Enough is enough, America in the BP witch-hunt. It's beginning to sound lile anti-British xenophobia as new lawsuits are threatened - yet fraudulent claims have been found to be made. For the full article go here.
Here's my take (just published) on today's major government announcement about the latest upgraded estimate fore the potential 'goldmine' of shale gas beneath the UK. For the full article go here. And here's a taster:
The figures for potential UK shale gas reserves just went stratospheric. The UK Government has now confirmed the much-rumoured finding that UK shale gas resources are potentially huge – as much as twice the size of the highest previous assessment.
According to the British Geological Survey report which focuses on just one shale gas play, the Bowland Shale in the UK north-west, the basin could hold as much as 1300 trillion cubic feet of natural gas – while the upper figure potential suggests 2000tcf.
A piece of mine that 'hit got a lot of air play' net-wise last week. It is a truly monumental idiocy that keeps the renewables fantasy 'afloat'. For the full article go here or here. But here's a taster:
Energy insiders have long known that the notion of ‘renewable energy’ is a romantic proposition – and an economic bust. But it is amazing what the lure of guaranteed ‘few strings attached’ government subsidies can achieve. Even the Big Oil companies bought into the renewables revolution, albeit mostly for PR reasons. Like Shell, however, many quickly abandoned their fledgling renewable arms. Post-2008, they knew, the subsidy regimes could not last. Neither was the public buying into the new PR message.
Now it was just a question of time before Europe’s world leading pioneers of solar and wind power, Germany and the UK, decided they had had enough of the self-inflicted economic pain. And all the signs are – as Germany’s solar sector just went belly up and the UK is made aware of how much every wind job actually costs – that the slow implosion of the renewables revolution is under way.
Here's a taster:
It’s hard to fathom. In March 2013, the UK, Europe’s largest gas consuming nation, was reportedly just just “six hours from running out” of natural gas. With North Sea gas production falling and gas imports hitting a record high during the fifth coldest spring on record, the country’s dependence on overseas supplies is growing steadily. All of which has re-focused attention on the coalition’s dithering over the UK’s potential “new North Sea” of shale gas.
Big Green has become Big Business and is dragging down our economy. Our piece just published at The Commentator spells it out. And here's a taster:
As Peter Lilley MP noted in a Spectator article (May 11, 2013) powerful NGOs are actually heavily funded by government – and they waste no time in using that income for spreading climate scare stories through the media; scare stories that rarely, if ever, bear close scrutiny. Yet, the WWF receives a huge £4million in UK government support, with a further €600,000 coming from the EU. Friends of the Earth Europe receive a massive £1.2 million from the EU.
Let’s get it straight, Big Green is Big Business. Next time you are moved to pitch your ‘hard-earned’ cash into a tin shaken before you while being regaled with a nonsense message – e.g. that carbon dioxide is a ‘pollutant’ – you might like to bear that in mind.
Actually a variant with additions on Europe's Fracing Energy Mess published last week. For this full article go here.
It’s almost as if the world is turning while the Eurocracy, somehow, manages to stand still. While the rest of the world recognises the on-going inherent reality that oil is still an indispensable player, ideological Brussels politicians prefer playing with windmills and funny plastic sheets.
The great petroleum geologist Wallace Pratt said, "Oil is found in the minds of men". He was referring to the theory of making new discoveries. In the case of Eurocrats, however, it’s more of a practical observation.
I remember well the 1970s. The country was in a desperate economic plight. The unions were demanding ludicrous pat rises of 30 percent and upwards. Union leaders were constantly at No 10 demanding this and that. Maggie changed all that and, quite literally, saved the country from becoming an economic basket case.
The idiot National and Union of Students (among others) out celebrating her demise today are too dumb to grasp any of this. It is wealth creation through capitalized enterprise and self-reliance not an entitlement culture and every-increasing welfare and government dependency that helps people to draw themselves out of poverty. Margaret Thatcher understood that. When she took office unemployment was 13 percent in the UK! When she left office around 5.5 percent. Think about it.
A major shift away from the power of the OPEC 'tyrannies' is under way as Israel's enormous gas and oil finds start to pump. And it's only the beginning of a paradigm shift "West" in terms of great energy security in the West.
A story overshadowed by the Cyprus banking crisis that is the real BIG story impacting the geopolitcs of the Middle East - and which most of the media has missed. Here's a taster:
But if anything offers a litmus test for trends in hard-nosed realpolitik, it’s the cutting of strategic international energy deals. While the Western media persists in warning of apocalyptic consequences should Iran’s nuclear ambitions lead to outright conflict with Israel – a conflict drawing in Russia et al. – an entirely different scenario is developing as Moscow is buying long-term into the Israeli-Cypriot gas and oil energy bonanza.
The Budget morsel most of the media missed in terms of its vital long-term impact on the UK economy covered in the above article from me.
For the full article go here to The Commentator (UK).