Rishi bans fracking!

He has a pretty easy job on his hands when you come to think of it. All he has to do is reverse every decision that's been made over the last 8 years and we might have a decent economy again.
 
It was one of a number of ill considered / idiotic policies that Truss splurged out during her disastrous few weeks as PM.

It’s pretty obvious that nobody wants that sort of shit on their doorstep and that a progressive country / government would be looking elsewhere to solve the energy crisis.

A wise decision by Sunak and in line with the Manifesto that the British Public voted for👍
 
BigHandsOliverKahn said:
He has a pretty easy job on his hands when you come to think of it. All he has to do is reverse every decision that's been made over the last 8 years and we might have a decent economy again.
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Don't say that. Rishi's critics have already confused themselves by switching blame for the shortcomings of Boris onto the new PM. Now that he's reversing the policies they're struggling to find anything bad to pin on him 😆
 
foggy said:
And the gas price market doesn't care. No movement. As if it knew fracking would have no impact whatsoever on prices.
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Sorry but that’s the wrong conclusion to draw.

Gas is traded on world markets. Gas is purchased in advance of its need and is stored away. Usually purchased ahead by many months.

So whether or not the UK was to begin exploring fracking was an irrelevance to the markets. If at any time we did frack and it meant there was more gas available to be traded, then it would at the point influence the markets and the trading price of gas a whole.

It’s the same if the UK is to build a nuclear power station and we’re going to start building it today and it will be ready in several years. That wouldn’t affect the price of electricity right now.

Nor does the UK deciding to explore further for North Sea Oil affect the trading price of oil at this time.

The gas market doesn’t work like the financial markets which have been incredibly sensitive to every step of the UK Government. Yeah it will react if there’s real and present issue such as a sudden increase in demand due to a war. But it’s not gonna bat an eye lid over whether the UK is to look for gas over the next few years.
 
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Malced said:
Sorry but that’s a ridiculous conclusion to draw.

Gas is traded on world markets. Gas is purchased in advance of its need and is stored away. Usually purchased ahead by many months.

So whether or not the UK was to begin exploring fracking was an irrelevance to the markets. If at any time we did frack and it meant there was more gas available to be traded, then it would at the point influence the markets and the trading price of gas a whole.

It’s the same if the UK is to build a nuclear power station and we’re going to start building it today and it will be ready in several years. That wouldn’t affect the price of electricity right now.

Nor does the UK deciding to explore further for North Sea Oil affect the trading price of oil at this time.

The gas market doesn’t work like the financial markets which have been incredibly sensitive to every step of the UK Government. Yeah it will react if there’s real and present issue such as a sudden increase in demand due to a war. But it’s not gonna bat an eye lid over whether the UK is to look for gas over the next few years.
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Yes you are right fracking wouldn't have any effect, if any, for several years. Except most people I see fighting for it seem to think it is an immediate solution to our energy price problems. The only reason it's even on table is this immediate problem we have. Which is why it was stupid and the market nonchalance is revealing. We can have renewables up in months, although apparently Rishi might be thinking to re-ban onshore.
 
Wizaard said:
Wonder what Benton, Menzies etc who all voted for it in their constituency now think?
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Benton has been on Radio Lancs Wiz. He's delighted as 2 in 3 residents wanted this decision. He had already written to the PM 7& the Sec to request a meeting. This was never going to happen anyway, as it wouldn't have gained the support of communities.
I'm seriously awaiting someone with a brain, telling us the UK public where our energy is going to come from in the future, as Benton quoted - offshore gas (yes - if the tree huggers will stop glueing themselves to everything), on & off shore wind farms (eye sores that need lots of wind to produce little energy) & solar panels (eye sore & of little use - I wouldn't want them ruining my house). He never mentioned nuclear power.
 
Malced said:
Sorry but that’s a ridiculous conclusion to draw.

Gas is traded on world markets. Gas is purchased in advance of its need and is stored away. Usually purchased ahead by many months.

So whether or not the UK was to begin exploring fracking was an irrelevance to the markets. If at any time we did frack and it meant there was more gas available to be traded, then it would at the point influence the markets and the trading price of gas a whole.

It’s the same if the UK is to build a nuclear power station and we’re going to start building it today and it will be ready in several years. That wouldn’t affect the price of electricity right now.

