Quote by MidsCouple24
You must know more than the researchers on ITV then and more than the US Government because they say they get a massive amount of revenue from it, for licences and in tax from the companies, I believe we already get a lot of money from North Sea Oil and North Sea gas for example I don't see why fracked gas should be any cheaper
As I said before, I don't understand corporate taxation. The UK's Office for Budget Responsibility predicts oil revenue will drop from this year to by 2017-18. So anything that will plug the gap is of course a boost, but I still don't think describing it as a massive boost is accurate. If revenue from oil and coal is falling, but shale gas revenue increases, how much would the net revenue be? Would the Government still be receiving the same level of revenue?
Quote by MidsCouple24.
In the USA and Estonia they are enjoying cheaper electricity as a direct result of the cheap gas, don't ask me why I am just quoting the programme on ITV the other night that interviewed the people in the US
That may be so. But I guess I'm cynical, I don't believe that prices would drop significantly or even at all. Conversely I do believe that profits would go up.
Quote by MidsCouple24
Because if you can run your factory machinery and heating cheaper then you can lower the price of your products, many products require high heat to produce for example
As above.
Quote by MidsCouple24
I don't know why they have to be in the countryside but in Estonia they are and in the US they are, perhaps it is because they can rent the land from the farmers and because drilling in towns and cities may not get approval. The guy on TV who said we would need 100,000 locations was talking about the downside, but the locations they showed where the drilling had TAKEN place and were now pumping gas, were as I said so small you could fit them in sheds.
I would guess the reason why they are in the countryside in America is because of the vast area they have at their disposal. In Estonia's case I would suggest that they drill in the countryside because it doesn't affect the low population, 75 people per square mile, compared with England's 1054!
Quote by MidsCouple24No, it doesn't.
Estonia gets ALL its gas from fracking
Quote by MidsCouple24
Tell that to ITV then they said they do
Read You will see that Estonia is indeed doing very well from shale oil, but they are not fracking. And there is not a single little log cabin in site!
Quote by MidsCouple24
The USA is getting more and more, in the US the mistakes have been made and we can learn from that, personally I think that legislated correctly we could benefit greatly from this.
Not everything is
