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Related: About this forumUK's shale gas revolution falls flat with just 11 new wells planned for 2015
UK's shale gas revolution falls flat with just 11 new wells planned for 2015
The UK governments planned shale gas revolution has barely got out of the starting blocks with just 11 new exploratory wells for shale gas and oil due to be drilled this year even before the impact of plunging oil prices has fully begun to impact on the industry.
David Cameron has said the government is going all out for shale but just a handful of new wells are in line to be created in 2015 and just nine wells eight new and one existing have been announced as candidates for fracking.
Professor Jim Watson, research director at the UK Energy Research Centre and author of a recent report on the potential for shale gas in the UK, said that statements by politicians on shale gass potential had been speculative.
Given the low number of wells that have been drilled in the UK, and the very low level of experience of shale gas production here, it is far too early to say how much shale gas could be produced.... The prime ministers statement that shale could provide gas for the UK perhaps for as long as 30 years is therefore very speculative and optimistic, said Watson.
The UK governments planned shale gas revolution has barely got out of the starting blocks with just 11 new exploratory wells for shale gas and oil due to be drilled this year even before the impact of plunging oil prices has fully begun to impact on the industry.
David Cameron has said the government is going all out for shale but just a handful of new wells are in line to be created in 2015 and just nine wells eight new and one existing have been announced as candidates for fracking.
Professor Jim Watson, research director at the UK Energy Research Centre and author of a recent report on the potential for shale gas in the UK, said that statements by politicians on shale gass potential had been speculative.
Given the low number of wells that have been drilled in the UK, and the very low level of experience of shale gas production here, it is far too early to say how much shale gas could be produced.... The prime ministers statement that shale could provide gas for the UK perhaps for as long as 30 years is therefore very speculative and optimistic, said Watson.
Let's pray that American fracking follows this trend in the years to come...
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UK's shale gas revolution falls flat with just 11 new wells planned for 2015 (Original Post)
GliderGuider
Jan 2015
OP
NickB79
(19,257 posts)1. Depends on what happens with Russia in the next year
If they keep threatening to curtail gas flow to Europe, fracking may be pushed through simply as an economic protection policy.
tech3149
(4,452 posts)2. Fracking is and has always been the utimate scam
My favorite analogy is shaking up a soda can and poking it with a steel straw. You get this tremendous gusher of output but it's a flash in the pan. It can't be sustained without continuously shaking the can(more money, more drilling) and that is the scam being sold to investors.
To the people who matter, those with money, the only thing that matters is return on investment. Time is showing that there is no future in this madness and are walking away from it.
GliderGuider
(21,088 posts)3. With the price of oil tanking, the ROI ain't so hot.
That's what gives me some hope that the US shale gas and tight oil ventures will shortly crash and burn.