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the frack thread
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1592

PostPosted: Wed Mar 30, 2016 7:11 pm    Post subject: Reply with quote

Resilience: Death of a Shale Gas Salesman

Quote:
His controversial rise in the fracking world and his violent end mirrored the volatile and often destructive character of the North American shale gas gamble. He symbolized the excesses of the shale gas industry and its brute force accomplice, hydraulic fracturing.

The high-energy, optimistic entrepreneur gambled everything in the bust-and-boom casino of unconventional, high-risk hydrocarbons. For a short time, he outran the looming realities of a growing debt load, bad land deals and an underperforming technology.

But ultimately, debt -- all that money borrowed for risky shale gas gambles -- threw the former accountant and landman into the middle of a Shakespearean tragedy with the usual ingredients of ambition, greed and waste.

McClendon lived the American dream long enough to encounter its sister nightmare. He seized an opportunity, conquered nature and gained and lost a fortune.

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adam2
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Joined: 02 Jul 2007
Posts: 6599
Location: North Somerset

PostPosted: Mon May 23, 2016 8:05 pm    Post subject: Reply with quote

Fracking approved in council vote

http://www.bbc.co.uk/news/uk-england-york-north-yorkshire-36356245
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clv101
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Joined: 24 Nov 2005
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PostPosted: Mon May 23, 2016 8:28 pm    Post subject: Reply with quote

More disappointing than that, the BBC didn't mention climate change! Shocked
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woodburner



Joined: 06 Apr 2009
Posts: 3705

PostPosted: Mon May 23, 2016 9:31 pm    Post subject: Reply with quote

Quote:
"We will have to deliver on our commitment, made to the committee and to the people of Ryedale, to undertake this operation safely and without impacting on the local environment,"


There you are you see? Nothing to worry about Twisted Evil
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emordnilap



Joined: 05 Sep 2007
Posts: 14085
Location: Houǝsʇlʎ' ᴉʇ,s ɹǝɐllʎ uoʇ ʍoɹʇɥ ʇɥǝ ǝɟɟoɹʇ' pou,ʇ ǝʌǝu qoʇɥǝɹ˙

PostPosted: Tue May 24, 2016 10:56 am    Post subject: Reply with quote

adam2 wrote:
Fracking approved in council vote

http://www.bbc.co.uk/news/uk-england-york-north-yorkshire-36356245


Nobbled.
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biffvernon



Joined: 24 Nov 2005
Posts: 18546
Location: Lincolnshire

PostPosted: Tue May 24, 2016 9:43 pm    Post subject: Reply with quote

Petitions

https://actions.sumofus.org/a/third-energy-don-t-frack-ryedale

https://www.foe.co.uk/node/100747/
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1592

PostPosted: Mon Jun 06, 2016 5:35 pm    Post subject: Reply with quote

Good news from Scotland:

Oil Price: Scotland bans fracking, forever

You do have to wonder what planet some politicians originated from

Quote:
Maurice Golden, a newly elected member of parliament for the Conservative party, argued in favor of fracking, and said the leftwing cabal of the three united liberal parties had been ignoring scientific evidence regarding the practice, which, if allowed, would add jobs and boost the economy


There appears to be daylight between Maurice Golden's ears
Evil or Very Mad
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woodburner



Joined: 06 Apr 2009
Posts: 3705

PostPosted: Mon Jun 06, 2016 8:14 pm    Post subject: Reply with quote

For how long do half witted idiots like Golden, (and Cameron, Osbourne and many other half wits) think the economy can "grow"? The UK is over populated, and has a deficit of about half the food that's needed. The longer time there is before the crash, the greater the impact will be.
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raspberry-blower



Joined: 14 Mar 2009
Posts: 1592

PostPosted: Mon Jun 06, 2016 9:59 pm    Post subject: Reply with quote

woodburner wrote:
For how long do half witted idiots like Golden, (and Cameron, Osbourne and many other half wits) think the economy can "grow"?


Forever. Because they actually BELIEVE in Mainstream economists who spout this drivel. Even though economics has been debunked as it is based on numerous assumptions that have been disproved. But they don't want to shatter the illusion...
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woodburner



Joined: 06 Apr 2009
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PostPosted: Mon Jun 06, 2016 10:32 pm    Post subject: Reply with quote

They (and most other people) chant "we have to build more houses and grow more food to feed a growing population".

No you haven't you idiot. What you have to do is address the problem and sort out the population growth. If you don't, matters will be taken out of your hands and the pain will be unimaginable, and there will be no ecosystems left to allow humans a sustainable existence.

(I can dream can't I?}
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PS_RalphW



Joined: 24 Nov 2005
Posts: 5370
Location: Cambridge

PostPosted: Sun Aug 07, 2016 7:11 am    Post subject: Reply with quote

http://www.bbc.co.uk/news/uk-37000975

May is showing her colours as firmly in the pocket of the corporations like her predecessor, with a touch of Thatcherite 'capitalism for the people' otherwise known as straight bribes to to acquiesce to environmental vandalism.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4664
Location: New England ,Chelsea Vermont

PostPosted: Sun Aug 07, 2016 9:08 am    Post subject: Reply with quote

raspberry-blower wrote:
Good news from Scotland:

Oil Price: Scotland bans fracking, forever


Forever is a long time.
A permanent ban is just a piecrust promise. Easy to make and just as easy to break when times get hard.
To avoid fracking long term they need to put into place cleaner alternatives that are actually meeting the needs of the people.
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johnhemming2



Joined: 30 Jun 2015
Posts: 2163

PostPosted: Sun Aug 07, 2016 9:43 am    Post subject: Reply with quote

The scottish government does not really have to worry about the Scottish gross budget as that is really set at the UK level. Hence they can always whinge about the UK government.
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PS_RalphW



Joined: 24 Nov 2005
Posts: 5370
Location: Cambridge

PostPosted: Fri Sep 23, 2016 12:40 pm    Post subject: Reply with quote

Study links big increase in methane gas emissions to shale fracking in the US

http://www.pnas.org/content/113/35/9734.full

No one is remotely surprised.
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clv101
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Joined: 24 Nov 2005
Posts: 7773

PostPosted: Tue Sep 27, 2016 9:12 pm    Post subject: Reply with quote

Here's a interesting take on fracking in the US:
https://srsroccoreport.com/the-death-of-the-bakken-field-has-begun-big-trouble-for-the-u-s/

Seems both the Bakkan (-25%) and Eagle Ford (-40%) fields are well down from their recent peaks but the real kicker is the economics. Bakkan has had very few net positive cash flow months such that they have managed to cumulate a negative -$32bn over the last seven years!

Quote:
...the U.S. Shale Oil Industry was a house-of-cards. Readers who have been following my work, based on intelligent work of others, understood that Shale Oil is just another Ponzi Scheme in a long list of Ponzi Schemes.

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