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Senior Member
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Join Date: Jul 2012
Location: London
Posts: 4,347
Favourites (more):
CBB 10: Julian Clary BB13: Luke A
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Senior Member
Join Date: Jul 2012
Location: London
Posts: 4,347
Favourites (more):
CBB 10: Julian Clary BB13: Luke A
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Whenever any new technology comes along there are risks involved and of course like the proposed H2S rail scheme people living near these "fracking" areas are going to be pissed off. But we are in an energy hole that can't be filled by renewable green technologies anytime soon. So the possiblity that there is up to 1,300 Trillion Cu mtrs of Gas awaiting retrieval is a huge carrot to the Energy Companies.
Like in the States expect to see the smaller companies get involved first before the big Oil majors start to move in after the majority of the teething problems have been sorted out.
Even if only 0.05% of these Gas reserves are realised then this will help the Govt's coffers in tax revenue and of course make our energy bills cheaper.
So I think we need to stay with this and try and improve the technologies and focus on the environmental costs/risks to ensure this fledgling industry follows all the rules and does not try to cut corners...............
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