Jump to content
House Price Crash Forum
Sign in to follow this  
kjw

Fracking Company Owned By Barclays Bank

Recommended Posts

“Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year [ie 2014!, The Sunday Telegraph can disclose.” (Nov. 2013)

“Third Energy, which is 97pc-owned by Barclays Natural Resource Investments, a private equity arm of the bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, this summer and is now analysing their potential.”

“The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation.”

Source: Sunday Telegraph, November 2013

The article goes on to say that “The British Geological Survey estimates that 1,300 trillion cubic feet of shale gas lies within the Bowland, which stretches from Cheshire to Yorkshire. If 10pc could be extracted it could meet UK needs for 40 years.

The article fails to mention that similar “meet our needs for 40 years” estimates in California turned out to be huge over-estimates, with over two-thirds of Californians now supporting a halt to fracking. Neither does it mention that fracking is an approach that has ruined peoples’ lives (see videos on this site re USA and Australia), and that other less disruptive means of obtaining energy are also available.



http://frackfreeryedale.org/?p=195

Share this post


Link to post
Share on other sites

“Barclays Bank is backing the search for shale gas in Yorkshire and could fund fracking in the area as early as next year [ie 2014!, The Sunday Telegraph can disclose.” (Nov. 2013)

“Third Energy, which is 97pc-owned by Barclays Natural Resource Investments, a private equity arm of the bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, this summer and is now analysing their potential.”

“The company has drilling rights across a 154 square mile area around the Vale of Pickering, which sits above part of the Bowland shale formation.”

Source: Sunday Telegraph, November 2013

The article goes on to say that “The British Geological Survey estimates that 1,300 trillion cubic feet of shale gas lies within the Bowland, which stretches from Cheshire to Yorkshire. If 10pc could be extracted it could meet UK needs for 40 years.

The article fails to mention that similar “meet our needs for 40 years” estimates in California turned out to be huge over-estimates, with over two-thirds of Californians now supporting a halt to fracking. Neither does it mention that fracking is an approach that has ruined peoples’ lives (see videos on this site re USA and Australia), and that other less disruptive means of obtaining energy are also available.

http://frackfreeryedale.org/?p=195

that's why we ALL need to take a bit of personal responsibility and diversify OUR OWN energy sources.

..and as you rightly state, probably best to be rather more conservative with the estimates than the extraction companies are.

lets say we have 10 years worth,hardly a dent is it?so what do we do after?

mini cold-fusion reactors that are the size of a typical combi-boiler and can be had for a couple of grand seem to be a little way off,

but the moral of the story is everything is too centralised.try not to be too dependent on them.

ps if you want solar stuff,these guys are great!(not-for profit plug because I really do rate them bvery highly)http://www.bimblesolar.com/solar

Edited by oracle

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   206 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.