No more Fracking gas

[nod]

We took a chance in buying two plots Les than a mile from a Fracking site in Lancashire Both 2 kilometer holes are about to be filled with concrete 

Is this the end for Fracking in the Uk 

[markc]

I reckon it will go ahead sometime in the future when people realise that this would give us access to a lot of low cost gas and the alternatives are not working out.

[nod]

12 minutes ago, markc said:

I reckon it will go ahead sometime in the future when people realise that this would give us access to a lot of low cost gas and the alternatives are not working out.

A small matter of several earthquakes has put pay to it starting up again 

[Gus Potter]

Up in Jockland here we have apparently sold off the wind rights to the sea bed for £700 million for off shore wind turbines.. and you think you have worries! 

 

For all.. who live south of say the border line on the map. Remember that although some in the southern end of our Island may want to get rid of the Scots..  the UK will lose about a third of the land mass if the "difficult" Scots bail out, and a huge area of current UK waters! Also, it could no longer be Great Britain as it will be "Smaller Britain" if that.

 

Worth a thought.

 

Fracking is another option but in the short term we need to be extracting as much as we can from the current assets we have to prevent short term volativity and fuel poverty.

 

We have some complete bammers up here in the "Scottish Parliament" (glorified town council) .. so for BH members down south.. you may complain but try living up here.

 

 

 

 

 

 

 

 

 

 

Edited February 11, 2022 by Gus Potter

[SimonD]

7 hours ago, Gus Potter said:

Fracking is another option but in the short term we need to be extracting as much as we can from the current assets we have to prevent short term volativity and fuel poverty.

 

What is perverse about this is that the UK privatised north sea oil and gas and we're actually exporting gas right now. Because of the financial arrangements the government has with the oil conglomerates, we don't even benefit finanically from this natural resource. Norway at least has a much better long term strategy by investing its returns into a national wealth fund. All we've done since we found our resources in the north sea is squander it and sell it off for short term one off payments while at the same time paying large subsidies to bank roll decommissioning etc.

 

The volatility and fuel poverty we're experiencing is fundamentally down to poor policy, short termism, value extraction, etc. not fuel and energy resource. Further extraction won't benefit the larger population at all, certainly not long term.

[SteamyTea]

45 minutes ago, SimonD said:

Norway at least has a much better long term strategy by investing its returns into a national wealth fund

Not sold on that argument, works well for countries with a small population.

 

But this was on the radio the other day, was about the Norwegian oil industry.

https://www.bbc.co.uk/programmes/m0012s9s

[joe90]

8 hours ago, Gus Potter said:

For all.. who live south of say the border line on the map. Remember that although some in the southern end of our Island may want to get rid of the Scots..  the UK will lose about a third of the land mass if the "difficult" Scots bail out, and a huge area of current UK waters! Also, it could no longer be Great Britain as it will be "Smaller Britain" if that.

I fir one am not against the Scots and think Great Britain is better as a whole, I think it’s (some) Scots who want out of the UK and despite a referendum keep on about it, on and on.

[SteamyTea]

Just now, joe90 said:

I fir one am not against the Scots and think Great Britain is better as a whole

Used to be called Imperialism.

 

[markc]

Just now, joe90 said:

I fir one am not against the Scots and think Great Britain is better as a whole, I think it’s (some) Scots who want out of the UK and despite a referendum keep on about it, on and on.

Agreed

[SimonD]

1 hour ago, SteamyTea said:

Not sold on that argument, works well for countries with a small population.

 

Do you possess any evidence to suggest it wouldn't work for countries with larger populations, and particularly re a nation benefiting financially from its natural resources and reinvesting that benefit back into the nation for its population and economic health? Oh, actually that concept sounds rather Keynesian, doesn't it? Maybe you sit on the classical side in your view?

Edited February 11, 2022 by SimonD

[markc]

5 minutes ago, SimonD said:

 

Do you possess any evidence to suggest it wouldn't work for countries with larger populations, and particularly re a nation benefiting financially from its natural resources and reinvesting that benefit back into the nation for its population and economic health? Oh, actually that concept sounds rather Keynesian, doesn't it? Maybe you sit on the classical side in your view?

A country or nation using its resources to benefit it own people?

how dare you ?

next you will be suggesting politicians and governments should do the best for the people too.

[SimonD]

15 minutes ago, markc said:

how dare you ?

 

I know, I should hang my head in shame

[SteamyTea]

30 minutes ago, SimonD said:

Maybe you sit on the classical side in your view?

I tend to.

Tried and tested.

But we did invest the cash, made the UK one of the world's biggest investors in overseas.