Blog Archives

Fracking Shale as Benefits and Costs


Shale Gas Benefits and Costs
Tamboran’s desk-top study suggests their operations might give the Republic (the equivalent of) 12 years of current gas consumption, 600 local jobs by 2025, and potential tax revenues up to €4.9 billion. (Tamboran Resources Press release 1st February. 2012)
Up to €4.9 billion equals an average of up to €140m per annum over 35 years – would that cover the cost of adequate regulation, inspection, legal fees and road repairs, social costs, to mention just some?
Set against current and planned/potential employment and foreign exchange earnings for food, drinks, and infant formula the above potential shale gas benefits are negligible. And it should be borne in mind that in 2011 the United States Geological Survey downgraded the Marcellus Shale gas reserves estimate by 80%. The original estimates were supplied by the industry.
(Bloomberg August 23rd 2011)The British Geological Survey has put the likely recoverable Shale Gas in Lancashire at less than 0.47 trillion cu. ft., which is 1/400th of Quadrilla’s stated estimate of 200 trillion cu. ft. (Guardian April 17th 2012).
Employment in Tourism is an important element in the rural and national economy. The NW & Borders region alone shows 15,432 employed, and nationally c. 178,000 employed. (Failte Ireland)
If only a 2% sales drop (from current figures) in the above industries’ earnings occurred over the next 35 years it would mean a loss of c. €8.2 billion. and job losses of 6000. A 5% sales drop (from current figures) would cost €20.5Bn over 35 years with 14,500 jobs lost. In addition, projected growth in sales and employment would be lost.
With our dependence on our clean green image, it is prudent to question if the losses might not be far higher. Moreover, to increase shale gas revenues by expanding the regional coverage will surely have the effect of correspondingly greater losses in exports and jobs. Energy alternatives
In addition to our commitment to the inevitable move towards renewable sources, we need to consider the following.
40% of our energy is used in domestic dwellings. That is a huge amount, and offers a big, clean, and safe opportunity. An investment in conservation measures could employ thousands who are already skilled at building, without any environmental risks, and help meet our emissions reductions commitments.
The energy benefits to be derived from conservation are permanent.
Household energy costs will be cut, freeing up money for spending with consequent jobs multiplier effects.
In Conclusion
There is optimism and enthusiasm for long-term sustainable growth in revenues and employment from Ireland’s Agriculture and Food Industry.
This is dependent on preserving Ireland’s reputation as a green, clean environment.
There is at present insufficient independent scientific data available anywhere to make a decision on shale gas. In the meantime, the Precautionary Principle must apply.
The gas will still be there in 20 years time.
Given the controversy surrounding the shale gas industry, there should be no requirement on the part of Irish people to prove anything.

 

 

MovieBabble

The Casual Way to Discuss Movies

OLD HOLLYWOOD IN COLOR

...because it was never black & white

LEANNE COLE

Art and Practice

CURNBLOG

Movies, thoughts, thoughts about movies.

FilmBunker

Saving you from one cinematic disaster at a time.

From 1 Blogger 2 Another

Sharing Great Blog Posts

Wonders in the Dark

Cinema, music, opera, books, television, theater

Just Reviews

Just another WordPress.com site

Mark David Welsh

Feeding Soda Pop to the Thirsty Pigs since 2013

conradbrunstrom

Things I never thunk before.

News from the San Diego Becks

The life and times of Erik, Veronica and Thomas

The Silent Film Quarterly

The Only Magazine Dedicated To Silent Cinema

Leaden Circles

First a warning, musical; then the hour, irrevocable. The leaden circles dissolved in the air.

My Archives

because the internet is not forever

CineSocialUK

Up to the minute, fair, balanced, informed film reviews.

PUZZLED PAGAN PRESENTS

A Shrine to Pop Culture Obsessiveness. With Lots of Spoilers

Thrilling Days of Yesteryear

“Nostalgia isn’t what it used to be” – Peter DeVries

thedullwoodexperiment

Viewing movies in a different light

Twenty Four Frames

Notes on Film by John Greco

Suzanne's Mom's Blog

Arts, Nature, Good Works, Luna & Stella Lockets & Birthstones

It Doesn't Have To Be Right...

... it just has to sound plausible

NJ Corporate Portrait Photographer Blog

The life of a corporate portrait photographer who likes to shoot just about anything.

arwenaragornstar

A French girl's musings...

Jordan and Eddie (The Movie Guys)

Australian movie blog - like Margaret and David, just a little younger

Octopus Films

A place for new perspectives on films, TV, media and entertainment.

scifist 2.0

A sci-fi movie history in reviews

The Reviewer's Corner

The Sometimes Serious Corner of the Internet for Anime, Manga, and Comic related things

First Impressions

Notes on Films and Culture

1,001 Movies Reviewed Before You Die

Where I Review One of the 1,001 Movies You Should Watch Before you Die Every Day

Movies Galore of Milwaukee

Movie Galore takes a look at Silent films on up to current in development projects and gives their own opinion on what really does happen in film!

The Catwing Has Landed

A Writer's Blog About Life and Random Things

Gabriel Diego Valdez

Movies and how they change you.

The Horror Incorporated Project

Lurking among the corpses are the body snatchers....plotting their next venture into the graveyard....the blood in your veins will run cold, your spine tingle, as you look into the terror of death in tonight's feature....come along with me into the chamber of horrors, for an excursion through.... Horror Incorporated!

Relatos desde mi ventana

Sentimientos, emociones y reflexiones

Teri again

Finding Me; A site about my life before and after a divorce

unveiled rhythms

Life In Verses

Gareth Roberts

Unorthodox Marketing & Strategy

leeg schrift

Taalarmen

100 Films in a Year

12 months. 100 films. Hopefully.

%d bloggers like this: