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Impartial Reporter

Who will pay the penalty for this madness?

Editorial Department • Published 12 Jan 2012 13:00 Mobiles Print Comments 2 Comments

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Dear Sir, - JR Ewing and "Dallas" have a lot to answer for. Some of our politicians must believe that shale gas extraction in Northern Ireland, better known as fracking, will usher in an era of wealth glamour, big shoulderpads and hairdos. Despite the hype by Richard Moorman, CEO of one of the Gas/Oil companies licensed to extract gas here, he doesn't seem to really share the dream.

From the 6th-8th February Mr Moorman will be at the The EMEA Unconventional Gas and Exploration Forum conference in Turkey where he will be talking about "building proactive government relationships." At the same conference Dr Ruud Weijermars will be talking about the economic return of shale gas operations. His introduction states -

"Shale gas operations are business ventures that compete for investor money. Operational profits from North American shale gas companies have been very low or negative. New projects are typically driven by the issuance of new shares. This is not sustainable and there are several factors that can help to improve the performance of shale gas wells: a rise in gas prices, and improvement of well productivity/cost ratio."

What a wonderful solution for us - a rise in gas prices!

We are told there are immense reserves of shale gas in the ground worth billions and billions but according to an EU report on shale gas in 2011, based on the US experience it is not unlikely that significantly less than 10% of the evaluated gas-in-place might be converted into recoverable gas reserves over the next several decades. They also find that the decline rate of shale gas wells is up to 85% in the first year. After several years all new wells are used to compensate for the decline of elder wells. As soon as the development of new wells stops, the overall production immediately declines.

This is not a good technology. The only way to keep getting the gas out is to keep drilling more and more wells and to keep fracking.

So what we stand to gain seems very nebulous.

On the other hand what we risk losing is very, very real: direct loss of arable land by well pads and access roads; significant risk of contamination to water and air with the potential to devastate both the agricultural and tourism industries throughout Northern Ireland. We risk the future of any of our industries which depend on the purity of our air and water, from Bushmills whiskey to the Fermanagh Lakelands. We risk water security, we risk food security and we risk the health of ourselves and our children.

Who will pay the penalty for this madness: the cost of lorries tearing up our roads; the cost of trying to clean up when the wells are spent? In the US the cost to restore and plug a well is over $100,000, but the gas companies are only been charged $10,000. The burden of the deficit falls on the taxpayer. And don't forget future healthcare costs and potential compensation claims. It took years for the dangers of asbestos to be recognised and the cost is enormous both in terms of human suffering and compensation. Knowing what we know, do we want to repeat this suffering by allowing fracking to proceed?

Only in JR's dreams would fracking seem like an economic bonanza.

Yoursfaithfully,

Majella McCarron

5 Wynchurch Road

Belfast BT6 0JH

This letter appeared in Impartial Reporter 12 Jan 12

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