URGENT DRILL ALERT
Please support events to Stop the Drill this week.
Please come to the Woodburn Forest on Monday morning 15th February. We believe oil company InfraStrata plans to commence work beside major water reservoir (North Woodburn Reservoir) with no Waste Management Plan in place.
Public Meeting, The Windrose, Rodgers Quay, Carrickfergus, Co.Antrim BT38 8BE at 7pm on Wednesday 17th Feb 2016.
It all started with Cuadrilla who wished to start a test drilling near the nice renewed old farm house of Willem Jan Atsma, a microbiologist. He set up the campaign Schaliegasvrij Haaren (Shale gas free Haaren = the little village he lived in) in 2011. (The same time Tamboran started to inform the people re. its plans). From a LOCAL ISSUE they made it to a NATIONAL ISSUE, working together with political parties, friends of the earth, grassrooters etc. After an intensive campaign from writing letters to direct protests, and with the help of many many earthquakes in the North of the Netherlands (due to conventional gas drilling) the Dutch government decided not to renew Cuadrillas license.
Onze voorzitter van Schaliegasvrij Haaren, Willem Jan Atsma, Ko van Huissteden, voorzitter Schaliegasvrij Nederland, en Ike Teurling, schaliegascoördinator van Milieudefensie ontvingen vandaag de volgende brief van het Min. van Economische Zaken. Continue reading →
Judges rule the Netherlands should deepen emissions cuts to at least 25% by 2020, in landmark legal decision
…The low-lying country, which is particularly vulnerable to sea level rise, should slash emissions 25% from 1990 levels by 2020 under the ruling. The state was aiming for 17% and campaigners argued it should be up to 40%, in line with science. Europe-wide, the target is a 20% reduction.
The verdict read: “The State must do more to avert the imminent danger caused by climate change, also in view of its duty of care to protect and improve the living environment. The State is responsible for effectively controlling the Dutch emission levels. …” Continue reading →
What we have been saying for the last 3 years or so, is finally getting traction in mainstream press: Fracking is very expensive and requires very high prices to be economically viable. The drop in crude oil prices and the impact on frackers in the US – in places like North Dakota and Texas – has been dramatic.
Below are some articles and data that could be of interest.
BH Rig count: US oil rig count … keeps on dropping
FT article: Financial experts warn that frackers are overvalued on the stock market and that they will never make money, as long as oil prices remain well below US $100 (during the shale oil boom, prices were consistently above US $ 100). (for a presentation by analyst Einhorn with lots of funny cartoons, see link here)
Just 6 months after oil prices (and the rig count) started dropping, there is growing acceptance that the shale oil production has already peaked.
I find it hard to say how the poor economics of shale oil in the US reflects on the viability of shale gas in the EU. It is fair to say that if you cannot make money from shale oil in places like Texas, I doubt that you can make money from shale gas in Lancashire, Lower Saxony, the Basque country, etc.
NEWS:US rig count still dropping
The latest Baker Hughes (BH) data for the week ending Friday 1 May showed a further drop in the US oil-rig count, with 24 units laid up. This is the twenty-first consecutive week that the rig count has dropped, by far the longest unbroken trend to the downside in the entire BH time series dating back to July 1987. From its peak of 1,609 on 10 October last year, the oil-rig count has now fallen by 930 units to stand today at 679, the lowest level since 24 September 2010. This is a 58% drop in barely seven months. Figure 1 shows the evolution of the US oil-rig count since 24 September 2010.
Figure 1: US oil-rig count 24 September 2010 –1 May 2015
David Einhorn, the short seller who bet against Lehman Brothers and Green Mountain Coffee, has turned his attention to US oil exploration companies, labelling them “frack addicts” who are wasting money on uneconomic wells.
German government approves controversial fracking bill
German cabinet has decided to allow shale gas fracking in Germany, but only under strict regulation and for testing purposes. Even so, lawmakers criticized the proposed bill for not being strict enough.
Comment by FRACKIING FREE IRELAND – BRUSSELS and FRIENDS OF THE EARTH EUROPE
FFI – BRUSSELS
I have been reading the reactions from campaigners and politicians most of today and all seem to agree that this law – if passed – would allow the fracking industry afoot in the door. I trust the viewpoints of the local people on this one. The German government has been very keen for months now to lull the public into a false sense of security. That’s very clear from the often erroneous press releases it puts out.
In my view, if the law is passed would set a very dangerous precedent for the rest of Europe, especially in Ireland where our government already plans to regulate fracking. Now it will most likely look to Germany and say ‘well, Germany approved it, so it can’t be dangerous.’
Rules can often be watered down to suit the industry. An outright ban is the best option. So we are told time and again by North American and Australian campaigners:
FRIENDS OF THE EARTH EUROPE
This is much stricter than the infrastructure bill, this is certain. But this is crap as it is completely baseless from a scientific point of view.
What is that 3000 meters threshold ? Does it mean that if you drill at 3001 meters, fracking will be safe but if you drill at 2999, there could be a danger ? And who will check if a company drills 2999 or 3001 deep ?
I remember that these rules only apply to shale gas but volontarily excludes the tight gas production which however needs as much fracking as for shale gas production.
In the end, it looks strict, but the devil is in the details I think this will deserve a close scrutiny in the future…