Nor does the UK deciding to explore further for North Sea Oil affect the trading price of oil at this time.

The gas market doesn’t work like the financial markets which have been incredibly sensitive to every step of the UK Government. Yeah it will react if there’s real and present issue such as a sudden increase in demand due to a war. But it’s not gonna bat an eye lid over whether the UK is to look for gas over the next few years.
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You seriously think that (for example) the Australian owned ‘Cuadrilla’ would be trading their minuscule quantities of gas at discounted prices into the U.K. market after the decades of investment, failed projects & legislative changes?

Their aim is to make as much money as humanly possible from every cubic foot of gas they might smash, explode and fracture out of the ground.

The small amount of extra gas from fracking would not impact on the price we pay for our gas here in the U.K., be that today or at the point of extraction / use.
 
585 = never give up said:
Benton has been on Radio Lancs Wiz. He's delighted as 2 in 3 residents wanted this decision. He had already written to the PM 7& the Sec to request a meeting. This was never going to happen anyway, as it wouldn't have gained the support of communities.
I'm seriously awaiting someone with a brain, telling us the UK public where our energy is going to come from in the future, as Benton quoted - offshore gas (yes - if the tree huggers will stop glueing themselves to everything), on & off shore wind farms (eye sores that need lots of wind to produce little energy) & solar panels (eye sore & of little use - I wouldn't want them ruining my house). He never mentioned nuclear power.
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Yet he voted for fracking last week. Says what people want to hear locally and does something different when in Westminster. Eye sore was Truss' excuse for not using sustainable energy sources. Rubbish argument. I don't think they're an eyesore anyway. Something quite aesthetic about them.
 
Malced said:
Sorry but that’s a ridiculous conclusion to draw.

Gas is traded on world markets. Gas is purchased in advance of its need and is stored away. Usually purchased ahead by many months.

So whether or not the UK was to begin exploring fracking was an irrelevance to the markets. If at any time we did frack and it meant there was more gas available to be traded, then it would at the point influence the markets and the trading price of gas a whole.

It’s the same if the UK is to build a nuclear power station and we’re going to start building it today and it will be ready in several years. That wouldn’t affect the price of electricity right now.

Nor does the UK deciding to explore further for North Sea Oil affect the trading price of oil at this time.

The gas market doesn’t work like the financial markets which have been incredibly sensitive to every step of the UK Government. Yeah it will react if there’s real and present issue such as a sudden increase in demand due to a war. But it’s not gonna bat an eye lid over whether the UK is to look for gas over the next few years.
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Except we have greatly reduced our storage capacity of gas to the extent that at any one time we have about a week's capacity, leaving ourselves wide open to the volatility in the market.
 
Wizaard said:
Except we have greatly reduced our storage capacity of gas to the extent that at any one time we have about a week's capacity, leaving ourselves wide open to the volatility in the market.
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That’s a separate point. We are increasing and have increased our storage significantly.

My point was the fracking or non fracking by the UK is irrelevant to gas markets as of today. Hence the prices didn’t change on the announcement today the UK government. It was irrelevant for the reason I gave - that the gas markets are influenced by here and now supply and demand.
 
Malced said:
That’s a separate point. We are increasing and have increased our storage significantly.

My point was the fracking or non fracking by the UK is irrelevant to gas markets as of today. Hence the prices didn’t change on the announcement today the UK government. It was irrelevant for the reason I gave - that the gas markets are influenced by here and now supply and demand.
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A week's worth is significant is it?

It won't change because we'd get bugger all from fracking for a decade at least.
 
Also important longer term that we de-couple the U.K. power market from the gas market, rather than essentially seeking to reinforce the reliance on an increasingly unstable source of power generation.

As others have said, Nuclear and other more sustainable options offer the U.K. a far better prospect of long term energy security and reduce exposure to the kind of volatility witnessed, due to circumstances outside of our control…. A reliance on fracking would simply compound the problem.
 
