Posted on 06/30/2013 6:21:49 PM PDT by TexGrill
Amid all the excitement following last week's news that trapped gas in UK shale formations were double previous expectations, some sobering news from America was lost. A report by the Harvard University-based Kennedy School of Government said that development of shale gas reserves outside the US was "improbable" at the moment.
A study issued by the British Geological Survey on Thursday estimated that the rocks of the Bowland shale area, which stretches from the Lancashire coast to Scarborough, holds 1,300 trillion cubic feet of gas. This is twice as much as previous forecasts and prompted Danny Alexander, the Chief Secretary to the Treasury, to gush in Parliament that: "News from the Geological Society confirms the huge potential that shale gas has for the UK."
However, whether this "potential" can be turned into a reality is subject to considerable doubt.
"The nature of shale oil production makes it particularly suited for the United States' industrial, financial, demographic, and geologic landscape," said Leonardo Maugeri, the author of the Harvard report.
"These same characteristics make the expansion of the shale phenomenon to other parts of the world improbable – at least in the short term."
(Excerpt) Read more at telegraph.co.uk ...
LOL I think Exxon or Chevron could figure it out.
a) We have the horizontal rigs on-hand, others don't. b) the population density of England is extraordinarily high in comparison to the US-- about 53 million people crammed into the area of New York state. Talk about NIMBY.
I smell the Anti fracking side trying to make the Brits believe it’s not worth the effort.
Let Capitalism go to work and someone will get the shale gas if it’s worth getting.
Not NIMBY, BANANA.
It reminded me of the time an oil company assigned me to research and analyze the geo-politics prospects in Europe over shale gas. They handed me an 84-paged report and asked me to interpret it’s real meaning. The first 10 pages were about the PhD qualifications of the report’s authors. The next 30 pages were about fracking technology. Pgs. 40-83 were about environmental damage fracking would cause. The last page concluded: “EU countries should never frack for shale gas, and it is highly recommended that countries outside the EU not attempt to drill for shale gas.” Later on I did some Google searching on the authors and it turned out many of these authors were indirectly employed by the US State Department and for some odd reason many of them were located in a Vermont office, while other other author’s were members of George Soros’s International CRISIS Group.
Unbelieveable! You need to send your findings to someone blogging about fracking in the UK.
Don't give in to the left. Frac or better yet stimulation.
Most of Soros’ political operations are actually based in London, not New York City as many people assume. That being said UK folks would be unlikely to contact me. Nonethless, I sometimes do some research & analysis over the geo-politics of global energy and I prefer oil & gas companies since they’re better about payments. It’s funny how highly-sunsidized Green energy companies start saying they’re broke and expect me to volunteer my services whenever I ask them about getting paid for my research & analysis. So if anybody’s interested they can Freepmail me.
Let the markets work!
Phelim McAleer has done some good work showing the lies of the anti-fracking movement. Your story sounds typical.
What kind of idiot calls the Kennedy School of government for answers about oil and gas?
What kind of idiot calls the Kennedy School of government for answers about oil and gas?
I think you are correct.
This density of oil/gas wells would just not go over well in the UK
The link is to an area about 10 by 10 miles near Carlsbad, NM. Many other spots in that area are just as dense.
The UK just does not have that much open space they are willing to use...:^)
The Brits, Norwegians, Danes, Germans and Dutch now have the skills we taught them and are very capable of developing their gas and oil fields in the North Sea. In fact when it comes to operating in the extreme environment of the Northern sectors and the Barrents Sea, the Norwegians are the best. The technology of drilling the shale gas and oil fields on land is quite simple as compared to the North Sea.
The Brits will develop their shale gas on land if it is economical and most important politically feasible. The Brits know how to build drilling rigs and explore for oil and gas. The factor that will drive or kill shale gas in the UK is economics and politics.
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