Not only that but Cuadrilla have been investigating the Lancashire sites since 2011. Surely ramping up to full production can be done very rapidly with the right political support.
Technically yes, although Cuadrilla is a small company vastly outnumbered by even the smaller green groups.
See here from Feb 19th where they say reserves are vast but it would still take them about twelve months to get gas flowing: https://cuadrillaresources.uk/cuadrilla-comment-on-jeremy-warner-article-frackings-false-hope-of-low-priced-energy-security/
Also, I expect a drilling and development surge in oil & gas worldwide as a result of Russia’s invasion, added to the post-COVID delays and shortages every O&G operator is already seeing. All the more reason to start soonest, of course.
Great article thanks. As it says just extracting 10% of the known reservoir of gas in theTrough of Bowland would supply the UK’s demand for 50 years and raise about £200billion in tax. Spend the tax on defence and we kill two birds with one stone.
Stephen Walshe
2 years ago
FFS. Domestic electricity demand represents a minority of the total – industrial demand is far larger. Insulation and WFH orders would only reduce electricity demand by a couple of percent, if at all, and certainly not by enough to move the dial on prices – in Ireland, electricity demand actually rose in 2020, despite harsh lockdowns. And of course more WFH would actually increase domestic gas demand. It is ludicrous to hijack every world crisis to lobby for your own hobby horses, regardless of relevance.
Indeed. And in recent years data centres have become a new source of burgeoning electricity demand.
Brendan O'Leary
2 years ago
Simone Tagliapietra’s other article, https://www.bruegel.org/2022/02/preparing-for-the-first-winter-without-russian-gas/ cited at the bottom of Peter’s piece is a more sober account.
He proposes building up gas storage for next winter by obtaining more LNG.
Given that Europe hasn’t built enough LNG terminals, due again to Green-pandering political impediments, and they really do take years, if not decades, to get up and running, but more importantly, so do the contracts – even when built, the best adaptation of LNG will be by over the years diverting shipments meant for Asia, who will then have to get their gas from … guess where?
By which time the Ukraine crisis will have passed and something else will have us wringing our hands uselessly. (and declaring it’s the ideal time! to move to the latest green fantasy)
Let’s face it, the only effective opposition that will stop Putin will need to be military and nuclear.
We don’t actually know how massive, or not, that recoverable gas from the likes of Bowland shale can be.
And we will never know, under the current drilling and fracking bans at national and local levels of government.
I wouldn’t be so sure. As with every crisis, the green blob is trying to leverage this one into more public cash for wind turkeys.
Andrea X
2 years ago
What about ditching net zero and starting extracting where you can find the stuff in your home soil?
Tom Watson
2 years ago
“I’m not suggesting any return to compulsory lockdowns. However, a voluntary national effort…”
Some people really enjoyed March 2020, didn’t they? Climate lockdowns seem mercifully to have died a death, so now it’s 3 weeks to beat the Russians.
Matthew Powell
2 years ago
A long, deep recession does wonders for demand destruction. Perhaps we should try that?
Ian Stewart
2 years ago
Rather obvious insights that I’ve already read in the MSM.
Cristina Bodor
2 years ago
December 1989, as the people of Romania were freezing in their home and going hungry, then president Ceausescu famously said: put on an extra coat! He was killed shortly after
JR Stoker
2 years ago
At least the summer is on its way. Turn off the heating; do not switch on the aircon
It does not take decades to develop a shale gas industry. Technically, at least. All the impediments are political.
Not only that but Cuadrilla have been investigating the Lancashire sites since 2011. Surely ramping up to full production can be done very rapidly with the right political support.
Technically yes, although Cuadrilla is a small company vastly outnumbered by even the smaller green groups.
See here from Feb 19th where they say reserves are vast but it would still take them about twelve months to get gas flowing:
https://cuadrillaresources.uk/cuadrilla-comment-on-jeremy-warner-article-frackings-false-hope-of-low-priced-energy-security/
Also, I expect a drilling and development surge in oil & gas worldwide as a result of Russia’s invasion, added to the post-COVID delays and shortages every O&G operator is already seeing. All the more reason to start soonest, of course.
Great article thanks. As it says just extracting 10% of the known reservoir of gas in theTrough of Bowland would supply the UK’s demand for 50 years and raise about £200billion in tax. Spend the tax on defence and we kill two birds with one stone.
FFS. Domestic electricity demand represents a minority of the total – industrial demand is far larger. Insulation and WFH orders would only reduce electricity demand by a couple of percent, if at all, and certainly not by enough to move the dial on prices – in Ireland, electricity demand actually rose in 2020, despite harsh lockdowns. And of course more WFH would actually increase domestic gas demand. It is ludicrous to hijack every world crisis to lobby for your own hobby horses, regardless of relevance.
Peter’s piece is a perfect illustration of how the commentariat are so far removed from industrial reality they think it’s all about home consumption.
Indeed. And in recent years data centres have become a new source of burgeoning electricity demand.
Simone Tagliapietra’s other article, https://www.bruegel.org/2022/02/preparing-for-the-first-winter-without-russian-gas/ cited at the bottom of Peter’s piece is a more sober account.
He proposes building up gas storage for next winter by obtaining more LNG.
Given that Europe hasn’t built enough LNG terminals, due again to Green-pandering political impediments, and they really do take years, if not decades, to get up and running, but more importantly, so do the contracts – even when built, the best adaptation of LNG will be by over the years diverting shipments meant for Asia, who will then have to get their gas from … guess where?
By which time the Ukraine crisis will have passed and something else will have us wringing our hands uselessly. (and declaring it’s the ideal time! to move to the latest green fantasy)
Let’s face it, the only effective opposition that will stop Putin will need to be military and nuclear.
He proposes …in Italian Simone is a man’s name, “Simon”. A woman would be called Simona.
Edited. And I thought I’d done well first time to intercept my autotype of Tagliatella.
Mille grazie.
Man, if only there was a massive untapped supply of gas in Britain we could turn to instead. What to do…
We don’t actually know how massive, or not, that recoverable gas from the likes of Bowland shale can be.
And we will never know, under the current drilling and fracking bans at national and local levels of government.
I think proposing the lifting of those bans in the context of the Ukraine war and raging energy inflation would be pushing at an open door.
I wouldn’t be so sure. As with every crisis, the green blob is trying to leverage this one into more public cash for wind turkeys.
What about ditching net zero and starting extracting where you can find the stuff in your home soil?
“I’m not suggesting any return to compulsory lockdowns. However, a voluntary national effort…”
Some people really enjoyed March 2020, didn’t they? Climate lockdowns seem mercifully to have died a death, so now it’s 3 weeks to beat the Russians.
A long, deep recession does wonders for demand destruction. Perhaps we should try that?
Rather obvious insights that I’ve already read in the MSM.
December 1989, as the people of Romania were freezing in their home and going hungry, then president Ceausescu famously said: put on an extra coat! He was killed shortly after
At least the summer is on its way. Turn off the heating; do not switch on the aircon
Agree but thinking very little air con in UK?
City offices, shops, warehouse shops; oligarchical residences in the south-east; you would be surprised!