30 Jan '16, 2pm

Fracking Rights in Wales Sold for £1 https://t.co/xz2FS6UJ6S

Fracking Rights in Wales Sold for £1 https://t.co/xz2FS6UJ6S

There are many ways you can question the logic of the British Government’s pro-fracking push. Before we mention ongoing issues of water contamination; air pollution; earthquakes; problems with household insurance; the effect on house prices; massive public opposition to the technology and climate change, there is the slight disconnect with the oil price. As the international oil and gas industry implodes off the back of the oil price and cuts exploration and production projects worldwide, the British Government is belligerently backing fracking. The Government seems blinkered to the fact that the low oil and gas price makes widespread fracking even more unlikely across the UK. Indeed, news from Wales is that the company which owned fifty per cent rights to frack in the south of the country, Eden Energy, has sold its share for the paltry sum of £1, plus a royalty if oil or ...

Full article: http://priceofoil.org/2016/01/29/fracking-rights-in-wales...

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