585 = never give up said:
Benton has been on Radio Lancs Wiz. He's delighted as 2 in 3 residents wanted this decision. He had already written to the PM 7& the Sec to request a meeting. This was never going to happen anyway, as it wouldn't have gained the support of communities.
I'm seriously awaiting someone with a brain, telling us the UK public where our energy is going to come from in the future, as Benton quoted - offshore gas (yes - if the tree huggers will stop glueing themselves to everything), on & off shore wind farms (eye sores that need lots of wind to produce little energy) & solar panels (eye sore & of little use - I wouldn't want them ruining my house). He never mentioned nuclear power.
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Do you think electricity pylons are eyesores?
 
585 = never give up said:
Well I wouldn't like one in my garden69. When I was at junior school, my mates parents had one and it buzzed 24/7 🤣
You infer that I'm being critical, I'm not, I just want someone who is actually an authority on the subject, to tell me & others, where are future power is going to come from.
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My guess would be renewable and nuclear. And I'm with Wizz on the wind turbines I think they have an aesthetic beauty that an electricity pylon or gas storage facility can never possess but for some reason people don't point out the ugliness of pylons!
 
585 = never give up said:
Well I wouldn't like one in my garden69. When I was at junior school, my mates parents had one and it buzzed 24/7 🤣
You infer that I'm being critical, I'm not, I just want someone who is actually an authority on the subject, to tell me & others, where are future power is going to come from.
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Nuclear Power & Renewables 🤷‍♂️
 
BFC_BFC_BFC said:
It was one of a number of ill considered / idiotic policies that Truss splurged out during her disastrous few weeks as PM.

It’s pretty obvious that nobody wants that sort of shit on their doorstep and that a progressive country / government would be looking elsewhere to solve the energy crisis.

A wise decision by Sunak and in line with the Manifesto that the British Public voted for👍
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Those who voted Tory in 2019 did so for two reasons only: to keep Corbyn out and to get Brexit done. Everything else in the Tory manifesto was lost in the moment.
 
dodgy_surname said:
Eye sores a lot more important than the planet and our grand kids life
Can we frack the shit coming out of your mouth
Sad self plank 😵‍💫
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Says the self righteous, pompas, cowardly individual who throw insults from behind the anonymity of his basement keyboard.
I have grandkids and my comments took them into consideration.
Grow up & enter the debate as an adult. And as he's usually a balanced poster on here, I thought better of Pete S & I'm surprised that he's given a thumbs up to your abuse.
 
gjr69 said:
My guess would be renewable and nuclear. And I'm with Wizz on the wind turbines I think they have an aesthetic beauty that an electricity pylon or gas storage facility can never possess but for some reason people don't point out the ugliness of pylons!
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Have you worked out how to store electricity on the TWH scale yet?
 
Lost Seasider said:
Have you worked out how to store electricity on the TWH scale yet?
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You aren't going to live forever, so maybe give a bit of thought to future generations. We can't carry on as we are and if that means making some changes to how we live so be it. Slow down the pace of life, make love to your wife by candlelight do whatever you want but we need to stop using as much energy until somebody much cleverer than me, that doesn't have self interest or a financial agenda, comes up with the answers.
 
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gjr69 said:
You aren't going to live forever, so maybe give a bit of thought to future generations. We can't carry on as we are and if that means making some changes to how we live so be it. Slow down the pace of life, make love to your wife by candlelight do whatever you want but we need to stop using as much energy until somebody much cleverer than me, that doesn't have self interest or a financial agenda comes up with the answers.
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"No" would've been quicker.
 
Lost Seasider said:
"No" would've been quicker.
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Im not a scientist! You are putting a lot of pressure on me but my points are valid. We need to change the way we live, not just find an alternative to fossil fuels and carry on with this crazy idea that increasing GDP year on year makes the world a healthier, happier place.
 
gjr69 said:
Im not a scientist! You are putting a lot of pressure on me but my points are valid. We need to change the way we live, not just find an alternative to fossil fuels and carry on with this crazy idea that increasing GDP year on year makes the world a healthier, happier place.
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Okay, turn off all electrical powered appliances in your house and let's see how long you last.
 
gjr69 said:
You aren't going to live forever, so maybe give a bit of thought to future generations. We can't carry on as we are and if that means making some changes to how we live so be it. Slow down the pace of life, make love to your wife by candlelight do whatever you want but we need to stop using as much energy until somebody much cleverer than me, that doesn't have self interest or a financial agenda comes up with the answers.
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Can we just go over the bit about making love to Lost Seasider's wife by candlelight again?
 
