Greenies poo poo massive energy find


If people want to live “green”, fine. Just don’t be waving fingers at the rest of us, telling and legislating how we get by.

OK, now where was I? Ah, yes.

A company exploring for controversial “shale gas” in the UK says it could drill hundreds of wells in Lancashire to tap into vast gas resources underground.

Cuadrilla Resources, whose exploration efforts near Blackpool had to be halted earlier in the year amid concerns they were causing tremors, said there were 200 trillion cubic feet of gas under the ground in the area.

A percentage of the gas could be recovered for use in the UK’s energy mix, providing up to 5,600 jobs, including 1,700 in the local area, at the peak of production, the company has suggested.

But campaigners against the unconventional source of gas warned developing the fossil fuel could draw investment away from the UK’s potentially huge renewable industry.

Hmm, would that be the same renewables industry that is outrageously expensive, woefully inefficient and largely propped up by government subsidies?

Well tough, greenies. Go rant in a cave somewhere (it worked once before in history).

Meanwhile, a bit more on that sense.

Britain’s first drilling campaign for shale gas has beaten expectations, with the company responsible estimating 5,660bn cubic metres lie beneath the county of Lancashire in north-west England. This suggests the UK has significantly more of the resource than earlier surveys predicted.

After completing three exploration wells, Cuadrilla Resources said on Wednesday that its licence area held enough “gas-in-place” to supply Britain’s entire annual gas requirement for more than 56 years – at least in theory.

In practice, only a fraction is likely to prove recoverable. Experience in the US, where shale gas production has transformed the energy market, suggests recovery rates of 10-20 per cent.

Mark Miller, Cuadrilla’s chief executive, said: “The big recoverable reserves start with a very big ‘gas-in-place’ number. We’ve ticked that first box.” He added: “We’re equivalent to – or exceeding – the gas per square mile that you’d find in the really successful plays in the US.”

Earlier estimates for the amount of shale gas in the UK now look very cautious. The British Geological Survey had thought the country possessed only 150bn cu m.

Cuadrilla’s estimate – the first to arise from an actual drilling campaign – applies only to its 437 square mile licence area between the cities of Blackpool and Preston, where the Bowland shale rock formation lies 10,000ft beneath the surface. Three other concentrations of shale rock, known as “plays”, are found elsewhere in Britain.

Mr Miller declined to say what proportion of the resources in Lancashire was likely to prove recoverable.

Nonetheless, Tim Yeo, the Conservative MP who chairs the energy and climate change select committee, described Cuadrilla’s announcement as “very good news” and “more significant than I had appreciated”. He added that shale gas production should go ahead. “I see no practical or regulatory reason why we should not,” he said.

And we have a similar story of re-emerging energy independence from over in the Americas.

For the first time in decades, the emerging prize of global energy may be the Americas, where Western oil companies are refocusing their gaze in a rush to explore clusters of coveted oil fields.

Brazil has begun building its first nuclear submarine to protect its vast, new offshore oil discoveries. Colombia’s oil production is climbing so fast that it is closing in on Algeria’s and could hit Libya’s prewar levels in a few years. ExxonMobil is striking new deals in Argentina, which recently heralded its biggest oil discovery since the 1980s.

The semipublic energy corporation Petrobras is investing more than $200 billion to help make Brazil a major oil player.

Up and down the Americas, it is a similar story: a Chinese-built rig is preparing to drill in Cuban waters; a Canadian official has suggested that unemployed Americans could move north to help fill tens of thousands of new jobs in Canada’s expanding oil sands; and one of the hemisphere’s hottest new oil pursuits is actually in the United States, at a shale formation in North Dakota’s prairie that is producing 400,000 barrels of oil a day and is part of a broader shift that could ease American dependence on Middle Eastern oil.

For the first time in decades, the emerging prize of global energy may be the Americas, where Western oil companies are refocusing their gaze in a rush to explore clusters of coveted oil fields.

“This is an historic shift that’s occurring, recalling the time before World War II when the U.S. and its neighbors in the hemisphere were the world’s main source of oil,” said Daniel Yergin, an American oil historian. “To some degree, we’re going to see a new rebalancing, with the Western Hemisphere moving back to self-sufficiency.”

BTW, just touching back on renewables again…

Wind power deaths for 2011: five

Nuclear power deaths for 2011: zero

PS Lest we forget about the possibility of unlimited oil.

PPS Workers here were encouraged yesterday to take the bus or ride into work today, you know, because of peak oil, or global warming or something.

Car park’s full.

UPDATE

With greenies, it’s the same story in Australia. Via Bolta, we see a $30 billion gas operation being stalled for the sake of four friggin’ bilbies.

*facepalm*

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  1. Yea, we have to pour more money down the Solyndra hole!

    • The Wizard of WOZ
    • September 22nd, 2011

    Bilbies? Well I guess its a step up from their last attempt:

    http://www.perthnow.com.au/news/special-features/coconut-racial-slur-aimed-at-gas-hub-supporters/story-e6frg19l-1226142945596

    • 🙄

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