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Australia has huge deposits of shale gas but it won't come cheap

2013-06-05 10:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Australia could be sitting on more than 1,000tn cubic feet of untapped shale gas, but effective environmental regulations and a fall in costs are needed before this resource can be fully exploited, according to a new report. The Australian Council of Learned Academies study found that while Australia had huge deposits of gas, it would "not be cheap gas in most circumstances' and would have a slightly higher rate of carbon emissions than standard gas, albeit significantly less than coal-fired power....

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The Future of Shale Gas in the UK

2013-06-04 16:17:00| Offshore Technology

Eleven leading energy industry influencers came together at a round table event hosted by Spencer Ogden to discuss the future of shale gas.

Tags: the uk future gas

 
 

Fracking Economics Revealed as Shale Gas Bubble, Not Silver Bullet

2013-05-23 18:32:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: With several bills pending in the New York legislature related to natural gas development in the state, elected officials were briefed today on research revealing its economic limitations. Hosted by Citizens Campaign for the Environment, Earthworks, Energy Policy Forum, Environmental Advocates of New York, Frack Action and the Post Carbon Institute, the briefing focused on two groundbreaking reports released this spring. In sum, scientific and financial analyses show that the medium- to long-term...

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Shale gas investments 'could be worth 4bn a year to UK economy'

2013-05-23 05:25:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Investments in shale gas drilling could yield an industry worth nearly 4bn a year to the UK economy and create more than 70,000 jobs, according to a new report from the Institute of Directors (IoD), becoming a "new North Sea" energy business in the process. That is higher than previous estimates, and includes a wide variety of jobs from those directly employed in the industry, such as geologists and drilling experts, but also cement manufacturers and people working in local retail and service...

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UK shale gas projections "wildly optimistic", campaigners say

2013-05-22 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Campaigners have decried as "wildly optimistic" a report claiming shale gas is poised to make a big contribution to the growth of the UK economy. A new paper by the Institute of Directors, sponsored by shale gas firm Cuadrilla Resources, says pressing ahead with exploiting shale gas could create a 3.7bn industry supporting 74,000 jobs and generating significant revenues for the Treasury. The IOD also claims domestic shale could reduce the country's emissions if it is used to replace coal power,...

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