Jottings from SW Surrey. This used to be mainly about energy but now I've retired it's just an old man's rant. From 23 June 2016 'til 12 December 2019 Brexit dominated but that is now a lost cause. So, I will continue to point out the stupidities of government when I'm so minded; but you may also find the odd post on climate change, on popular science or on genealogy - particularly my own family.
Monday, 24 June 2013
Centrica Boost to Fracking
Centrica has bought a 25% stake in the Bowland Shale exploration licence. What does this mean? Is it signalling that shale gas and fracking are truly on the map now for the UK, or is it just Centrica hedging bets? Afterall, the £40m it has paid to Cuadrilla and the £60m it is putting into exploration and apraisal hardly rates as a hill of beans for the energy giant. A bit of bet hedging is my assessment at the moment. Fracking may come but it is not yet (nor is it likely to be in my opinion) the game changer that many are suggesting.
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