Additionally: The following is from the article out today and I wonder how the figures tie-in with what you were told when you invested? :
[Both politicians and industry have been exaggerating the potential of future fracking operations in the UK, an unreleased 2016 Government report suggested. It estimated that 155 fracking wells will be constructed by 2025, a fraction of the number predicted by a prominent industry report that has stated 4,000 horizontal wells could be drilled by 2032, with 400 wells per year at the peak phase of construction.]
Keep in mind that our Secretary of State can only rule to allow fracking because it WAS classified as 'Nationally Important' - these figures in the now released report, call into questions the significance of this industry and mean the decisions could revert back to local councils - 4 of which have rejected planning for sites in last fortnight alone.
Also as our government here 'sold' us this industry based on jobs and economics... the report negates these proclaimed positives (based on many wells) too:
[The projected boom for employment and investment in the UK these would bring, have been cited by ministers to justify the controversial practice.]
AJL Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
