huge shale gas find in the irish sea

raymann

is there any sign of this on our side of the water. i know there is some contreversy but what a nice problem that would be to have at the moment:

http://www.dailymail.co.uk/news/article-2040792/Will-vast-gas-field-turn-Blackpool-Dallas-North-Or-tapping-precious-resource-cause-earthquakes-poison-water-tap.html

surely if there is a god/karma/such a thing as luck, we are due something like this ourselves.

hairy sailor

if there is you won't hear about it because all our natural resources have been given away for little or nothing already,also fracking is fairly controversial at the mo

ei.sdraob

Have you not seen the thread on fracking here in politics?

Even if we find oil or gas it will be opposed by the usual rainbow group of interests, if not even the government itself.

Remember how only few short years ago a certain Green Muppet prohibited all exploration and mining for uranium in this country, an argument against nuclear that popsup here is that we dont have uranium, well its sort of hard to know when exploration for it is not allowed! :rolleyes: tho all of that radon which causes so much hassle in this country is part of natural decay from uranium...

Zubeneschamali

ei.sdraob wrote: »

tho all of that radon which causes so much hassle in this country is part of natural decay from uranium...

But Radon is natural, so it must be good for you!

The Outside Agency

Someone in the pub yesterday told me they drop that uranium stuff all over the middle east so it must be safe enough for the environment.

ei.sdraob wrote:

Even if we find oil or gas it will be opposed by the usual rainbow group of interests, if not even the government itself.

Tamboran have been awarded license to explore the north west of ireland for shale gas.

mike65

Classic Dail Mail headline (though a bit wordy)

400 holes near Blackburn Lancashire

ArmaniJeanss

hairy sailor wrote: »

if there is you won't hear about it because all our natural resources have been given away for little or nothing already

15 of our offshore fields were given away for 'next to nothing' in the last round of licenses.

That leaves 982 fields as yet unlicensed and unexplored. If anything major is found in those 15 fields then the exploration companies will make money. And the remaining 982 licenses will be where we can make our money.

So I think your definition of 'All' is somewhat flawed.

meglome

hairy sailor wrote: »

if there is you won't hear about it because all our natural resources have been given away for little or nothing already,also fracking is fairly controversial at the mo

You do realise that once some actual gas or oil is landed we can tax it?

celticcrash

since when is blackpool in ireland?

mikemac

You've done something amazing OP
You have managed to come up with a worse title then the Daily Mail

The find was inland in Lancashire, what's your connection to the Irish sea?

sunshinediver

meglome wrote: »

You do realise that once some actual gas or oil is landed we can tax it?

Only after RnD costs have been recouped, These costs can be easily inflated by any private company, the govt may not be able to tax any gas or oil for years after the first drop is exploited.

EggsAckley

If only those nice Norwegian's would come over and show us how to do it for free, absorb any of their own costs and split the profits 50/50.

Sighs

murphaph

sunshinediver wrote: »

Only after RnD costs have been recouped, These costs can be easily inflated by any private company, the govt may not be able to tax any gas or oil for years after the first drop is exploited.

The alternative is really to just leave it all unexplored and never earn a penny from it tbh. No government could, or should, spend the billions necessary on oil and gas exploration around our coast, given the fairly low chance of striking it lucky. We simply don't have proven reserves of the black stuff and until (if ever) we do, it is a gigantic risk for anyone to take.