Give us a fracking break!

[McWigglebum4th]

Neither

Just a deep seated desire to see bez at PM questions


Preferably with some maracs

[hidetheelephants]

McWigglebum4th said:

Neither

Just a deep seated desire to see bez at PM questions


Preferably with some maracs

[RLve]

HD Adam said:

Hello. Oil Biz person here.

No need for post codes. If you want a rough idea, here's where the Shale is in the UK.

If you live in the Red bit, you're over it but you obviously wouldn't drill right in the middle of Oxford and start Fracking there.



Better make a start soon because once the sanctions start with Russia over the Crimea, we could start getting a bit short of gas

Adam, you seem well informed. What about the potential for a UCG licence in Warwickshire. How likely is it that it will be granted?

[johnfm]

Ed Davey on Radio5 this morning banging the drum for wind power - Siemens investing in turbine manufacture in Hull. He really is an idiot - "wind power must be good as companies are investing in it"

Nothing to do with the subsidies Ed?

Plank

Cui bono, Ed? Cui bono?

[jshell]

http://www.bgs.ac.uk/shalegas/

Worth a look here at the Britsh Geological Society report into shale gas. Quite interesting read!

[Blib]

jshell said:

http://www.bgs.ac.uk/shalegas/

Worth a look here at the Britsh Geological Society report into shale gas. Quite interesting read!

That's just the central part of the country. So, the BGS central estimate for the resource is 1329 tcf. Say we can actually use 10% of that figure. What would that mean to the UK, energy wise?

[jshell]

Blib said:

jshell said:

http://www.bgs.ac.uk/shalegas/

Worth a look here at the Britsh Geological Society report into shale gas. Quite interesting read!

That's just the central part of the country. So, the BGS central estimate for the resource is 1329 tcf. Say we can actually use 10% of that figure. What would that mean to the UK, energy wise?

Happy time?

Now, if we just declare 'Open Season' on the Watermelons...

[hidetheelephants]

jshell said:

Blib said:

jshell said:

http://www.bgs.ac.uk/shalegas/

Worth a look here at the Britsh Geological Society report into shale gas. Quite interesting read!

That's just the central part of the country. So, the BGS central estimate for the resource is 1329 tcf. Say we can actually use 10% of that figure. What would that mean to the UK, energy wise?

Happy time?

Now, if we just declare 'Open Season' on the Watermelons...

Peak north sea gas production was 3.8tcf in 2000. UK peak consumption appears to be 3.5tcf in 2008. I like those numbers.

Edited by hidetheelephants on Monday 31st March 11:50

[Ross1988]

With 10% recoverable. And Annual consumptions given at both the quoted 3.8tcf per year and at 5tcf per year, scaled up for increased consumption

Worst case...

Lower end of the scale @822 tcf and @5tcf annually is 16.4 years, @3.8 its 21 years.

Best case...

Upper end of the scale @2281 tcf and @5tcf annually is 45.6 years, @3.8 tcf it's 60 years.

BGS Central figures...

Central estimate of 1329 tcf @5 tcf annually is 26.6 years, @3.8tcf its 35 years.


Worth it imo opinion. Even 16 years of energy independence could do wonders for our economy. I'd like to think they would invest in nuclear power for base load, so we won't have to rely on other countries supplies

[Blib]

Thanks Ross. And this is just the estimate for the central belt. There are further deposits all over our islands. I seem to remember reading that Southern England has enormous potential too.

[Ross1988]

We'd be stupid not to exploit this. The Greens could really hurt this country if they put governments off from investing this.

I'd play the, energy secure for 20 years while we invest in clean energy for the future card.

Blib, got any estimates for the the other reserves?

I'd love my company to get involved in the wells, but we are much more the processing side unfortunately.

[Blib]

A quick google came up with this, from "The European Resource Centre for Shale Gas, Tight Gas and Coalbed Methane".

site said:

The full size of the UK’s resources is still to be determined. The US Energy Information Administration’s initial estimate is that the UK holds 736 billion cubic metres (26 trillion cubic feet) of technically recoverable shale gas resources

The BGS has not yet released estimates for the Wessex basin, afaiaa.

[AstonZagato]

Surprised that this hasn't made it into the thread:
Queen gives permission for fracking in gardens of Buckingham Palace
(note the date of the article).

[Gogoplata]

http://www.bbc.co.uk/news/uk-england-merseyside-26...

Sounds promising.

[HD Adam]

AstonZagato said:

Surprised that this hasn't made it into the thread:
Queen gives permission for fracking in gardens of Buckingham Palace
(note the date of the article).

You do realise what todays date is, don't you.

Whoosh Parrot for Mr Zagato

[andymadmak]

HD Adam said:

AstonZagato said:

Surprised that this hasn't made it into the thread:
Queen gives permission for fracking in gardens of Buckingham Palace
(note the date of the article).

You do realise what todays date is, don't you.

Whoosh Parrot for Mr Zagato

I think Mr Zagato might see your parrot, and raise you a flock of em..........

[AstonZagato]

andymadmak said:

HD Adam said:

AstonZagato said:

Surprised that this hasn't made it into the thread:
Queen gives permission for fracking in gardens of Buckingham Palace
(note the date of the article).

You do realise what todays date is, don't you.

Whoosh Parrot for Mr Zagato

I think Mr Zagato might see your parrot, and raise you a flock of em..........

ETA - Posted before the midday deadline too.

Edited by AstonZagato on Tuesday 1st April 14:21

[santona1937]

IMHO unfortunately what will happen is that during the 21-50 years of energy production by fracking the gouvinmint will not be able to make any decision about developing other forms of energy , like Nuclear, and the UK will end up exactly where it started, with high energy bills and a dependence on imported fuel.
IT is beyond me why the UK cannot develop a worthwhile nuclear energy system.

[The Don of Croy]

santona1937 said:

...the gouvinmint will not be able to make any decision about developing other forms of energy , like Nuclear...

I think what happens is, when a windfall like North Sea Gas or perhaps mainland fracking comes along, the UK Gov gets all complacent and lazy.

It tends to buy a few boats for the navy, some shiny darts for the RAF, some pop guns and bullets for the generals, then gently hoses down the potential voting groups with subsidies/benefits that always balloon in cost and beget massive further debt way into the future.

By which time the spendthrift tit has gone and we're left with insufficient energy supplies. Again.

Maybe a sovereign wealth fund this time around would work better for UK PLC?

[Apache]

santona1937 said:

IMHO unfortunately what will happen is that during the 21-50 years of energy production by fracking the gouvinmint will not be able to make any decision about developing other forms of energy , like Nuclear, and the UK will end up exactly where it started, with high energy bills and a dependence on imported fuel.
IT is beyond me why the UK cannot develop a worthwhile nuclear energy system.

A very good question, it can't all be laid at the door of the Greens can it? or could it be more to do with a lot of money invested in the green industry by a lot of decision makers?