UK ad watchdog admits it screwed up on Greenpeace fracking advert ban

Greenpeace didn't breach UK ad rules and experts largely agree, the ASA now says.

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[JPan]

Fracking in the UK might not make a huge difference. It's a Fucking global market. Doesn't change the fact that fracking globally saved the western world untold billions removed a ton of money from dictatorial regimes and made the political problems of the middle east into much less of an issue for us. So yeah go fracking. ( And Greenpeace can suck it in any case . Brent Spa lyers)

However I think the ruling is correct. In a global market fracking in the UK will not change UK prices too much.

 

[JPan]

themoose[/url]":1c6d7szq]

JPan[/url]":1c6d7szq]Fracking in the UK might not make a huge difference. It's a Fucking global market. Doesn't change the fact that fracking globally saved the western world untold billions removed a ton of money from dictatorial regimes and made the political problems of the middle east into much less of an issue for us. So yeah go fracking. ( And Greenpeace can suck it in any case . Brent Spa lyers)

However I think the ruling is correct. In a global market fracking in the UK will not change UK prices too much.

Your comment may have been relevant 20 years ago, but we have many viabile renewable alternatives to oil now. We shouldn't be figuring out new ways and more locations to extract burn fossil fuels in this day and age. It's pure greed with no regard for the (now short-term) future of our planet .

Which alternatives? Germany may have the highest rate of solar/wind and we pay dearly for it. Very high electricity prices the need to build new transmission lines for more billions neighbours who are pissed off by our electricity surges and block our networks and and that's the funny part more co2 output over the last years because we need base power and went back to brown coal. Pretty much the worst you can do.

Gas from fracking is 2-3 times cleaner than brown coal. For the next 20-30 years at least you still need fossile fuels for electricity base power. I prefer if this comes from the UK instead of Vladimir. If you like him annexing the Baltic states next you can disagree.

And that doesn't even mention that electricity is only a fraction of energy use. Electric cars are below 1% of the market and will stay that way for a while. And alternatives for heating your house are also thin on the ground.

Edit: 2-3 was a bit hyperbolichal. It's actually 80% more; still go fracking.

https://www.eia.gov/tools/faqs/faq.cfm?id=74&t=11

 

[JPan]

passivesmoking[/url]":2nya95ww]

JPan[/url]":2nya95ww]Fracking in the UK might not make a huge difference. It's a Fucking global market. Doesn't change the fact that fracking globally made energy companies untold billions removed a ton of money from your bank account and made drinking water that wouldn't endanger the health of poor people less of an issue for us. So yeah go fracking. ( And Greenpeace can suck it in any case . Brent Spa lyers).

FTFY

Actually fracking made a lot of normal people in the States rich since land owners there own what is underneath. Also this us vs. them bullshit of people versus corporations is getting old. Many of these companies actually went broke after the oil price dropped ( which saved people untold billions in gas and heating prices ). But they paid workers and equipment manufacturers billions in wages and capex.

But the biggest thing is the oil price. Before fracking it was pinned above 100$ per barrel. After fracking below 50$. So being conservative and at 7b barrels per year it saved the American consumers and companies around 350 billion freaking US Dollars per year. And cost the Saudis, Iranians, Russians, and Venezuelans as much. I am not sad. If you are then you are weird.

 

[JPan]

edzieba[/url]":113pggxh]

JPan[/url]":113pggxh]Doesn't change the fact that fracking globally saved the western world untold billions removed a ton of money from dictatorial regimes and made the political problems of the middle east into much less of an issue for us.

Until mid 2014, when oil prices tanked from $100 a barrel to below $30, and even now is below $40.
Hydraulic fracturing is undeniably a more expensive extraction method than can be used in the middle-eastern oil fields (where you practically poke a hole in the ground and collect your oil). At $100+ a barrel it made it economically viable for fracking and oil shale to produce output. At the current prices, they need to be subsidised or they operate at a loss. Even the North-sea gas fields are suffering at the current prices, and those have lower production costs than hydraulic fracturing.

A basic understanding of economics would be good. The prices collapsed BECAUSE of fracking. The prices went so low because the Saudis tried to push out other producers that have higher costs like oil sands and fracking. However this time it doesn't work. Sure Saudis can pump oil cheaper but the moment they go back to their old ways of restricting oil output fracking will be back in force. Unlike a deep sea well fracking can be switched on and off quickly and cheaply. Which makes fracking doubly cool for western economies. Its pretty much the best spent 50 millions the state ever did when they invested it in studying fracking technologies. At the moment only the already fracked wells are profitable but the moment OPEC tries to bring the price back up to 100$ new wells will be there in an instant. Not sure what idea you have with subsidies. That's again not how it works.

Even if you don't like business you should try to understand it a bit. Its not evil or good. It just is a system and most of the times it works amazingly well and sometimes it works badly. In this case it works very well. And I think its hilarious if you have in the same thread people complaining that fracking made big business billions and people who complain that it is not profitable. Neither of these would be by itself bad. Nor should anybody care. The important part is the effect it has which is low oilprices, less money for bad regimes, less incentive to meddle in oil countries politics and less dependency on count vladmir. I call this a win win win win.