Why The Shale Oil “Miracle” Is Becoming A “Debacle”

 The central point of this report is that the US is deluding itself when it comes to energy abundance (generally) and oil (specifically).

Yet that’s not what we hear from the cheerleaders in the industry or in our media. From them, we hear a silver-tongued narrative of coming riches — a narrative that contains some truth, some myth, and a lot of fantasy.  It’s those last two parts — the myths and fantasies — that are going to seriously hurt many investors, as well cause a lot of extremely poor policy and investment decisions. 

The bottom line is this: The US shale industry resembles a fraudulent Ponzi scheme much more so than it does any kind of “miracle”.

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Cuadrilla apply for environmental permit variation

The Environment Agency has received a substantial variation application for an environmental permit under the Environmental Permitting (England and Wales) Regulations 2016. It is now consulting on the proposed decision.

Cut and Paste link below to see details and have your say.

https://www.gov.uk/government/publications/pr4-3pj-cuadrilla-bowland-limited-environmental-permit-draft-decision-advertisement-eprab3101mwv003/pr4-3pj-cuadrilla-bowland-limited-environmental-permit-draft-decision-advertisement

Protest update: 30 October-12 November 2017

In this update on protests about fracking and the onshore oil and gas industry:

  • Labour rally at Kirby Misperrton;
  • Suffragette-style protest at Pickering Conservative offices;
  • Sit-down and lorry protest at Preston New Road;
  • Slow walk protests facilitated by police;
  • Anti-fracking rally in Sherwood Forest;
  • Acquittal of Greenpeace volunteer campaigners;
  • High Court protest over INEOS injunction.

WITH THANKS TO RUTH AT DRILL OR DROP

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