Saudi Britannia?

Posted: April 15, 2015 by oldbrew in Energy, Politics
Tags: ,
Nodding donkey, or pump jack [credit: Wikipedia]

Nodding donkey, or pump jack [credit: Wikipedia]

Is this North Sea oil and gas – part 2, or will British politicians shy away from the wealth under our feet, citing nebulous climate theories that don’t work in the real world?

Huw Jenkins of Shale Energy Insider reports:
Following reports that the Jurassic Kimmeridge formation in England could contain more oil than Saudi Arabia’s Ghawar – the world’s largest oil reserve – the conversation about oil and gas drilling in England is heating up, once again.

Chris Faulkner, CEO of Breitling Energy Corporation based in Dallas, Texas, known by the media as the ‘Frack Master’, thinks that the reports are a “game changer” for England and that shale exploration will still be viable in the UK, despite oil and gas prices.

“We knew about this potential long before it became news and now UKOG has proven what the geology showed.  This is actually an extension of the same formation that was being extracted in the North Sea. It just comes on land, and ironically is not far from Gatwick Airport,” Faulkner said.

“This is a game changer for England, and they will now have to shift their entire focus on how to approach oil and gas production.  There’s too much at stake now for them not to,” he added.

“Shale oil gas will take some time to bring online, but this is a long-term investment and prices will always fluctuate up and down. Now the UK can gain independence from foreign supplies by developing this massive resource under its own soil.”

According to Faulkner, the two biggest obstacles to shale in the UK are growing public opposition and complex planning regulations.

From: Saudi Britannia? Jurassic Kimmeridge Formation “Game Changer” For UK Shale | The Global Warming Policy Forum (GWPF).

  1. oldbrew says:

    Austerity or prosperity – it’s a tough one 😉

  2. Carol says:

    The Kimmeridge clay also occurs in the Aylesbury Vale, White Horse Vale, and presumably all the way through Bedfordshire to Cambridgeshire and the North Sea. Is this part of the huge oil field they are talking about?

  3. craigm350 says:

    Reblogged this on the WeatherAction News Blog and commented:
    Independence from Russian gas. No locust like waves of bird mincing prayer wheels blighting our landscape.

    What’s not to like?

  4. Alan Poirier says:

    One sincerely hopes the powers that be recognize this field to be a godsend, but I have my doubts whether rationality will prevail. The UK and Europe in general have acted irrationally for the past 30 years.

  5. oldbrew says:

    Here’s the GWPF graphic of the relevant area.
    [provided by the University of Southampton]

  6. Bloke down the pub says:

    And all on the doorstep of the Green’s MP, what’s not to like.

  7. tgmccoy says:

    All the problems with the Middle East would be greatly alleviated by both Britain and America
    drilling here and drilling now-let them eat sand..

  8. Fanakapan says:

    The Yanks have that expression that ‘ Bullsh1t walks but Money talks’ and remarkably accurate it is.

    So at days end I have little doubt the oil will be recovered, despite the alarm caused to both commuting country dwellers and Green fantasy folk 🙂

    In the case of the gas, I dare say we ought to add the energy companies to the list also, for there’s no doubt that the growth of supply will hit their bottom line.

  9. oldbrew says:

    We still have the problem that the line of least resistance in the minds of our leaders is to buy it in rather than dig it out, even though it’s economically stupid to ignore our own resources.