RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

Wall Street Journal (July 8)

2014/ 07/ 08 by jd in Global News

“Just when the Ukraine crisis makes clear that the need to diversify Europe’s gas supplies couldn’t be greater, Germany wants to ban fracking.” If Environment Minister Barbara Hendricks gets her way, “most forms of hydraulic fracking will be prohibited until 2021,” cutting Germans off from the estimated 2.3 trillion cubic meters of shale gas that lies within their border.

 

Financial Times (October 8)

2012/ 10/ 09 by jd in Global News

“The Federal Reserve’s new round of quantitative easing may stall the dollar’s long term appreciation but it will not reverse it.” The dollar is being driven higher by four fundamentals: 1). The growing U.S. economy 2). The safe-haven status of U.S. bond markets 3). The shale gas revolution reducing U.S. dependence on imported energy 4). The determination of other central bankers not to let their national currencies appreciate. QE3 merely “presents headwinds to the dollar’s favourable fundamentals.”

 

The Economist (June 2)

2012/ 06/ 05 by jd in Global News

Fracking has resulted in a shale gas revolution. “At current production rates, America has over a century’s supply of gas, half of it stored in shale and other ‘unconventional’ formations. It should also spread, to China, Australia, Argentina and Europe. Global gas production could increase by 50% between 2010 and 2035, with unconventional sources supplying two-thirds of the growth.”

Fracking has resulted in a shale gas revolution. “At current production rates, America has over a century’s supply of gas, half of it stored in shale and other ‘unconventional’ formations. It should also spread, to China, Australia, Argentina and Europe. Global gas production could increase by 50% between 2010 and 2035, with unconventional sources supplying two-thirds of the growth.”

 

The Independent (September 20)

2011/ 09/ 22 by jd in Global News

The practice of “fracking” to access shale gas reserves is becoming widespread in the U.S. And now the UK faces the alluring promise that “drilling for shale gas in Lancashire could create as many as 5,600 jobs.” The downside is “that such drilling could also poison groundwater, pollute the atmosphere and cause major ecological damage.” The Independent believes the benefits do not outweigh the risks. “Fracking is an unconscionable gamble with potentially catastrophic results. It has already been banned in France. It should be banned in Britain as well.”

 

[archive]