The Eagle Posted June 1, 2014 Share Posted June 1, 2014 An infrastructure and competitiveness bill to be announced in the Queen’s speech on Wednesday will change trespassing laws, allowing shale gas exploration firms to drill on private land without requiring the permission of the owner, UK media report. http://rt.com/news/162896-queen-fracking-pensions-speech/ But you still aren't allowed to build a house on your own land (without planning permission)... Quote Link to comment Share on other sites More sharing options...
Ultra Fox Posted June 1, 2014 Share Posted June 1, 2014 Frack me. Quote Link to comment Share on other sites More sharing options...
Corruption Posted June 1, 2014 Share Posted June 1, 2014 http://rt.com/news/162896-queen-fracking-pensions-speech/ But you still aren't allowed to build a house on your own land (without planning permission)... Thats because anything other then a Barratt esq slave box will destroy the landscape. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted June 1, 2014 Share Posted June 1, 2014 And when the fracking company goes bankrupt your taxes get to pay for the bail out. Sweet. Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted June 1, 2014 Share Posted June 1, 2014 (edited) Tempting to set up a fracking company to go and drill on a few MP's country estates as well as Buck House. Edited June 1, 2014 by StainlessSteelCat Quote Link to comment Share on other sites More sharing options...
Tankus Posted June 1, 2014 Share Posted June 1, 2014 This has been on the cards since last year http://www.theguardian.com/environment/2013/dec/18/fracking-allowed-homes-without-owners-knowledge-gas-drilling Hardly a new leak Quote Link to comment Share on other sites More sharing options...
Tankus Posted June 1, 2014 Share Posted June 1, 2014 Its for running a lateral under private land , not to set up a drill pad to drill from . Still..... if you live above ..welcome to HPC Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted June 1, 2014 Share Posted June 1, 2014 (edited) The joke is that they have been drilling for oil and gas in the Weald since at least the 1970s and 99 out of 100 times they come up with dusters. The recent BGS estimate is that there is about 4.4 billion barrels of oil under that part of the SE UK of which maybe about 5% might be recoverable at best using the latest fracking technique ( the FT article quotes industry sources suggesting it may be as little as 1% http://www.ft.com/cms/s/0/9f683490-e266-11e3-89fd-00144feabdc0.html). There is apparently little or no gas in that area though other parts of the UK may be more propitious. That means the likely yield would at most meet the UKs oil needs for no more than 6-12 months. If these findings are replicated elsewhere in the UK then the government is basing its energy policy on something that does not exist in any meaningful terms ( a bit like Universal Credit in that respect). So what this legislation is essentially about is not securing Britain's energy future but allowing drilling companies to go all out for the the few pearls amongst the mountain of crud in the hope that one decent find will give sufficient temporary impetus to the share price to allow the investors to cash in their chips. In fact a quintissential example of how the modern British economy operates. Edited June 1, 2014 by stormymonday_2011 Quote Link to comment Share on other sites More sharing options...
StainlessSteelCat Posted June 1, 2014 Share Posted June 1, 2014 Its for running a lateral under private land , not to set up a drill pad to drill from . Still..... if you live above ..welcome to HPC Also how lateral is lateral? 100m below the surface? 1m? Sorry, PM just following the source of gas and hot air and somehow entered up in your place. Quote Link to comment Share on other sites More sharing options...
Tankus Posted June 1, 2014 Share Posted June 1, 2014 Watch the lecture . http://www.housepricecrash.co.uk/forum/index.php?showtopic=190846&p=1102515108 Quote Link to comment Share on other sites More sharing options...
EUBanana Posted June 1, 2014 Share Posted June 1, 2014 http://rt.com/news/162896-queen-fracking-pensions-speech/ But you still aren't allowed to build a house on your own land (without planning permission)... Heh, my first thought too. Fracking OK, housing not OK? Madness. Quote Link to comment Share on other sites More sharing options...
