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Tag Archives: shale gas

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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Falling Net Energy destroys fossil fuels *and* green energy

Tar sands

While businesses and journalists readily understand (and often misunderstand) the idea of return on investment (“there is no magic money tree”) they seldom make the intellectual leap to apply the concept to the far more important area of energy.  Currency, after all, really can be printed out of thin air …

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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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