Thursday, 27 June 2013

Fracking Is Good For The Economy

I can't believe that all those environmental types are complaining again after the Government announced tax breaks and fast-track permits for shale gas exploration in the UK.
As the Government explained patiently yet again: 'The measures would kick-start the industry in a way that protects the environment and supports communities'.
Fracking will boost tax revenues, create jobs, reduce energy imports and drive down household bills so everyone wins.
Granted fracturing rock with high-pressure liquid to release the gas causes earthquakes, pollute water supplies, blight the countryside, causes buildings to subside and affects house prices but cheaper bills.
Again i grant you that it was said that when oil was discovered in the North Sea energy would be so cheap it wouldn't be worth printing energy bills but that was in the 60s, this is the 21st century.
Of course i also concede that in America where fracking has been going on for over a decade it has led to air pollution and chemicals leeching into the water table and polluting peoples tap water and yes, it has led to seismic activity and subsidence in homes that you cannot insure or sell but consider the profits of the energy companies.
Great news for energy firms and their share holders then, tough on everyone else but if we just keep repeating it will be good for the economy i think we can get away with it.

1 comment:

Keep Life Simple said...

lucy,

what human change only has positive impact? if fracking is prevented there will be impact and it will not all be positive.

if you put the government in control of all UK energy and remove the profit how much cheaper is a liter of petrol?

if you stop fracking how much better will the environment be? what will happen to the price of energy in the UK?

q