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....Tucked away in the Conservative Party manifesto, and largely unremarked, is a promise to create a number of UK sovereign wealth funds, to be called “Future Britain Funds”. This builds on last year’s proposal in a Treasury Consultation Paper to create a “shale wealth fund” from tax revenue from the extraction, through fracking, of shale gas. ... [Read full article on Guardian ]
Monday 22nd of May 2017 08:00:18 AM
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Latest Finance News related to Fracking

Could citizens’ wealth funds halt the dominance of the financial elite? image
....Tucked away in the Conservative Party manifesto, and largely unremarked, is a promise to create a number of UK sovereign wealth funds, to be called “Future Britain Funds”. This builds on last year’s proposal in a Treasury Consultation Paper to create a “shale wealth fund” from tax revenue from the extraction, through fracking, of shale gas. ...
National Grid boss says Labour plan will stall green energy drive image
Source : Guardian [Read Article] Thursday 18th of May 2017 05:00:40 PM
....The Conservatives also said they would remove the need for planning permission for companies undertaking exploratory shale drilling, and create a new shale regulator to speed up development. With public opinion mostly against fracking, the local planning system has caused long delays for the industry, even after ministers attempted to fast-track the process, so the move would be a significant change. ...
Labour and National Grid image
Source : BBC [Read Article] Thursday 11th of May 2017 03:35:47 PM
.... . The leaked manifesto also pledges to ban fracking (the use of high pressure liquids to extract gas from rocks) and use carbon capture (stopping carbon dioxide from escaping with other waste gases) as it moves to cleaner fuels. ...
Asda and Morrisons cut petrol prices as oil price plummets image
Source : Guardian [Read Article] Friday 5th of May 2017 11:00:27 AM
....Rivals Tesco and Sainsbury’s are now expected to chop their forecourt prices in the wake of the oil price plummeting to a five-month low on world markets. Soaring US fracking production, weak demand in China and jitters about Opec organising any further supply cuts have all contributed to a global glut of crude. ...
Chemicals giant Ineos leads industry lobbying to avoid green tax image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....Billionaire founder Jim Ratcliffe, who is the chief executive and chairman, promised a British shale gas revolution in 2014 to produce gas for energy and the chemicals it needs for the company’s Grangemouth refinery in Scotland. Although Ineos’s shale drilling efforts have run behind schedule, the materials show the company has been busy lobbying behind the scenes to remove barriers to fracking and weaken environmental taxes. ...
Shale gas firm Cuadrilla brands anti-fracking activists 'irresponsible' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 06:35:31 PM
. The chief executive of Cuadrilla, a leading fracking company, has complained at what he calls intimidation and harassment by “irresponsible” activists protesting at a shale gas site the firm is constructing in Lancashire. ...
‘Shell knew’: oil giant's 1991 film warned of climate change danger image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:45:19 AM
....But, despite this early and clear-eyed view of the risks of global warming, Shell invested many billions of dollars in highly polluting tar sand operations and on exploration in the Arctic. It also cited fracking as a “future opportunity” in 2016, despite its own 1998 data showing exploitation of unconventional oil and gas was incompatible with climate goals. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
....“But the government’s plan to protect them is toothless. There’s almost nothing to stop Macquarie from misusing this vital public institution by failing to invest in early-stage renewables, and even funding fossil fuel projects like fracking. ...
UK offshore wind 'will lower energy bills' more than nuclear image
Source : Guardian [Read Article] Sunday 12th of February 2017 01:30:13 PM
....Renewable energy supplies one-quarter of Britain’s electricity, he said, compared with a marginal amount before the 2010 general election, when the first of three Conservative-led governments came to power. McNeal would not be drawn on whether Labour’s energy policy, which is pro-renewables and pro-nuclear, but would ban fracking for shale gas, was credible. ...
Electric cars will not stem global demand for oil, says BP image
Source : Guardian [Read Article] Wednesday 25th of January 2017 02:47:17 PM
....“I look at what’s happening with investment, with those major oil-producing economies, that [today’s price] doesn’t look like a very sustainable number,” he said. The outlook predicted coal’s ongoing decline would see gas overtake it as the world’s second largest source of energy by 2035, with fracking for US shale driving much of the gas growth. ...
