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Thread: Europe's energy suicide contrasts with US trend to oil and gas self sufficiency.

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    Default Europe's energy suicide contrasts with US trend to oil and gas self sufficiency.

    See Europe left behind as shale shock drives America’s industrial resurgence - Telegraph

    The author is one of the leading financial journalists in the UK on European economic issues.

    US oil and gas growth is driven by fracking of shale oil and shale gas,allowing extraction from previously difficult rock formations.

    Germany was spooked into abandoning nuclear power by the Japanese nuclear disaster,ignoring the latter's moderate loss of life and its earthquake prone siting.

    The UK seems chronically unable to do big infrastructure projects in energy or anything else.

    Quote:
    -Citigroup thinks US output of crude and equivalents may top 15.6m b/d of crude oil and equivalents by 2020 [millions of barrels a day].
    -US Energy Department expects 11.4m b/d next year
    -"America will no longer need a drop of crude from the Islamic world."
    -"Germany thinks it can power Europe's foremost industrial machine from offshore wind in the Baltic. "It is a religion,not a policy...very near blackouts."
    -"France has shale but has imposed a drilling moratorium...
    -"Britain has been sauntering towards a debacle for a decade.Eight coal plants are to close by 2015...Much of the UK's nuclear industry is on its last legs."

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    Politics.ie Member seabhcan's Avatar
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    The anti-nuclear movement is insane. However, fracking is still experimental, has proven health and environmental problems - and while it might be fine for the US, the EU is far more densely populated.

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    Europe has oil and gas reserves as well, it just needs to rob them off the Russians.

    A military adverture is required.

    Operation Bar-Barrosso !!!
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member drummed's Avatar
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    Quote Originally Posted by Analyzer View Post
    Europe has oil and gas reserves as well, it just needs to rob them off the Russians.

    A military adverture is required.

    Operation Bar-Barrosso !!!
    No Pravda involement this time? Not even a bread and circus reference? Are you taking it easy for the bank holiday?
    Сохранить Украины

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    Any European country is within its right to be spooked by what happened in Japan. Any responsible state should keep worst case scenarios in mind. Including what would happen if prime agricultural land was to be contaminated by a nuclear disaster.

    Maybe we should be using less energy and natural resources overall.

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by McDave View Post
    Any European country is within its right to be spooked by what happened in Japan. Any responsible state should keep worst case scenarios in mind. Including what would happen if prime agricultural land was to be contaminated by a nuclear disaster.

    Maybe we should be using less energy and natural resources overall.
    No. There is no risk of tsunami in Germany, for example. Certainly none in Bavaria where many German nuclear power plants are.

    The hysteria around nuclear energy is like a millennial cult. It has no scientific basis.

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    Quote Originally Posted by seabhcan View Post
    The anti-nuclear movement is insane. However, fracking is still experimental, has proven health and environmental problems - and while it might be fine for the US, the EU is far more densely populated.
    Fracking has been around for decades on a modest scale. Not one court case has claimed damages against it. Some cowboy drillers have caused problems,however.

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    Quote Originally Posted by patslatt View Post

    The author is one of the leading financial journalists in the UK on European economic issues.
    I prefer to read the views of leading energy journalists on energy topics.



    US oil and gas growth is driven by fracking of shale oil and shale gas,allowing extraction from previously difficult rock formations.
    Fracking is a ponzi scheme. The depletion rates on these wells are off the scale. They have no long term future.



    Germany was spooked into abandoning nuclear power by the Japanese nuclear disaster,ignoring the latter's moderate loss of life and its earthquake prone siting.
    Germany had long since abandoned Nuclear Power. There were attempts by the loony right to reverse the policy, but the reality of what happened in Japan scuppered their idiotic notions.




    Quote:
    -Citigroup thinks US output of crude and equivalents may top 15.6m b/d of crude oil and equivalents by 2020 [millions of barrels a day].
    -US Energy Department expects 11.4m b/d next year
    -"America will no longer need a drop of crude from the Islamic world."
    -"Germany thinks it can power Europe's foremost industrial machine from offshore wind in the Baltic. "It is a religion,not a policy...very near blackouts."
    -"France has shale but has imposed a drilling moratorium...
    -"Britain has been sauntering towards a debacle for a decade.Eight coal plants are to close by 2015...Much of the UK's nuclear industry is on its last legs."
    Global oil output peaked in 2006.

    Deal with it.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

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    Quote Originally Posted by SPN View Post
    I prefer to read the views of leading energy journalists on energy topics.


    Fracking is a ponzi scheme. The depletion rates on these wells are off the scale. They have no long term future.


    Germany had long since abandoned Nuclear Power. There were attempts by the loony right to reverse the policy, but the reality of what happened in Japan scuppered their idiotic notions.

    Global oil output peaked in 2006.

    Deal with it.
    Lots of oil companies are investing heavily in fracked oil and gas. There is enough well production data by now to estimate decline rates of production. If they have underestimated the declines, you could seize the consulting opportunity to put them right!

    America had remaining reserves in 1937 of 7 years oil production and it has been about 7 years ever since.

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    Quote Originally Posted by McDave View Post
    Any European country is within its right to be spooked by what happened in Japan. Any responsible state should keep worst case scenarios in mind. Including what would happen if prime agricultural land was to be contaminated by a nuclear disaster.

    Maybe we should be using less energy and natural resources overall.
    The scenario of global warming without nuclear power is more scary than the risks of nuclear accidents. The experience of the US,UK,France and Germany gives confidence in nuclear power,offsetting the negatives of Chernobl and Japan's earthquake accident.

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