Wednesday, September 4, 2013

Dear Prime Minister, please show your shale gas working

From an article at Businessgreen.com, titled "Dear Prime Minister, please show your shale gas working" (link here).

"It's not the embarrassing question about why you said communities affected by fracking will get payments of £1m, when you obviously meant £100,000. Your office has already corrected the error and we'll assume it was a case of mis-speaking rather than a deliberate attempt to overstate the benefits.

"It's not the politically tricky question about why you said you "don't think we're going to have a huge amount more" wind turbines, when your government's energy strategy calls for quite a lot more. We'll leave it to your Lib Dem colleagues to ask that one.
/.../

"No, the question I'd really like answered is why you think fracking will lead to "cheaper" energy bills? Have you got some evidence to support this suggestion? Because if so it would really help your case if you shared it.

To be precise, you said: "I think we would be making a big mistake as a nation if we did not think hard about how to encourage fracking and cheaper prices right here in the UK. If you look at what's happening in America with the advent of shale gas and fracking, their energy costs in business and their gas prices are half the level of ours... The EU has about three-quarters as much shale gas as the US, so we are missing out big time at the moment and I want to make sure that Britain does not miss out."

Now I presume you meant to imply that encouraging fracking would lead to cheaper prices, because that is certainly the way the comments have been reported (if that was not the meaning you should probably seek to correct it pretty sharpish). Assuming that is the case, would it be possible to explain how this will work? Because there are plenty of people, including many in the gas industry, who are deeply sceptical fracking in the UK can lead to lower bills."

Read more here, if you want, because it's interesting.

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