1.cps study, running out of energy 2. BBC running fracking debates at lunchtime 3. Oil gas agency and EA holding public exhibition on 5th October 4. Fracking decision due 6th October 5. USA selling us fracked gas
I think this is an orchestrated set of events to justify the Cudrilla fracking decision on the 6th
New report by the inflential CPS asks the question.. "Are we heading for blackout Britain?"
Policy on renewables will on average cost households £466 a year by 2020. Costs may increase due to subsidy caps being breached. EU legislation has closed 12 GW of baseload capacity since 2012. UK winter margins are now 0.1% without emergency measures. The Capacity Market has failed to attract new gas fired power stations. New gas plant equated to just 10% of the Capacity Market’s gas contracts. Low wind, unplanned nuclear closures, an interconnector outage and high energy demand led to prices spiking from £40/MWh to £999/MWh on 14 September. The UK is depending on growing foreign imports of electricity, which have risen by 30% in two years. National Grid’s role in this must be examined. Following the abolition of DECC, a new Energy Bill is needed to prioritise costs, competitiveness and security of supply.
Jezza is a massive risk to National Security in my opinion. I agree in that he won't be prime minister,he can't run a bath let alone a country. Someone that want's to ban nuclear weapons in this current political and world environment,seriously needs their head tested. Theresa May will call a general election once she believes she can win one within the 5 year deadline. So fingers crossed that the Tories stay in for a few years yet and get this much needed Shale industry up and running. Running out of energy is a risk to National Security within itself,and anybody who remembers the 50's,60's and 70's can vouch for that. Smog envelope this country and thousands died due to lung disease etc,then we struck oil in the north sea which meant the slow death decline of coal. Now we understand more about gas and renewables which will be the long slow death of oil eventually. And of course,one day,Gas will be taken over by renewables. You get the drift.
Remember therea may said no early elections, by that time uk should have produced shale oil and gas, when billions pour into the industry unfounded safety and environment concerns will be crushed. Corbyn will never be pm that is what the opinion polls say and many believe
Exactly. These people read media snippets and come to the only conclusion that their minds want to hear without really understanding and knowing how the markets run and work. It's a Dead Dog for a while yet. Even if we got exploring for Shale in the UK, then do these people think you stick a pipe in he ground and suck all this gas out like a Harry Potter Walnut Wand? It's takes a good few years to get online,organize,and sell. And we haven't even got past the legislation route yet.Come on,wake up. And if Jezza Corbyn thinks,and quoted yesterday at the Labour conference,that next year there will be a general election,and his communist party get in,then it's totally Goodnight Igas to its potential future worth. If the leader of the opposition says there could be a general election next year,whether he's right or not, then what kind of sane and huge investors would pile cash into this? And yes,the Debt doesn't help either in Igas. Lots to ponder on a dead dog. But remember,Dead Dogs can be revived,but this one needs a miracle to get back to the giddy heights of £1.60 not to long ago. Yes,im invested here, and wanting my dog revived and fighting fit,but,its going to be a very long rehabilitation at best.
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