Endorsements

"probably the most prolific anti frack website in the UK"
- Ken Wilkinson - prominent pro-fracking activist and industry supporter (Yes we know , he doesn't know what "prolific" means does he)

Private Eye

Defend Localism!

Take the advice of Greg Clark, ex-Secretary of State for the Department for Communities and Local Government

Greg Clark

"Those who are prepared to organise to be more effective and more efficient should be able to reap substantially the rewards of that boldness ...

Take power now. Don’t let yourself, any longer, be ruled by someone else"

How many wells?

PNRAG Wells
Click the image from more information on Cuadrilla's plans for PEDL 165

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!

"Unless someone like you cares a whole awful lot, nothing's going to get better. It's not." - Dr Seuss

We are not for sale!

England is not for sale!

Wrongmove

Join the ever growing number of households who have signed up to the Wrongmove campaign!

Tell Cuadrilla and the Government that your house is "Not for Shale"

Wrongmove

Be a flea

"Many fleas make big dog move"
Japanese Proverb quoted by Jessica Ernst

No to Fracking

Love Lytham Say No to Fracking

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The Precautionary Principle

When an activity or occurrence raises threats of serious or irreversible harm to human health or the environment, precautionary measures should be taken even if some cause and effect relationships are not fully established scientifically.

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Myth 12 – Fracking is commercially viable

Much has been written over the last few years about how fracking has revolutionised the US energy market and driven gas prices down for consumers. What is less well covered is the fact that fracking is based on a highly risky business model.

hamsterA combination of hyperbolic productivity decline rates and relatively insignificant recovery rates for each well mean that shale gas companies have to continually sink more capital into their businesses by drilling more and more wells to maintain cash flow. Some have likened this to a hamster wheel, others to Ponzi and pyramid schemes.

[To read a more detailed discussion of the impact of these decline rates see this article ]

In a $100 a barrel for oil world this might have made some sort of sense. Indeed clearly it must have done, at least to some,  although even when that was the case we still had CEOs complaining that the profit simply wasn’t there.

In 2012, with oil trading at over $100 a barrel Exxon’s CEO, Rex Tillerson, privately told a meeting at the Council on Foreign Relations:

We are all losing our shirts today. We’re making no money. It’s all in the red.

In 2016 in the US the blood is flowing. These headlines are from January 2016 and are just two of many.

half

bhp

We are listening to the death knell of those companies who are so exposed to debt that any reduction in cash flow may quickly prove fatal as they struggle to service interest payments on mountains of borrowings. The words “junk bonds” have been used to describe the frackers’ debt in the USA, and in the States they actually have revenues.  Those who survive can only do so by cutting costs to the bone raising entirely legitimate concerns over safety.

Talking or fracked oil, the Guardian said in January 2015

Fracking is an expensive business. Depending on site structure, companies need prices of between $60 (£40) and $100 per barrel of oil to break even. As prices drop to around $55 per barrel, investments in the sector look ever more vulnerable.

In January 2016 however, oil is trading at around $30 a barrel and oil and gas prices are still tightly linked. Forecasts suggest it will go lower still.

In a 2013 submission to Parliament, Bloomberg said it would cost between 47 and 81 pence per therm to extract shale gas in Europe (using current USD-to-GBP conversion rates). Other estimates broadly concur

Break even Shale Gas UK

[ Source: http://energydesk.greenpeace.org/2015/01/08/gas-price-plunge-made-uk-fracking-unprofitable/]

The red line added to Greenpeace’s chart is the approximate average UK Natutral Gas Futures Price until 2010 which are flat-lining around 30-35 pence per therm

natgas[Source: http://www.cmegroup.com/europe/products/energy/natural-gas/uk-natural-gas-calendar-month.html]

At these prices the idea of profitable fracking for gas in the UK, with break even costs between 47 and 81 pence a therm is frankly laughable.

On top of this there is an absolute  imperative to add additional costs via Carbon Capture and Storage to meet our climate change mitigation obligations.
Even the Task Force on Shale Gas accepts this concluding their third report with

We believe that government should commit to deploying the government energy specific revenue derived from a developed shale gas industry to investment in R&D and innovation in CCS and low carbon energy generation, storage and distribution.

Given the current constraints it is beyond me why anybody expects us to believe that a UK fracking industry is commercially viable in the foreseeable future without massive government intervention and subsidy. It is hard to imagine the  government proposing this when it is so anti intervention and subsidy with regard to renewables.

If you can explain this please email me (use the contact block in the left hand side bar) and I will consider adding any sensible replies here.

…. And of course it won’t have escaped your notice that the promised 1% of revenue “community benefits” would now only be worth half as much as when they were originally promised, will it?

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We’re not Backing Fracking

Not Backing Fracking
... but we love their web site

Drill or Drop

Drill or Drop
Drill or Drop is a "must read" resource for those wanting to keep up to date on the issues.

Fracking here’s a bad idea!

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"

Professor Mike Stephenson - Director of Science and Technology - British Geological Survey

Fracking the UK

Fracking The UK

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

"Untrustworthy, unbalanced and potentially brain washing." - Amazon Review
Yes the industry hated the first volume that much :-)

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

Fracking in the Media

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