shindigger Posted June 1, 2014 Share Posted June 1, 2014 I'm sure I saw some bubbles in the Thames next to the Houses of Parliament. Good. Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted June 2, 2014 Share Posted June 2, 2014 Also how lateral is lateral? 100m below the surface? 1m? Sorry, PM just following the source of gas and hot air and somehow entered up in your place. Kilometers. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted June 2, 2014 Share Posted June 2, 2014 The joke is that they have been drilling for oil and gas in the Weald since at least the 1970s and 99 out of 100 times they come up with dusters. The recent BGS estimate is that there is about 4.4 billion barrels of oil under that part of the SE UK of which maybe about 5% might be recoverable at best using the latest fracking technique ( the FT article quotes industry sources suggesting it may be as little as 1% http://www.ft.com/cms/s/0/9f683490-e266-11e3-89fd-00144feabdc0.html). There is apparently little or no gas in that area though other parts of the UK may be more propitious. That means the likely yield would at most meet the UKs oil needs for no more than 6-12 months. If these findings are replicated elsewhere in the UK then the government is basing its energy policy on something that does not exist in any meaningful terms ( a bit like Universal Credit in that respect). So what this legislation is essentially about is not securing Britain's energy future but allowing drilling companies to go all out for the the few pearls amongst the mountain of crud in the hope that one decent find will give sufficient temporary impetus to the share price to allow the investors to cash in their chips. In fact a quintissential example of how the modern British economy operates. I don't think anyone here is going to be shocked - it's pretty obvious that fracking will be a bonanza for well placed insiders that lasts maybe a decade. The costs in terms of loss of quality of life (having drill sites spring up all over the countryside) and the financial costs of clearing up the pollution will of course be met by the general public/taxpayer. Hey, why should banksters have a lock on screwing over the general public to make themselves rich? The real question is whether or not the public is dumb enough to accept it. They'll be hit with scare stories about energy sufficiency to encourage them to accept it but at the same time, anyone with two braincells to rub together can do the sums and see that it isn't anything more than a short-term 'solution' and completely contradicts all the CO2/Green bullshot that the govt have previously been pushing (in the cause of taxing people more) and presumably will continue to push alongside it. Still, no-one ever lost out by underestimating the intelligence of the population. Quote Link to comment Share on other sites More sharing options...
1929crash Posted June 2, 2014 Share Posted June 2, 2014 Considering how badly the Lib Dems did in outer south London and in the south of England generally, this seems to be a p45 to all remaining Liberal Democrat MPs in that area. Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted October 1, 2014 Share Posted October 1, 2014 (edited) I don't think anyone here is going to be shocked - it's pretty obvious that fracking will be a bonanza for well placed insiders that lasts maybe a decade. The costs in terms of loss of quality of life (having drill sites spring up all over the countryside) and the financial costs of clearing up the pollution will of course be met by the general public/taxpayer. Hey, why should banksters have a lock on screwing over the general public to make themselves rich? The real question is whether or not the public is dumb enough to accept it. They'll be hit with scare stories about energy sufficiency to encourage them to accept it but at the same time, anyone with two braincells to rub together can do the sums and see that it isn't anything more than a short-term 'solution' and completely contradicts all the CO2/Green bullshot that the govt have previously been pushing (in the cause of taxing people more) and presumably will continue to push alongside it. Still, no-one ever lost out by underestimating the intelligence of the population. Meanwhile the shale gas in the US has meant they are now the world's biggest energy producer and production is on an orbital path. The dollar is now crucifying all comers and we have inflation under control (thanks to falling energy prices) and a growing US economy....the fastest in the G7. (not what an unholy alliance of gold bugs, Russians or psychopathic jihadists wanted at all) Seems worth the environmental impact imo. We can continue to be blackmailed and held to ransom by the Middle East, Russia and h hmm the Scots (currently £1600 per head ransom). Or we can get fracking and not be blackmailed and held to ransom. Edited October 1, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
Northerner Posted October 1, 2014 Share Posted October 1, 2014 Oh, sorry, wrong thread ... Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted October 1, 2014 Share Posted October 1, 2014 (edited) The Russians and the Middle East want to hold every card. I would rather drink your cup of poison. Edited October 2, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
frozen_out Posted October 1, 2014 Share Posted October 1, 2014 Kilometers. Indeed. I can't decide whether this is a big deal or not. Its certainly not the same as having a coal mine a few hundred metres under your house. My concern is over the location of the drilling pads rather than the lateral shafts. You really wouldn't want one of those next door. I'm surprised this has to be legislated in Amy significant way. I thought that in contrast to the US (where you own your land to the centre of the Eartg) the land beneath your land belonged to the crown anyway. Quote Link to comment Share on other sites More sharing options...
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