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Tag Archives: hydraulic fracturing

When the party comes to an end

Empty bottles at the end of the night

  Nicole Foss famously compared the oil industry to a late night drinking binge.  The early oil found in pressurised deposits just 70 feet beneath the ground was the best booze.  The North Sea was the cheap stuff.  Hydraulically fractured shale oil and tar sands, though, are the last-ditch equivalent …

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Fracking companies in trouble as investment dries up

Crash

Despite the upbeat propaganda put out by the fracking companies and repeated by the mainstream media, UK frackers are in serious trouble. In response to a freedom of information request by independent journalist Russell Scott, the UK government has released papers that show that the industry is unable to secure …

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In Britain, unprofitable fracking is green energy

Green electricity relies on inertia

Renewable energy is usually presented as the sensible alternative to domestic (fracking) gas.  However, in Britain at least, the two are essential components of the same suite of technologies.  This is because of the poor choices made by the UK government that force solar and wind energy to go hand …

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Cuadrilla responds to financial pressures

Cuadrilla financial problem

Just months Cuadrilla’s CEO Francis Egan raised questions about the profitability of UK fracking; he has taken an axe to the company’s finances.  According to Jillian Ambrose in the Telegraph: “Cuadrilla has cut deep into its spending and reduced its workforce by a fifth to stem its mounting losses… “The …

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