Lost Seasider said:
How are you posting?
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I'm using my phone and I didn't say go back to the stone age!
Be thoughtful about your use of energy and try to consume less energy and material goods is the point I tried to convey.
Seems reasonable to me, to anyone that has a selfish attitude maybe not.
 
gjr69 said:
I'm using my phone and I didn't say go back to the stone age!
Be thoughtful about your use of energy and try to consume less energy and material goods is the point I tried to convey.
Seems reasonable to me, to anyone that has a selfish attitude maybe not.
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A special wind powered/wind up phone perhaps?

My point is that it's the easiest thing in the world to say "we must change the way we live", or "we must learn to consume less energy", but actually doing it is the hard part, and as things stand it amounts to "we must all live like medieval peasants", so er, good luck selling that at the ballot box.
 
Lost Seasider said:
A special wind powered/wind up phone perhaps?

My point is that it's the easiest thing in the world to say "we must change the way we live", or "we must learn to consume less energy", but actually doing it is the hard part, and as things stand it amounts to "we must all live like medieval peasants", so er, good luck selling that at the ballot box.
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You are obviously one of the people with a more selfish attitude. And you aren't on your own by a long way. I'll continue to do my bit in my own small way and by doing that I will still be living a much better life than a medieval king!!
 
585 = never give up said:
Says the self righteous, pompas, cowardly individual who throw insults from behind the anonymity of his basement keyboard.
I have grandkids and my comments took them into consideration.
Grow up & enter the debate as an adult. And as he's usually a balanced poster on here, I thought better of Pete S & I'm surprised that he's given a thumbs up to your abuse.
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I totally disagree with your opinion. Wind and sun are the answer. 👍
 
Tangerinemoss said:
Longer term, I genuinely think tide and wave will take the place of baseline power generation, they will never run out as long as we have a Moon
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True they won't run out. But it's awkward to harness & expensive & probably environmentally disruptive & unsightly. We may not have much choice in the long run. Makes me wonder if it's all worth bothering about though, with all the greed & aggression & manipulation in the world. I'll still try to do my bit though.
 
Sooty59 said:
True they won't run out. But it's awkward to harness & expensive & probably environmentally disruptive & unsightly. We may not have much choice in the long run. Makes me wonder if it's all worth bothering about though, with all the greed & aggression & manipulation in the world. I'll still try to do my bit though.
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Bit of a hobby horse of mine, so ignore me if I get ranty 😂

Wave energy projects have been successful, but have never attracted the continuing funding to take to trials. With what we now know about how the carbon industry has lobbied against renewables, it makes you wonder. Tidal would have big impact, Morecambe Bay or the Severn, huge ecological impacts. Wave, however, little local impact apart from the shipping, ironically would protect fish stocks after installation, and a phenomenal amount of energy available. The stretch of water between the North of Scotland and Orkney could provide the whole UK requirement many times over in theory. One of the things that attracts me to Labour's Energy GB is that it would be in its interest to invest in research for these systems.
 
Sooty59 said:
True they won't run out. But it's awkward to harness & expensive & probably environmentally disruptive & unsightly. We may not have much choice in the long run. Makes me wonder if it's all worth bothering about though, with all the greed & aggression & manipulation in the world. I'll still try to do my bit though.
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What's so attractive about a coal mine and power station, or indeed a gas/oil rig?
 
Tangerinemoss said:
Bit of a hobby horse of mine, so ignore me if I get ranty 😂

Wave energy projects have been successful, but have never attracted the continuing funding to take to trials. With what we now know about how the carbon industry has lobbied against renewables, it makes you wonder. Tidal would have big impact, Morecambe Bay or the Severn, huge ecological impacts. Wave, however, little local impact apart from the shipping, ironically would protect fish stocks after installation, and a phenomenal amount of energy available. The stretch of water between the North of Scotland and Orkney could provide the whole UK requirement many times over in theory. One of the things that attracts me to Labour's Energy GB is that it would be in its interest to invest in research for these systems.
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I'd be delighted if this energy source could be used & although I'm not that well informed about it, you are absolutely correct about other suppliers vested interest's & the no doubt skulduggery surrounding them.
 
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