• 3 minutes "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 9 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 23 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 12 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days Energy Armageddon
  • 6 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 4 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 7 days "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 7 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 24 hours Wind droughts
  • 8 days Goldman Betting on Cryptocurrencies
  • 11 days Сryptocurrency predictions
Oil Shoots Up On Huge Crude Inventory Draw

Oil Shoots Up On Huge Crude Inventory Draw

Crude prices jumped today after…

China Covid Protests Weigh On Oil

China Covid Protests Weigh On Oil

Growing protests in China against…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Scotland To Permanently Ban Fracking

The Scottish government said on Tuesday that it wants to extend a current moratorium on fracking into a permanent full ban, with a final vote likely taking place at the Scottish Parliament later this year.

“I can confirm that the decision of the Scottish Government is that we will not support the development of unconventional oil and gas in Scotland,” Scotland’s Energy Minister Paul Wheelhouse told the Scottish Parliament today.

In January 2015, the Scottish Government put in place a moratorium on granting consents for unconventional oil and gas developments in Scotland. Back then, the government promised to undertake further research on potential impacts before holding a full public consultation. The consultation ran from January 31 to May 31, 2017, and received more than 60,000 responses, the government said.

Today, Minister Wheelhouse told the Parliament that 99 percent of respondents in the consultation were against fracking. The ministers have a “moral responsibility” to tackle climate change, he noted.

“Fracking cannot, and will not take place in Scotland,” Wheelhouse said.  

First Minister of Scotland, Nicola Sturgeon, tweeted that “Scottish government backs ban on fracking”.

Just yesterday, The Scotsman reported that ministers of the SNP party of government had been warned by other parties that a failure to ban fracking would be a “betrayal” to climate change commitments Scotland has made.  Related: Say ‘So Long’ To The Oil Rally

The Labour Party, Greens, and Liberal Democrats are all opposing fracking and supporting a ban, so they would likely support the Scottish government in a Parliament vote on banning fracking.

Friends of the Earth Scotland welcomed the decision to ban fracking, which they described as a “truly momentous win for the anti-fracking movement.”

A British Geological Survey report from 2014 said that there were “modest” shale reserves in Scotland. The estimate of shale gas in place is 80 trillion cubic feet, and the central estimate for shale oil in place is 6 billion barrels of oil. The volumes of oil and gas that could be commercially extracted are likely to be much lower, according to the 2014 report.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News