Will fracking bring down energy prices and keep our lights on, or could it be an environmental disaster? Kate Lamble and Ginny Smith speak to a panel of experts about whether fracking could really contaminate water supplies or cause earthquakes. Plus, can methane from Shale Gas extraction contribute to global warming? In the news, whether a country's hygiene is linked to their Alzheimer's rates, why we feel so good when we cheat and how to spot a pregnant panda...
Why should anything reduce energy prices? As long as there is a market, stuff sells for the highest price anyone is prepared to pay. There are so many steps between initial extraction and retail that the final cost has very little to do with the primary cost. There is no real competition to sell - when the price of crude oil increases, all retail suppliers increase their prices within a few days, even though today's crude won't be on sale to the public for at least a year, and if nobody bought the crude at today's inflated price, it would be cheaper tomorrow. And for as long as people believe the myth about global warming, most of what you pay is a very populist tax. alancalverd, Mon, 16th Sep 2013
Fracking is very controversial in the US as well. An interesting series of articles is available here: http://www.propublica.org/series/fracking Elisha, Mon, 16th Sep 2013