUNDREDS OF BILLIONS OF POUNDS over the next...well pick a frigging time frame of your choice. And you think the population of GB as a whole would all be better off worrying about £20 a month extra instead of investing £50 a month somehow into this mob and partaking of the whopping increase in share prices and dividends that are going to happen?

And lets get this right...they ARE going to happen, one way or another. The only question that needs to be asked is how you can benefit from it.

The country as a whole will benefit so vastly much more by trying to invest in and partake of the finances of this industry than by just caring about saving a little bit each month and ignoring the profits and letting the normal big boys hoover them up.

We really are too bloody small minded to deserve better at times.

That's a bit short sighted. As mentioned, for those of us that can afford to put money into pet projects, I'm game. But for the UK economy, lower fuel prices would do much more to put money in the pockets of everyone which in turn is good news for business.

[AnonSpoilSport]

DJRC said:

And lets get this right...they ARE going to happen, one way or another.

We really are too bloody small minded to deserve better at times.

Have you spoken to Ed Davey about that?

[mondeoman]

Ed Davey wont be around forever.

If/when Labour get in, you can bet you're bottom dollar that the Trade Unions position will change drastically and fracking will commence, once they've figured out how to make money out of it for themselves.

[AnonSpoilSport]

mondeoman said:

Ed Davey wont be around forever.

If/when Labour get in, you can bet you're bottom dollar that the Trade Unions position will change drastically and fracking will commence, once they've figured out how to make money out of it for themselves.

I'd like to think you were right, but doubt it. The 'left' have bought this lunatic agenda even more than Camerclown.

On top of which, imagine a Lab-Lib coalition govt. next time with Davey sensibly (sic) heading the department. I shudder at the prospect. We'll be done by 2030 with his bright ideas in place.

[Blib]

I fear that any exploratory wells will become battle grounds. As will council meetings to discuss licences.

This is not going to be pretty.

[Blib]

As I posted above. The first of many?

"Anti-fracking protesters halt Sussex shale gas operation
Activists in Balcombe block lorry carrying equipment for drilling operation that is due to start next week"

http://www.guardian.co.uk/environment/2013/jul/25/...

Article said:

Anti-fracking protesters have halted a controversial shale gas operation in the home counties, chaining arms to prevent the arrival of essential drill parts.

The energy giant Cuadrilla was stopped early on Thursday morning from bringing equipment on to the rural site near the village of Balcombe.

A group of around a dozen protesters succeeded in blocking the lorry. They wrapped yellow and black crime scene tape around the equipment and hung on it a banner that read "no more dirty energy".

The action comes a week after the chancellor, George Osborne, announced major tax breaks for companies extracting shale gas. The rate will be lowered to 30% on profits from the controversial operations compared with more than 60% on North Sea oil.

The Balcombe anti-fracking group has been campaigning against the possibility of fracking in the area for well over a year. They fear pollution from gas flaring, disruption from lorries carrying fracturing liquids through the village and the possible pollution of local water courses.

[Einion Yrth]

HHGTTG said:

MISTER PROSSER:
Mister Dent!

ARTHUR DENT:
Yes. Hello.

MISTER PROSSER:
Have you any idea how much damage that bulldozer would suffer if I just let it roll straight over you?

ARTHUR DENT:
How much?

MISTER PROSSER:
None at all!

[mondeoman]

Blib said:

As I posted above. The first of many?

Article said:

A group of around a dozen protesters succeeded in blocking the lorry. They wrapped yellow and black crime scene tape around the equipment and hung on it a banner that read "no more dirty energy".

Can I disconnect them from the grid then, as there is no such thing as "clean" energy. tts.

[hidetheelephants]

Cuadrilla an energy giant? The Grauniad nailing its colours to the mast; an energy pixie would be more accurate. Meanwhile along the road in Dorset, in Europe's largest onshore oil field, birds twittered and nothing stirred(except the nodding donkey).