Francis Egan is angry. Not in an earth-shaking, mortar-cracking way, but clearly frazzled. As chief executive of Cuadrilla Resources, the company leading efforts to extract shale gas in Britain, Egan is the defender-in-chief of fracking – and he is riled. “People calling you baby killers and stuff like that. It’s ridiculous,” he complains. “You can disagree with fracking, say it’s the wrong way for the country to be getting its energy, but no one’s child is going to be killed as a result of this. Not a chance. So, yes, it does annoy me.”
Times 13th Jan 2019 read more »
Saudi Arabia has finally silenced its peak-oil critics and simultaneously revived interest in its stalled $2 trillion (£1.6 trillion) plan for a stock market float of state-owned producer Aramco. The kingdom revealed this week it has enough crude to pump at current rates for at least another 70 years. At the end of 2017, Saudi oil reserves stood at an eye-watering 268bn barrels, up from previous estimates of 266bn. By comparison, the UK’s remaining cache of retrievable oil under the seabed of the North Sea will be almost completely drained, probably after another couple of decades.
Telegraph 12th Jan 2019 read more »