Huge Oil Reserves Found in the UK

[the_tyrant]

http://www.petroleum-economist.com/Article/2904268/Unconventional/Cuadrilla-unveils-huge-new-UK-gas-resources.html

I wonder if new finds like this can finally break OPEC's stranglehold on the world economy

[TLAM Strike]

Just what we need, another Islamic country with oil...



:O:

[Torplexed]

From my reading it sounds to me that the story is about natural gas...not oil.

[the_tyrant]

From my reading it sounds to me that the story is about natural gas...not oil.
:oops::oops::oops:
LoL, news bots are just not the same without Vendor

[Torplexed]

Well, let's change the focus to maybe the UK can break Gazprom's stranglehold on the European economy. :D

[magicstix]

Just what we need, another Islamic country with oil...



:O:

I see what you did there!

[papa_smurf]

Its natural gas, not oil and it will be drilled using "fracking", not sure if thats good or not. Anyone here for/against fracking?

[Oberon]

There was an earthquake in the Lancs a while back which some have attributed to fracking.

In terms of where I stand on it, well until we find ourselves a decent alternate energy source then it's a necessary evil.

[JU_88]

Just what we need, another Islamic country with oil...



:O:

OH NO the U.S will surely incite a war with us now and send an invasion force...we have WMDs and everything :o , you already have a bunch of military bases here so should be pretty easy for you:woot:

[papa_smurf]

In terms of where I stand on it, well until we find ourselves a decent alternate energy source then it's a necessary evil.

Same here, especially as our current supplies of North Sea gas have peaked and now in decline and as a result we are now a net importer of gas. Will it reduce our household energy bills? maybe not judging by the latest price hikes by the "big 6" energy companies here.

[Jimbuna]

Looking forward to a 50%+ reduction in household energy bills, a massive increase in government spending on our social infrastructure and a reduction in income tax :doh:

[Betonov]

Looking forward to a 50%+ reduction in household energy bills, a massive increase in government spending on our social infrastructure and a reduction in income tax :doh:

I think it's time you change your dealer

[Herr-Berbunch]

OH NO the U.S will surely incite a war with us now and send an invasion force...we have WMDs and everything :o , you already have a bunch of military bases here so should be pretty easy for you:woot:

Totally wrong - the U.S. will liberate us by an indescriminate bombing campaign followed swiftly by ground troops wooing the local females with their nylons and chocolate. It will ask us to join them as an equal partner and we will (join them, not be equal!), barring the tights and chocolate. Sadly our WMDs were all sold off to up-and-coming dictatorships in the '50s thru '80s. :nope:

[Oberon]

Looking forward to a 50%+ reduction in household energy bills, a massive increase in government spending on our social infrastructure and a reduction in income tax :doh:

http://www.leftfootforward.org/images/2011/04/Margaret-Thatcher-David-Cameron-laughing.jpg

[joegrundman]

:har:

[Osmium Steele]

Totally wrong - the U.S. will liberate us by an indescriminate bombing campaign followed swiftly by ground troops wooing the local females with their nylons and chocolate. It will ask us to join them as an equal partner and we will (join them, not be equal!), barring the tights and chocolate. Sadly our WMDs were all sold off to up-and-coming dictatorships in the '50s thru '80s. :nope:

Resistance is futile...

[mookiemookie]

Looking forward to a 50%+ reduction in household energy bills, a massive increase in government spending on our social infrastructure and a reduction in income tax :doh:

You're a funny guy, Jim! :rotfl2:

[JSLTIGER]

There was an earthquake in the Lancs a while back which some have attributed to fracking.

In terms of where I stand on it, well until we find ourselves a decent alternate energy source then it's a necessary evil.

Fracking is supposedly OK, but you do have to wonder if screwing with the bedrock is going to come back to haunt us. I know that there's one area in PA where fracking resulted in the gas leaking into the groundwater, which is now flammable...

[Herr-Berbunch]

Fracking is supposedly OK, but you do have to wonder if screwing with the bedrock is going to come back to haunt us. I know that there's one area in PA where fracking resulted in the gas leaking into the groundwater, which is now flammable...

Just seen a video on the BBC website where people are igniting methane coming out of their taps for the first 5-6 seconds before water! :o

[Jimbuna]

I think it's time you change your dealer

http://www.leftfootforward.org/images/2011/04/Margaret-Thatcher-David-Cameron-laughing.jpg

You're a funny guy, Jim! :rotfl2:

LOL....one can live in hope :03:

[kraznyi_oktjabr]

Just seen a video on the BBC website where people are igniting methane coming out of their taps for the first 5-6 seconds before water! :o:o Do you have a link?

[TLAM Strike]

Just seen a video on the BBC website where people are igniting methane coming out of their taps for the first 5-6 seconds before water! :o

:o Do you have a link?

Link... (http://www.youtube.com/watch?v=OCxlkOb745c&)

[Jimbuna]

They'll not be laughing when they receive their gas bill :DL

[kranz]

at least be happy that no one tries to block its extraction.
20% of newly found shale gas deposits in Poland have already been bought by Russians. The minister of economy said: "even if a slight number of companies(right...20%)goes into Russian hands, there will be no problems with extractions of other spots". In practice it means that soon there will be no difference in prize between Russian and Polish gas.

[STEED]

This is a American one...

http://www.youtube.com/watch?v=PRZ4LQSonXA

I think I saw a British one very similar on the news a while ago.

[kranz]

@Steed
yup, that's the gas I was talking about :D

[STEED]

UPDATE

It is "highly probable" that shale gas test drilling triggered earth tremors in Lancashire, a study has found.

http://www.bbc.co.uk/news/uk-england-lancashire-15550458

[Jimbuna]

The jury is out until a definitive decision can be made :hmmm:

[STEED]

The jury is out until a definitive decision can be made :hmmm:

The Hotels are heading for boom times..."Did the earth move for you darling".

[Jimbuna]

The Hotels are heading for boom times..."Did the earth move for you darling".

Put my nightie down when your finished :DL

[STEED]

:rotfl2:

[Jimbuna]

:03:

[JU_88]

Theres a huge reserve of natural gas in my digestive system, (shouldnt have eaten all that pasta). :oops:
If BP tries to Frack me, I'll 'frakin' well sue them for sexual harrasment.