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Fracking Employment

From the Financial Times 16 October 2013

AMEC forecast just 15,900 to 24,300 nationwide - direct & indirect

Jobs would typically be short term, at between four and nine years

Only 17% of jobs so far have gone to local people

Rubbish!

Looking for misinformation, scaremongering, lies or stupidity?

It's all on this website (but only on this one post ) featuring the Reverend Mike Roberts.

(Oops - there's more! )

Here though is our favourite Reverend Roberts quote of all time - published in the Lancashire Evening Post on 5th August 2015

"If you dare oppose fracking you will get nastiness and harassment whether on social media, or face-to-face"

Yes you!
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Ken Cronin doth protest too much methinks

The BBC reported this week that Greater Manchester’s Police and Crime Commissioner, Tony Lloyd, had made the perfectly reasonable point that shale gas exploration firms should pay a levy towards the cost of policing anti-fracking protests, because they stand to make “huge sums of money” out of their work. (Of course the question of whether the police are needed there is such huge numbers is an other issue entirely)

“Since they’ll be making big bucks, they [should] put something back into the kitty,” he said.

The BBC continued

Ken Cronin, of the UK Onshore Operators Group (UKOOG), said a levy would set a “worrying precedent”.

The chief executive of UKOOG, a representative body for the UK onshore oil and gas industry, said it would constitute paying the costs of police protection from individuals who were preventing them going about their lawful and permitted business.

He said: “Like all business sectors the onshore oil and gas industry pays tax and in the case of onshore oil and gas this is currently set at 62%.

Of course technically Mr Cronin is right – the default rate is 62%, but surely he can’t fail to be aware that George Osborne’s Autumn Statement carried the following good news for the frackers

The Autumn Statement said the UK shale gas tax regime would be “the most competitive in Europe” and would also have an “effective tax rate for shale gas projects lower than in the US”.

The new tax breaks are structured so that when a shale gas firm starts making taxable profits from selling gas, it will be taxed at 30 per cent rather than the usual 62 per cent. The allowance lasts until such a time as their taxable profits equal 75 per cent of money spent developing project.

So for a project costing £100 million, a company would be eligible for the reduced rate for their first £75m of taxable profits – saving them £24m.

Now, given that huge handout of which he is obviously aware, is this really the best Mr Croning’s can do? Is this his best response to the idea that the frackers should cough up some of their profits to pay for policing the legitimate protests which result from their invasion (and which is really only an extension of the “the polluter pays” principle)? If so they are on very shaky ground, and I am not talking about earth tremors here.

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Who's fault?

"What you have to be able to do when you decide you want to hydraulic fracture is make sure there are no faults in the area. That's really very very important"

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Fracking the UK
Fracking The UK

Fracking the UK Volumes I and II now available free from this site

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Yes the industry hated the first volume that much :-)

Both volumes now available as free downloads from this site Click here to download

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