• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Hydrogen balloon still deflating
  • 3 days Renewables are expensive
  • 8 days Bad news for e-cars keeps coming
  • 11 days More bad news for renewables and hydrogen
  • 14 hours EVs way more expensive to drive
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 5 days EV future has been postponed
  • 7 days The (Necessarily Incomplete, Inarguably Ridiculous) List of Things "Caused by Climate Change" - By James Corbett of The CorbettReport.com
  • 40 days Green Energy's dirty secrets

Breaking News:

Fire at Greek Refinery: Crude Unit Down

An End To a Four-Week Losing Streak for Oil?

An End To a Four-Week Losing Streak for Oil?

This week, crude oil prices…

UK Braces For Final Verdict On Fracking

The UK government will soon make an announcement concerning hydraulic fracturing in the UK amid concerns about the tremors at a fracking site in recent months, Prime Minister Boris Johnson said in Parliament on Wednesday.  

“We will shortly be making an announcement about fracking in this country in view of the very considerable anxieties that are legitimately being raised about the earthquakes that have followed various fracking attempts in the UK,” Reuters quoted Johnson as saying in a Parliament debate today.

The UK government has generally supported fracking in England and UK shale gas company Cuadrilla has been conducting fracking operations in Lancashire since last year, amid opposition from local residents, and environmental and climate activists.

The company, as well as the UK government, believes that shale gas could help reduce the UK’s gas import dependence and contribute to its net zero emissions target by 2050.

However, Cuadrilla’s fracking operations have had to be temporarily suspended several times over the past year, due to tremors and seismic activity, because under UK regulations, in case of micro seismic events of 0.50 on the Richter scale or higher, fracking must temporarily be halted and pressure in the well reduced.

Related: A Warm Winter Would Be 'Catastrophic' For Natural Gas

In August, just a week after resuming fracking at the site, Cuadrilla paused operations—yet again—after a tremor estimated to be the biggest yet since the UK shale gas company began hydraulic fracturing exploration in northwest England last year.

While Cuadrilla aims to continue with its well completion program at the site and touts spending on shale gas as boosting the Lancashire economy, climate activists and local residents continue to voice their opposition to the activities. 

The organization Friends of the Earth UK says that “It’s time for this climate-wrecking industry to be banned,” and calls on the UK government “not to frack it up.”  

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News