rockdoc123 wrote:Lets face it, Shale is nothing more than a GEOPOLITICAL TOOL to get the oil that matters. If you cannot get middle east oil, you are toast. Shale don't matter diddly.
more stupidity. The "US" neither signs contracts for oil and gas exploration/development nor does it drill any wells. That is done by private or publicly traded oil and gas companies. The US government did nothing to make it easy for US oil and gas companies to drill and produce tight oil and gas....there were no special deals made. The shale industry was driven by the activity of oil and gas companies who had access to new technology, cheaper services and higher commodity prices. That industry was almost solely focussed originally on natural gas due to the high natural gas prices that were endemic in the US during both cooling and heating season as demand outstripped supply. As oil prices rose and natural gas supply increased (hence dropping prices) the focus shifted to liquids. Your global conspiracy theories have no place in this discussion.
The UK has been at that Shale/Tight Oil thing since 2007 WITH NO RESULTS.
Quadrilla began drilling for shale in 2010 not 2007 and their operations were shut down almost immediately by a Fracking Moratorium which has just very recently been rescinded. So not surprising there are no "results". Quadrilla's second well was claimed to have found 200 TCF in place which according to the operator would translate into 20 TCF.
Cannot afford nuclear, cannot afford gas either. Totally bankrupt.
Obviously, cannot afford anything that requires a fuel input. Thus, forget about Shale Gas in UK. The Shale "Revolution" in America is a big liquidity drain that has already bankrupted Canada and the UK.
Yahoo: Big UK electricity producers may be told to cut output as solar and wind power surges
https://uk.finance.yahoo.com/news/big-e ... 29308.html Major gas and nuclear power plants may be ordered to cut back on production this summer – to make room for wind and solar. The National Grid – which oversees the UK’s electricity generation network – said growing supply from smaller wind and solar farms that bypass the grid would see demand fall. “Increased supply and demand variability caused by these periods of low demand and high levels of renewable generation can create operability challenges,” it said. “As a result, we may need to take more actions to curtail generation and possibly instruct inflexible generators to reduce their output in order to balance the system.”
Euronews: EDF Energy becomes second UK firm to raise energy prices
http://www.euronews.com/2018/04/12/edf- ... rgy-prices EDF Energy said on Thursday it would raise its energy prices in Britain, the second firm this week to announce an increase, despite pressure from the government to keep bills down. The British arm of French utility EDF said the rise was due to higher costs associated with supplying electricity, echoing comments made by rival Centrica , which announced its rise on Tuesday. “EDF Energy continues to face pressures with energy, policy and the costs of installing smart meters all increasing significantly since last summer,” it said in a statement. The rise will add 16 pounds ($22.65) taking its average standard dual fuel bill to 1,158 pounds a year, EDF said.
Britain’s government has asked industry regulator Ofgem to put a price cap on the most widely used standard tariffs to combat what it has called “rip off” energy prices. However the cap will not come into effect until the end of the year at the earliest, Ofgem said.
Outcast_Searcher is a fraud.