Regarding the debate as to whether or not Cuadrilla will win approval this summer - we all realize that the decision can go either way. After all, it's a government decision and governments are famous for making decisions that don't align with common sense. But in this case, anyone who argues that the probabilities of a denial are 50% or greater needs to explain this: copyright link/news/earth/energy/fracking/12130801/Ministers-plot-to-foil-anti-frackers.html
The man who makes the final decision, Greg Clark, showed his hand in that letter. He argues for taking away the planning decisions from local councils and for aggressively building out shale production. What am I missing? When the gentleman who is going to make the final decision has demonstrated such an obvious bias, aren't probabilities on our side?
AJL Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
