Monday Moaning

The Fracking Truth

Hydraulic Fracturing, or Fracking, has raised hopes, promised riches and seen as the highly needed source of new fossil fuels.

America has been blinded to the truths of fracking. England’s David Cameron is pushing the cart as Britain’s solution.

Billions of barrels, just waiting to be plundered.

But wait, check out this story.

Write-down of two-thirds of US shale oil explodes fracking myth

Industry’s over-inflated reserve estimates are unravelling, and with it the ‘American dream’ of oil independence
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Next month, the US Energy Information Administration (EIA) will publish a new estimate of US shale deposits set to deal a death-blow to industry hype about a new golden era of US energy independence by fracking unconventional oil and gas.

EIA officials told the Los Angeles Times that previous estimates of recoverable oil in the Monterey shale reserves in California of about 15.4 billion barrels were vastly overstated. The revised estimate, they said, will slash this amount by 96% to a puny 600 million barrels of oil.

Wow, so that’s one myth about to be busted.

UK looks to boost fracking with new land access rules

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The UK government has proposed new rules regarding rights to access land in a bid to speed up the introduction of fracking.

It proposes that shale oil and gas companies are granted access to land below 300m from the surface.

David Cameron’s myopic views as he pushes fracking as the solution to Britain’s woes.

The majority in Britain are opposed to fracking. There have been strong anti-fracking protests at Balcombe, West Sussex, against test-drilling which opened the eyes of the British people.

The effects of fracking include, polluting underground water supplies, mini (at the moment) earthquakes and methane in local water supplies. But the politicians are turning a blind eye to all this as they see riches dancing before their eyes.

Honestly, the verve with which politicians are pursuing this fracking is pathetic.

The people’s voices must be heard.

 

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