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the frack thread
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PS_RalphW



Joined: 24 Nov 2005
Posts: 5404
Location: Cambridge

PostPosted: Sat Oct 27, 2018 8:51 pm    Post subject: Reply with quote

Fracking temporarily suspended for third time as micro quakes are triggered. I expect the government to relax the regulations in the next few days on the intensity of quake which requires fracking to stop.

a 0.8 quake is about the same as a car passing 100m away (my guess). Previously a 4.0 (?) quake was triggered, which is about a heavy truck at 10 metres (again, my guess)

These small quakes seem like the least significant reason to halt fracking, but I can think of far more important reasons that this government runs rough-shod over.
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fuzzy



Joined: 29 Nov 2013
Posts: 804
Location: The Marches, UK

PostPosted: Sat Oct 27, 2018 9:57 pm    Post subject: Reply with quote

We had a 4 quake in Leicestershire about 8 years ago and there was the odd bit of building damage - tiles etc. I was lying down at the time and the bed definitely shook [not due to my efforts!]

OK 16 years ago:

https://www.dailymail.co.uk/news/article-139475/Earthquake-shakes-Britain.html
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RenewableCandy



Joined: 12 Sep 2007
Posts: 12629
Location: York

PostPosted: Thu Nov 01, 2018 4:14 pm    Post subject: Reply with quote

I think there's been one since: Market Weighton, 2007 or 8 or 9, can't remember. It was in the middle of the night - the evening had been windy but the night was still. The quake woke me, I thought it was wind buffeting our house (the bedroom faces west), till I realised how quiet it was.
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PS_RalphW



Joined: 24 Nov 2005
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PostPosted: Fri Nov 02, 2018 10:30 am    Post subject: Reply with quote

I felt a quake in Worcestershire back in the 1980s. About 6am, it woke me because things were rattling on the shelves.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1675

PostPosted: Thu Dec 20, 2018 7:25 pm    Post subject: Reply with quote

Naked Capitalism: Fracking in 2018: Another Year of Pretending to Make Money

Includes this gem:
Quote:
However, Reuters recently analyzed 32 fracking companies and declared that “U.S. shale firms are more profitable than ever after a strong third quarter.” How is this possible?

Reading a bit further reveals what Reuters considers “profits.”

“The group’s cash flow deficit has narrowed to $945 million as U.S.benchmark crude hit $70 a barrel and production soared,” reported Reuters.


The delusion is getting ever more palpable - particularly now with slumping oil prices coupled with the Fed raising rates incrementally
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emordnilap



Joined: 05 Sep 2007
Posts: 14344
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Fri Dec 21, 2018 11:01 am    Post subject: Reply with quote

And there’s all this talk of the US being a major oil producer, Trump’s cawing about the strength of the economy etc. plus unreal debt, most of it in dollars.

A major reset is imminent.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1675

PostPosted: Sat Jan 12, 2019 9:15 pm    Post subject: Reply with quote

emordnilap wrote:
And there’s all this talk of the US being a major oil producer, Trump’s cawing about the strength of the economy etc. plus unreal debt, most of it in dollars.

A major reset is imminent.


Chris Martenson agrees with you on that:

Chris Martenson wrote:
Beyond the significance of not having an energy strategy, there’s the more immediate predicament of how a nation up to its armpits in debt, and sinking rapidly, is going to fare when the great output boom stops and then heads into reverse.

High levels of debt and rising energy costs are a terrible combination.

We’re placing that collision within the next three years. Are you prepared for that?

As things stand, the US will blunder into that new era completely unprepared, as one might expect for a nation in decline.


Peak Prospertity: The Shale Oil Revolution Actually Reflects a Nation in Decline
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emordnilap



Joined: 05 Sep 2007
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Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Sat Jan 12, 2019 10:14 pm    Post subject: Reply with quote

Lovely. Look forward to that.
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