MPs question post-Brexit viability of May's industrial strategy image
Source : Guardian [Read Article] Monday 23rd of January 2017 03:45:43 PM
....The roadmap will look at energy efficiency and whether future support for offshore windfarms should be given under the current subsidy scheme, which is paid for by levies on all energy bills. Solar power, fracking for shale gas, and carbon capture and storage for fossil fuels did not feature in the industrial strategy. ...
Fracking at Preston New Road: Cuadrilla's work begins for shale gas extraction image
. Work to prepare the first horizontal fracking site in the UK for shale gas extraction has begun in Lancashire. ...
Cuadrilla starts work on Lancashire fracking site image
Source : Guardian [Read Article] Thursday 5th of January 2017 11:06:04 AM
.... Over the next three months, it will establish a well pad and site in what is currently a field, the size of a rugby pitch, in the Lancashire countryside. Drilling is expected to begin in the spring, with fracking in the third quarter of the year. ...
Campaign group rapped over fracking claims image
Source : BBC [Read Article] Wednesday 4th of January 2017 01:35:12 AM
. Friends of the Earth (FOE) must not repeat misleading claims it made in an anti-fracking leaflet, the advertising watchdog has said. ...
Robin Hood's Sherwood Forest faces fracking threat image
Source : Guardian [Read Article] Sunday 1st of January 2017 06:38:33 PM
. The latest battleground for the future of fracking in Britain looks set to be Sherwood Forest, the legendary home of folk hero Robin Hood and now the target of a seismic survey by Ineos. ...
McCluskey triggers early Unite general secretary election image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:29:48 PM
.... . He has been a strong supporter of Jeremy Corbyn but some within this industrial union have been concerned by Mr Corbyn's plans to ban fracking, and also by his lukewarm support for new nuclear power. ...
Ctrl+Z: Silicon Valley leaders U-turn on Donald Trump image
Source : Guardian [Read Article] Friday 11th of November 2016 10:00:16 AM
....“If they really are serious and farm labor gets threatened, then anything that automates labor is something that is going to uptrend,” he said. Clean energy technology may be a loser, though, Wilson said, given Trump’s enthusiasm for fracking, coal, and fossil fuels. ...
Steelworkers' union Community backs fracking in UK image
Source : BBC [Read Article] Thursday 3rd of November 2016 02:10:51 AM
. The main steelworkers' union has backed plans for fracking in the UK. ...
Why not both?  image
Source : BBC [Read Article] Saturday 22nd of October 2016 09:59:28 PM
....Pound fall: 'Should I get my dollars now or should I wait?'. Does fracking affect the water supply?. ...
Runway decision image
Source : BBC [Read Article] Wednesday 19th of October 2016 11:24:36 AM
....Pound fall: 'Should I get my dollars now or should I wait?'. Does fracking affect the water supply?. ...
Hedge your bets image
Source : BBC [Read Article] Tuesday 11th of October 2016 11:16:47 PM
....Could the UK take over existing EU trade deals?. Does fracking affect the water supply?. ...
How shale gas drilling will take place in Lancashire image
Source : BBC [Read Article] Thursday 6th of October 2016 09:45:38 AM
. The go-ahead for fracking in Lancashire will see four rigs set up behind a 4m high sound barrier. ...
Related to :
Fracking in Lancashire given go-ahead by government image
Source : BBC [Read Article] Thursday 6th of October 2016 12:00:35 AM
. Horizontal fracking can go ahead, the government has said, in a landmark ruling for the UK shale gas industry. ...
Shale gas ship bound for Grangemouth halted by strong winds image
Source : BBC [Read Article] Monday 26th of September 2016 11:15:58 PM
....The first shipment of US shale gas to be delivered to the UK remains anchored in the Firth of Forth, unable to dock because of strong winds. It arrived amid a fierce debate about the future of fracking in Scotland and the rest of the UK. ...
Friends of the Earth fracking leaflet 'misleading', ad watchdog says image
Source : BBC [Read Article] Monday 26th of September 2016 01:21:33 PM
. Friends of the Earth (FOE) misled the public in a leaflet which claimed fracking can cause cancer, the advertising watchdog has said. ...
Jeremy Corbyn to set out energy policy 'for the 60m, not the big six' image
Source : Guardian [Read Article] Wednesday 7th of September 2016 08:00:27 AM
....A Corbyn-led government would also immediately reinstate the Department for Energy and Climate Change scrapped by Theresa May when she took over as prime minister, a decision he described as “short-sighted and irresponsible”. A Labour government would ban fracking, as extracting gas is “not compatible” with the UK’s climate commitments because it is a fossil fuel. ...

