Archive for the ‘Europe’ Category

Opposition to shale gas and cheap US coal only leads to greater use of coal in Europe

September 26, 2012

Not that there is anything wrong with using coal when it makes commercial sense. The demonisation of carbon dioxide is a religion built on a hypothesis which in turn is based on “it must be the cause of global warming” and not on any evidence whatever. In consequence the world-wide drive to reduce carbon dioxide emissions is an unnecessary, expensive and ultimately pointless exercise.

The religious and thoughtless opposition of the “greens” to any use of fossil fuels has led them – especially in Europe – to trying to block exploration, production and exploitation of shale gas. But as with so many “environmentally correct” decisions it turns out to be counter-productive to their own misguided objectives. In Europe this together with the availability of cheap US coals has only served to promote the greater use of coal and an increase in carbon dioxide emissions. The blind pursuit of renewable energy in Europe has already given the highest electricity prices in the world. While the increased emissions of carbon dioxide through greater coal use does not itself matter, the consumer will have to pay even higher electricity prices than would prevail if shale gas were exploited.

Reuters reports:

BRUSSELS/LONDON, Sept 25 (Reuters) – Shale gas has jolted traditional roles in the planet’s climate drama, giving cleaner fuel to the United States, whose displaced coal has headed to Europe to pollute the old continent.

It is an ironic twist for the European Union, whose energy policy is largely based on promoting renewables and a target to cut emissions b y 20 percent by 2020. The U.S. did not ratify the Kyoto Protocol to combat global emissions and its national goals are far less ambitious than Europe’s.

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Momentum for shale gas builds in Europe

September 22, 2012

The momentum is now growing fast and it is difficult to keep up with the number of parties coming out in favour of the exploitation of shale gas in Europe. However the self-righteousness behind the “environmental correctness” of the European political establishment will not be overcome without a struggle.

France: Bosses demand shale gas rethink:

BUSINESS leaders have signed up to a call to reopen debate on the extraction of shale gas in France. 
The move comes shortly after President Hollande said he will halt exploration during his five-year term and announced refusals of seven oil company applications for drilling permits in the south, because they were thought to be looking for shale gas. …..

UK: IoD: Shale gas could provide 35,000 UK jobs :

The Government is expected to give the green light for more fracking in the UK to access shale reserves within weeks as it publishes a new gas strategy, but energy secretary Ed Davey warned yesterday that it was no “silver bullet”.

The IoD has released a new report on the process this morning which claims there will be an upward revision in the estimate of the size of the UK’s shale gas reserves later this year, up from 5.3 trillion cubic feet. It also suggests there would be “environmental benefits” to using shale gas over coal-fired power plants.

Russia: Gazprom Rethinks Shale as European Gas Prices Sink:

Gazprom has admitted it might yet adjust its attitude towards shale gas, as Russian policy makers assess new dangers to the country’s petro-dollar economy. First, Russia’s Economic Ministry warned that the increasing supply of shale gas on world markets will start hurting Gazprom’s pipeline sales to Europe in 2014. And it seems Gazprom might now be weighing the pros and cons of jumping onto the shale gas bandwagon.