The UK Desperate For Energy Choses The Wrong Path
wotfigo; As available net energy declines for most of humanity, governments will become increasingly desperate. The power companies will push for Business As Usual high density fossil fuels over clean renewable but lower energy intensity sources. Coal, Natural Gas fracking & tight oil will be chosen locking the planet into irreversible climate change.And eventual catastrophic energy decline.
The current government has taken the fateful decision to pin its hopes, and much of the energy future of the country, on trying to prop up falling conventional gas supplies with unconventional alternatives. The second dash for gas has been launched with the lifting of the interim ban on fracking (imposed after minor seismic events in fracked areas) and plans to build 30 new gas plants. In his recent autumn statement, Chancellor George Osborne has announced the creation of a new Office for Unconventional Oil and Gas, along with plans for a system of generous tax incentives.
To recap, the energy profit ratio is extremely low, meaning that scarcely any more energy is produced than had to be invested in production. Depletion rates are very high, setting producers on a drilling treadmill that runs ever faster. Fracking is both capital and energy intensive, requiring a substantial surplus of both, well in advance of needing a return on either one.
This is exactly the boom and bust dynamic the UK is proposing to set itself up for as North sea depletion rates pick up steam and desperation sets in. After all, it was a similar desperation over conventional gas prospects that drove the industry in the US into trying to develop unconventional supplies.
Fuel poverty is sharply increasing:
At the Fair Energy summit today, hosted by The Independent and Policy Review Intelligence, Ed Davey, the Energy Secretary, will remind energy companies about new rules which mean they will have to be more open about the reason why electricity and gas bills are increasing. He says companies are exaggerating the expense of the Government's energy efficiency measures.
His comments will follow the shocking claim from the Government's Fuel Poverty Advisory Group that 300,000 homes will be pushed into fuel poverty by Christmas. A household is considered to be in fuel poverty if it needs to spend more than 10 per cent of its income on fuel for adequate heating.
The group also warns that unless the Government tackles the problem of people being forced to choose between heating and eating, nine million households could fall into fuel poverty by 2016. It is estimated that six million households are already in fuel poverty.
From; Â http://theautomaticearth.com/Energy/the-second-uk-dash-for-gas-a-faustian-bargain.html