The two big tests awaiting the Prime Minister's 'Mayconomics' agenda
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Source : Telegraph [Read Article] Saturday 13th of August 2016 06:48:38 AM
.... The Government could start by scrapping the carbon price floor, a UK scheme that deliberately increases the cost of energy above the market price under the EU emissions trading system. And it should press on with fracking to increase home-produced energy. ...

Bribe or no bribe, I'd rather live next to a fracking site than a building site 
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....  I’ve never heard of any local objections to it and I’d be surprised if most residents in the area even knew about it. Now, imagine the substation were replaced with a fracking wellhead. ...

Homeowners could be given cash payments to compensate for disruptive new housing
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....Theresa May is said to be personally interested in the idea as it fits with her drive to create an economy that “works for everyone”. The scheme would follow the blueprint of a similar one announced over the weekend to give money directly to households affected by fracking. ...

Britain must seize the  benefits of fracking
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Source : Telegraph [Read Article] Sunday 7th of August 2016 06:00:00 PM
....The Government recognises the potential and has offered favourable tax treatment to shale gas producers and a fast-track planning procedure to get projects under way. But the biggest barrier to a commercial fracking programme remains public opposition. ...
Households could get fracking payments under government plans image
Source : BBC [Read Article] Sunday 7th of August 2016 03:37:51 AM
. Residents affected by fracking could be paid some of the proceeds of shale gas projects, the government has suggested. ...

Families affected by fracking to get share of money earned under new Theresa May plan
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. Families affected by fracking will be given a proportion of the money generated from the project under plans to be announced by Theresa May this week. ...

Countryfile Live is the perfect way to kick off the summer of the staycation
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....A hugely ambitious event, it is being held from this Thursday to Sunday [August 4-7] in the splendid grounds of Blenheim Palace, the Baroque country house and seat of the dukes of Marlborough at Woodstock in Oxfordshire. A modern take on traditional country shows, featuring livestock (sheep, dogs, ducks, ferrets, falcons and horses), crafts, music and a spectacular performance from the contemporary Cirque Bijou, there will also be hard-hitting debates on issues as diverse as Brexit, fracking, methods of food production and affordable housing. ...
Cautious green light for fracking image
Source : BBC [Read Article] Thursday 7th of July 2016 08:32:57 AM
North Yorkshire council fracking decision a 'declaration of war' image
Source : Guardian [Read Article] Tuesday 24th of May 2016 11:02:32 AM
. Anti-fracking campaigners have accused North Yorkshire council of declaring war on people’s rights to clean air and water after it approved the first operation to frack for shale gas in five years. ...
Fracking wins battle in Yorkshire but not the war | Damian Carrington image
. For those backing fracking, the approval of exploration plans at Kirby Misperton in Yorkshire is a vital victory. ...
North Yorkshire council backs first UK fracking tests for five years image
....Fracking is set to take place in Britain for the first time in five years after councillors approved tests in North Yorkshire, sweeping aside thousands of objections from residents and campaigners. Related: How does the fracking debate affect you? Share your experiences. ...
Fracking investors losing patience with planning delays, says industry boss image
. The backers of fracking in the UK do not have “limitless patience” for planning delays, according to a leading industry boss. ...
In the timeless Yorkshire moors of my childhood, the frackers are poised to start drilling image
....On Friday, North Yorkshire county councillors will hear from some of the thousands who have objected to the planning application to frack a well, known as KM8, less than half a mile from Kirby Misperton. After the council’s planning department recommended approval late last week, they are expected to reach a decision within a few days and thus make way for the first test fracking since 2011. ...
Boris Johnson accused of 'dishonest gymnastics' over TTIP U-turn image
Source : Guardian [Read Article] Saturday 14th of May 2016 04:19:33 PM
....In his Telegraph piece, Johnson rejected any idea that the free-trade deal could threaten the NHS by leaving it open to competition from US firms, a view now taken by Vote Leave. He wrote: “If we get the TTIP agreed, it will certainly not mean the privatisation of the NHS, and nor will it mean a green light for fracking [in] Sussex. ...
