ECONOMICS & 'ENERGY SECURITY'
To refute the claim that unconventional extraction is 'in the national interest' : This is Bloomberg last year: Extracting gas from shale in areas such as the Bowland basin in northern England would cost $7.10 to $12.20 per million British thermal units - evidence to a House of Lords committee. The greater cost, because of higher land prices and lack of rigs and infrastructure, is close to the $8-to-$11 range in which U.K. spot prices have traded in the last two years. We should add: This may not include road repairs, nor radioactive waste water treatment plants, and almost certainly doesn't include the policing costs....so the gas, at an optimistic level of cost extraction, could be more expensive to produce than you can sell it for. Bloomberg base all that on UK production only being double USA production costs - they know we (Europe) won't allow radioactive waste water injections back into ground to get rid of waste, nor open pits.. so different infrastructure is needed. Other analysts say it could be x5 more expensive in the UK. i.e. a really bad idea to drill... Don't even start. If they go bust, what are we left with?
Cuadrilla PR man admits George Osborne's shale gas revolution won’t cut energy bills http://www.independent.co.uk/environment/green-living/cuadrilla-pr-man-admits-george-osbornes-shale-gas-revolution-wont-cut-energy-bills-8656246.html
The View from Europe: America’s Shale Boom Looks More Like a Blip http://www.desmogblog.com/2014/03/04/view-europe-america-s-shale-boom-looks-more-blip
The NEF blog - Why I'm Against fracking http://www.neweconomics.org/blog/entry/why-im-against-fracking
Letter from Banker to the Financial Times http://liberalconspiracy.org/2013/08/12/banker-destroys-argument-for-shale-gas-in-a-short-letter/
Article by Natalie Bennett, leader of the Green Party http://www.leftfootforward.org/2013/08/the-british-public-can-see-fracking-is-no-answer/
Shale gas expert David Hughes debunks minister’s math http://commonsensecanadian.ca/VIDEO-detail/bc-lng-shale-gas-expert-david-hughes-debunk-minister-coleman-math/
Taxpayers to pay for fracking pollution if companies go bust http://www.theguardian.com/environment/2013/dec/11/taxpayers-fracking-pollution-companies
Dashed hopes of cheap gas as fracking giant Cuadrilla scales back http://www.express.co.uk/news/uk/456251/Dashed-hopes-of-cheap-gas-as-fracking-giant-Cuadrilla-scales-back#.UuWwMY7sNTQ.facebook
“The prime minister promised one of the most stringent regulatory regimes for fracking in the world but his government appears more interested in tax cuts than managing risk. It really doesn’t matter if you are pro or anti fracking, this proposal would simply ensure that when things do go wrong shareholders, not taxpayers bear the cost for cleanup if companies go bust or cease trading. If government’s response boils down to concerns over cost of insurance it sheds an interesting light on just how safe they really think the technology is.”
EU plan for fracking law threatens UK's shale gas boom http://www.telegraph.co.uk/news/politics/10518120/New-EU-fracking-law-plan-threatens-Britains-shale-gas-boom.html
http://www.ft.com/cms/s/0/e964a8a6-2c38-11e3-8b20-00144feab7de.html#axzz2nTtDYpL9
Lord Browne: fracking will not reduce UK gas prices http://www.theguardian.com/environment/2013/nov/29/browne-fracking-not-reduce-uk-gas-prices-shale-energy-bills
The Fracking Chickens Are Coming Home To Roost http://cleantechnica.com/2013/08/20/the-fracking-chickens-are-coming-home-to-roost/
Fracking boom could lead to housing bust http://grist.org/climate-energy/fracking-boom-could-lead-to-housing-bust/?utm_source=syndication&utm_medium=rss&utm_campaign=feed
Who will pay the costs of the fracking revolution? http://www.theecologist.org/blogs_and_comments/commentators/2216992/who_will_pay_the_costs_of_the_fracking_revolution.html
Fracking Wells Abandoned in Boom/Bust Cycle. Who Will Pay to Cap Them? http://climatecrocks.com/2014/01/04/fracking-wells-abandoned-in-boombust-cycle-who-will-pay-to-cap-them/
Ohio fracking boom has not brought jobs http://grist.org/news/ohio-fracking-boom-has-not-brought-jobs/
UK shale industry claims it could create over 60,000 jobs http://www.euractiv.com/sections/energy/uk-shale-industry-claims-it-could-create-over-60000-jobs-301753
Fracking Nonsense: The Job Myth of Gas Drilling
http://www.cepr.net/index.php/blogs/cepr-blog/fracking-nonsense-the-job-myth-of-gas-drilling