UK Prime Minister Liz Truss ends national ban on fracking amid energy crisis

[rvZA]

U.K. Prime Minister Liz Truss ended England's ban on fracking Thursday, opening the door to domestic shale gas production amid a European energy crisis.

The return of fracking is just one piece of a larger energy and economy plan Truss is pursuing in her first weeks since gaining office. Her administration also announced a national freeze on household energy prices, a plan that will cost the government tens of billions.

Under Truss's plan, household energy costs will be limited to $2,900 per year after ballooning to $4,100 in 2022.

The U.K. and other European countries have faced a worsening energy crisis due to heavy dependence on oil and gas imports from Russia. Russian President Vladimir Putin limited exports to Europe after NATO countries imposed severe economic sanctions on the county for its invasion of Ukraine.

UK Prime Minister Liz Truss ends national ban on fracking amid energy crisis

U.K. Prime Minister Liz Truss removed a national ban on fracking and froze household energy prices Thursday. The country is facing a burgeoning energy crisis.

www.foxnews.com

 

[rvZA]

Just go back to coal-powered energy and get it over and done with. Ban green instead, the cause of all your problems.

 

[ScrooV]

https://twitter.com/i/web/status/1567832320211550209

 

[ShaunSA]

Good for you Liz!

 

[rietrot]

Good job. Already not as bad as people expected.

 

[Temujin]

Stealing more dreams, killing all the polar bears, demons

 

[The_Right_Honourable_Brit]

Excellent stuff.

Look at the USA which is far more energy independent than Europe right. They do have their environmental loonies but everyone pisses on them in energy production states Texas, which is where it really matters

 

[Arthur]

While I'm pleased that the ban on fracking is lifted, I'm at the same time dismayed and even horrified that such a ban can be imposed or lifted by PM fiat. Just as bad is the long-standing, ongoing, and worsening government distortion of the market pricing mechanism, also in energy.

I'm increasingly doubtful that there are enough sane Brits left to spot the iceberg before it's too late.

 

[rietrot]

While I'm pleased that the ban on fracking is lifted, I'm at the same time dismayed and even horrified that such a ban can be imposed or lifted by PM fiat. Just as bad is the long-standing, ongoing, and worsening government distortion of the market pricing mechanism, also in energy.

I'm increasingly doubtful that there are enough sane Brits left to spot the iceberg before it's too late.

I think most spot it. They just believe themselves trapped in basically a one party system of either labour or the "conservative" torries who is trying to out flank labour from the left.

Spoting the problem is easy. Everyone can see the problem. What to do is the question.

 

[RVQ]

She needs to carry on with Nuclear, Boris was a firm supporter hope she doesn't get bought out by Oil and Gas companies

 

[rietrot]

She needs to carry on with Nuclear, Boris was a firm supporter hope she doesn't get bought out by Oil and Gas companies

Lol she comes from an oil and gas background. However that isn't mutually exclusive with nuclear. You can have it all.

 

[konfab]

Just go back to coal-powered energy and get it over and done with. Ban green instead, the cause of all your problems.

No. Covering the landscape in soot is not what the UK needs.

Fracking is a perfectly decent alternative till the loonies get the message that nuclear power is the only way forward.

 

[R13...]

No. Covering the landscape in soot is not what the UK needs.

Fracking is a perfectly decent alternative till the loonies get the message that nuclear power is the only way forward.

Nuclear might be the way forward but there's more money in oil still so the lobby groups are pushing that and it seems their puppet is obliging them in double time.

 

[konfab]

Nuclear might be the way forward but there's more money in oil still so the lobby groups are pushing that and it seems their puppet is obliging them in double time.

There actually would be more money in nuclear as you can undercut natural gas on price.

 

[Pegasus]

Nuclear might be the way forward but there's more money in oil still so the lobby groups are pushing that and it seems their puppet is obliging them in double time.

I wonder if any of those evil oil selling people thought of investing in nuclear as well.

 

[R13...]

I wonder if any of those evil oil selling people thought of investing in nuclear as well.

Nuclear is too regulated for them so they prefer oil. They'll go nuclear if that goes more mainstream, why start a new venture when there's a current cash cow you can keep milking with willing politicians for sale.

 

[LCBXX]

Good. Time for sanity to prevail instead of throwing your lot in with angry Gretha.

 

[R13...]

Good. Time for sanity to prevail instead of throwing your lot in with angry Gretha.

Bowing to oil barons is bad as throwing in with Greta. We need a solution somewhere in the middle, oil extraction is a messy process with real possibility for destroying ecosystems.

 

[LCBXX]

Bowing to oil barons is bad as throwing in with Greta. We need a solution somewhere in the middle, oil extraction is a messy process with real possibility for destroying ecosystems.

Agreed. The middle wasn't an acceptable option when the woke-green solution was adopted.

 

[R13...]

Them evil oil people do invest in renewables.

Revealed: the oil & gas companies leading the way in renewable energy

BP and Equinor are among the companies best positioned to take advantage of future renewable energy disruption in the oil…

www.offshore-technology.com

How the 6 major oil companies have invested in renewable energy projects

Oil and gas is often painted as the dirtiest sector within the energy industry, but major companies have been investing heavily in renewable technologies

www.nsenergybusiness.com

These 2 Oil Companies Are Investing Heavily in Renewable Energy | The Motley Fool

But should you buy their stocks?

www.fool.com

And nuclear

Oil major Chevron invests in nuclear fusion startup Zap Energy

Oil major Chevron Corp <CVX.N> said on Wednesday it is investing in Zap Energy Inc, joining Italy's ENI <ENI.MI> and Norwegian state oil company Equinor <EQNR.OL> who have also backed nuclear fusion startups to reduce their carbon footprint.

www.reuters.com

Why Are Oil and Gas Companies Investing in Nuclear Fusion?

Nuclear fusion still looks like a long shot, but oil companies like Chevron are showing more interest.

www.greentechmedia.com

Evil everywhere.

Did I say they don't? I only said why nuclear isn't an inviting prospect for them. Renewables are where the money is going as investors shed fossil fuels so if they are to remain relevant and please shareholders then they'll invest in the next money spinner.