Fracking tests in North York Moors move step closer in face of protests image
....The report said many of the 4,000 representations it received in consultation objected to the plans, with concerns raised over the impact on climate change, water quality, air pollution and the possibility that drilling would trigger earthquakes. Environmentalists accused planning officers of dismissing “serious risks” associated with fracking in the area despite there being “clear evidence” it could harm wildlife, people’s health and local businesses. ...
Gas goes green as suppliers opt for carbon neutral sources image
Source : Guardian [Read Article] Saturday 23rd of April 2016 06:00:29 AM
.... Long-standing supplier Ecotricity, which takes 5% of its gas needs from anaerobic digesters, has plans to up this to 30% over the next few years. Ecotricity, which has declared green gas the antidote to fracking, has applied for planning permission to build its own plants using grass. ...
Why North Dakota is running on empty image
Source : BBC [Read Article] Friday 15th of April 2016 12:15:35 PM
.... . In the mid 2000s hydraulic fracturing - or fracking - coupled with soaring oil prices, made it possible to unlock billions of barrels of oil from the rocky Bakken formation, one of the largest deposits of oil and natural gas in the country. ...
Government's plan for secure power generation 'unfit for purpose': report image
Source : Guardian [Read Article] Wednesday 30th of March 2016 11:01:36 PM
.... What Britain badly needs are clear, robust policies to drive more investment in clean energy and power-saving technologies. “What we have instead is a random collection of pet projects, like the Hinkley nuclear reactor and fracking, that are going nowhere, with highly polluting diesel farms thrown in to plug the gap. ...
Methane-eating bacteria could reduce the impact of our big appetite for fish image
....There is a drawback however, the production of FeedKind is reliant on access to low-cost sources of methane. In the US that has been made possible by the rapid and controversial growth of the fracking industry. ...
Environmental and economic impact of British energy policy image
Source : Guardian [Read Article] Tuesday 15th of March 2016 07:01:22 PM
.... The UK Treasury receives a smaller share of oil revenues than most other comparable countries. Meanwhile, the government has exempted a whole new fossil-fuel industry – fracking – from half of its tax, despite huge local opposition wherever it is proposed. ...
Oil price 'may have bottomed out' image
Source : BBC [Read Article] Friday 11th of March 2016 11:55:20 AM
.... are working their magic and higher-cost producers are cutting output," the IEA said. There has been an oversupply of oil from booming US output in recent years, thanks to the spread of fracking. ...
In or out, TTIP is a threat to democracy | Letters image
Source : Guardian [Read Article] Thursday 3rd of March 2016 07:39:45 PM
.... Few commentators seem aware of the negative effect of TTIP on our ability to tackle climate change. Suppose in 10 to 15 years that several fracking firms were operating in the UK and the government decided the continued extraction of shale gas or shale oil were incompatible with our climate change commitments. ...
Fiery crash kills billionaire oil executive day after Justice Department charges image
....At 09. 12am on Wednesday morning Aubrey McClendon, billionaire sports team owner, oil executive and “visionary” pioneer of the US fracking revolution, “pretty much drove straight into” a bridge on a quiet country road in Oklahoma. ...
Former Chesapeake chief dies in crash image
Source : BBC [Read Article] Wednesday 2nd of March 2016 09:59:42 PM
....Mr McClendon stepped down as the head of Chesapeake Energy in 2013 amid concerns about his heavy spending and its corporate governance. He was considered to be one of the fathers of the US fracking industry. ...
Opec has failed to stop US shale revolution admits energy watchdog image
Source : Telegraph [Read Article] Monday 22nd of February 2016 11:38:03 PM
.... . America's shale oil producers and Canada's oil sands will come roaring back from late 2017 onwards once the current brutal purge is over, a cycle it described as the "rise, fall and rise again" of the fracking industry. ...
US factory woes add to pressure on Fed to hold interest rates image
Source : Guardian [Read Article] Monday 22nd of February 2016 07:32:39 PM
.... A figure greater than 50 indicates expansion. Some analysts speculated that a collapse in orders for equipment from the US and Canadian oil industries, and especially fracking firms crippled by the low oil price, had hit US manufacturing harder than previously understood. ...
Oil and gas producers ‘in distress’ as low oil price pain continues image
Source : Guardian [Read Article] Saturday 20th of February 2016 10:00:45 AM
....About 30% of the oil and gas industry’s debt is now said to be at distressed levels – meaning companies are experiencing financial or operational problems severe enough to put them at risk of default or bankruptcy. Producers, especially those fracking for shale gas, have borrowed heavily in the past few years and are now counting the cost as revenues tumble. ...
Gatwick oil company says oil is flowing image
Source : BBC [Read Article] Tuesday 16th of February 2016 04:12:08 PM
....UKOG has a 30% direct investment in Horse Hill Developments, which is drilling the site. Some environmental groups say that getting what oil there is there could prove tricky and is only possible through fracking, a controversial extraction method for oil and gas. ...
Shares in UK oil explorer soar as flow from ‘Gatwick gusher’ beats expectations image
.... . Protesters flocked to the Surrey site over the weekend to oppose the controversial use of hydralic fracturing in the area, but the operators say they have no plans to use fracking to produce the oil. ...
Hopes rise again for 'Gatwick Gusher' as oil flows to surface image
Source : Guardian [Read Article] Tuesday 16th of February 2016 10:59:14 AM
....”. UKOG has faced criticism from environmental groups, which argue that it can only get to the oil using the fracking technique. ...
Fracking appeal 'not about' extraction image
Source : BBC [Read Article] Tuesday 9th of February 2016 07:16:50 AM
. An energy firm appealing against a decision to refuse fracking said the inquiry was not about the "rights or wrongs" of shale gas extraction. ...
Major UK coal power plant closure 'will not lead to blackouts' image
Source : Guardian [Read Article] Thursday 4th of February 2016 03:20:35 PM
....” She added: “The problem in this country is the mixed messages government is sending out on energy. While shutting down coal it continues to promote other fossil fuels, offering huge subsidies and support to oil, gas and fracking. ...
UK shale gas explorers await green light to frack image
Source : Telegraph [Read Article] Saturday 30th of January 2016 04:10:55 PM
.... . The company’s attempts to pioneer fracking in the UK had got off to, quite literally, a shaky start – causing two earth tremors near Blackpool – and its then-chairman Lord Browne, the former BP chief, needed an experienced pair of hands to help kick-start a British shale gas revolution. ...
Could fracking free Britain from depending on Middle East countries for wealth? image
Source : Daily Express [Read Article] Friday 29th of January 2016 05:02:00 PM
.... At the same time, the US is predicted to be totally energy independent by 2020. Northeast Ohio is one area where fracking has sparked job creation and investment creating higher levels of wealth, according to Team NEO. ...
'Natural' gas not as good as solar – despite the gas industry's best efforts image
....”. Let’s not forget here that so-called ‘natural’ gas is a fossil fuel, and is primarily composed of methane, a greenhouse gas that is more than 20 times more potent than carbon dioxide, or that domestic gas is increasingly derived from coal seam gas through fracking that affects groundwater and agricultural production, or that the price of gas is steadily increasing. ...
Oil prices to stay near current level throughout 2016, World Bank says image
Source : Guardian [Read Article] Tuesday 26th of January 2016 03:00:10 PM
.... The country’s manufacturing industry, which in the aftermath of the 2008 financial crash has become the world’s largest single destination for oil and metals, stopped buying commodities at the previous high levels. Investors expected the major oil producers to cut production in response to falling demand, but instead the Saudi-led Opec nations, Russia, and the US oil fracking firms have until recently maintained the flow of crude into world markets. ...
Fracking fears raised by new study image
Source : BBC [Read Article] Tuesday 26th of January 2016 02:29:23 AM
. Research on the amount of gas leaked from onshore oil and gas wells raises "serious questions" over the development of fracking in the UK, Greenpeace has said. ...
Why much cheaper oil isn’t all good news image
Source : Telegraph [Read Article] Friday 22nd of January 2016 08:18:27 PM
.... The most interesting is that many analysts are worried about a looming energy and commodity debt crisis. Firms borrowed to invest, including for fracking and shale; but it seems that this credit could turn out to be the new subprime mortgages. ...
Low oil price squeezing US frackers image
Source : BBC [Read Article] Friday 22nd of January 2016 12:04:04 AM
.... . In the US, perhaps, no group understands this more clearly than the hydraulic fracturing (fracking) industry - the producers of shale oil and gas. ...
Is US fracking obsession behind global financial MELTDOWN? Warning issued over oil glut  image
.... In June 2014 oil was trading at more than $100 a barrel, in recent days it has dropped below $30 and some experts say it could go as low as $10. And there are now fears that US oil companies that have built up hefty debts to invest in fracking operations could soon start to default spelling disaster for the economy and the rest of the world. ...
Why low oil prices hurt the stock market – but won't lead to a US recession image
....A long run of high oil prices inspired drillers to develop new techniques and to go to new places to find more oil, and they succeeded. In the US improved oil drilling technologies known generally as fracking have added more oil to the global market than the total production of any country in Opec, other than Saudi Arabia. ...
US shale drillers’ hallelujah chorus turns to a lonely lament image
Source : Telegraph [Read Article] Tuesday 19th of January 2016 09:06:40 PM
.... . The problem for many of the shale drillers is that the process of fracking – drilling into and breaking up shale rock to release the oil and gas – is much more expensive than extracting oil through traditional wells. ...
Saudi Aramco – the $10tn mystery at the heart of the Gulf state image
Source : Guardian [Read Article] Saturday 16th of January 2016 03:59:00 PM
.... Exactly how that will be done if foreign investors can buy shares is a troubling and unanswered question, say critics. But a 75% plunge in global crude prices over the last 18 months to $30 per barrel – caused by a downturn in demand and a supply glut that Saudi Arabia and fellow Opec members have refused to address in their determination to drive US fracking rivals out of business – has caused financial pain to producing nations around the world, who had grown used to funding pretty much their entire economies and social programmes on black gold. ...
The most dangerous cocktail is the chancellor’s own recipe image
Source : Guardian [Read Article] Sunday 10th of January 2016 07:00:14 AM
....This is not, of course, anything to do with him and the complacency he was fostering as recently as before Christmas. No, this is mainly because of threats to the global economic recovery emanating from a manifest slowdown in China and the impact the collapse of oil prices is having on the economies and finances of oil-producing nations – with the obvious exception of the oil-producing country known as the United States, whose “fracking” boom has made no small contribution to oversupply and falling prices in energy markets. ...
Where next for the price of oil? image
Source : BBC [Read Article] Wednesday 6th of January 2016 08:59:33 PM
.... . But, he adds, there is another, much bigger, problem than the future of fracking in the US. ...
Why the UK is failing on infrastructure, the cornerstone of Tory policy image
Source : Guardian [Read Article] Wednesday 6th of January 2016 08:21:34 AM
.... Back in February 2014, the government appointed Manzoni to head up the MPA. Related: Ex-BP oil disaster and fracking executive to lead big government projects. ...
The collapse in the price of oil is a challenge to the old world order image
Source : Telegraph [Read Article] Wednesday 30th of December 2015 09:06:18 PM
.... Unlike rabbits, who are powerless to control their environment, the more we need, the more we eventually find a way of producing: the availability of food and oil are determined by technology and economics, not by some law of nature. Modern techniques (such as fertilisers, genetic selection or fracking) mean that agriculture and the extraction of commodities have become hugely more efficient. ...
Western oil firms must innovate or die image
Source : Guardian [Read Article] Monday 28th of December 2015 01:07:35 PM
.... Its readily accessible reserves – second only in the Middle East to Saudi Arabia’s –will be rapidly developed once international economic sanctions are lifted. For western oil companies, the rational strategy will be to stop oil exploration and seek profits by providing equipment, geological knowhow, and new technologies such as hydraulic fracturing (“fracking”) to oil-producing countries. ...
Opec says demand for oil will fall, but prices will rise - eventually image
Source : Telegraph [Read Article] Wednesday 23rd of December 2015 02:06:04 PM
.... The sell-off in crude prices since the summer of last year has come in two waves. The initial decline was brought about by a flood of oil from fracking wells in the US. ...
10 things you need to know about the price of oil image
Source : Guardian [Read Article] Monday 21st of December 2015 03:02:42 PM
....It is estimated that Iran needs an oil price of around $134 to balance its national budget, and even super-rich Qatar needs $77. The conventional wisdom is that Saudi Arabia is keeping the pumps flowing to destroy the US fracking industry. ...
Remember our miners as industrial heroes | Letters image
Source : Guardian [Read Article] Sunday 20th of December 2015 06:23:51 PM
....We import cheap and cleaner coal rather than invest in clean coal technology and support for our own industry in thrall to the market. George Osborne has removed the subsidy for carbon capture and storage, while the government supports fracking beneath national parks and we seek investment from China to build a nuclear power station while they plan hundreds of coal-fired stations at home. ...

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