Pioneering treatment reverses incurable blood cancer in some patients    Japan rattled by 7.5-magnitude earthquake, authorities warn of aftershocks    Australia's social media ban for children has left big tech scrambling    Riyadh–Doha high-speed train: What the new project will deliver in six years    In-person classes suspended in Jeddah and Rabigh schools on Tuesday amid issuance of a red alert    Al-Sharaa places a piece of Kaaba's Kiswa, presented by Saudi Crown Prince, at Umayyad Mosque    Saudi economy records 4.8% growth during Q3 2025    Maestro unveils 3 new flavors in collaboration with Netflix    Saudi Crown Prince, French President discuss over phone efforts to achieve regional security    Unicharm Gulf Hygienic partners with Qiddiya as official Family Care Partner of Six Flags and Aquarabia Qiddiya City    Crown Prince and Emir of Qatar co-chair Saudi-Qatari Coordination Council meeting in Riyadh    HONOR and Rotana Music Group announce Strategic Partnership, capturing unrepeatable moments at "Mohamed Abdo Sha'biyat Night"    Inside Saudi Arabia's next great digital leap    Netanyahu says second phase of ceasefire expected 'very shortly' during Merz visit to Israel    Thailand launches airstrikes on Cambodia as Trump's peace agreement hangs in balance    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



France's Mistake In Bowing To The Greens
Published in AL HAYAT on 16 - 10 - 2013

France, which imports all of its natural gas and oil, and which is experiencing an economic crisis with a high unemployment rate, has banned the production of shale oil and gas. This ban was affirmed by the country's Constitutional Court. It is a strange decision, one that resulted from pressure by France's Green Party, which frightens its partner in the Socialist government even though it does not wield large electoral power at large. France has banned this technology without conducting studies on whether there is a possibility to create energy by using it, and without any environmental impact assessment. France is paying for importing energy while European countries such as Britain and Germany have begun to use this technology. Moreover, it is striking that the Greens in Germany have more of an impact on domestic policy than in France. This summer, opponents of this technology in a British village halted the work of a company in West Sussex that was using fracking, prompted by the Green MP and town residents. Even so, Britain did not ban this technology, which has experienced considerable growth since it has been used and developed by American and western big firms.
At the beginning of the shale oil and gas revolution in the United States, small firms were involved, and they were not successful in developing it until large companies entered the scene to improve and use this technology. Because these giants are important on the stock exchange and have a bright international reputation, they developed this technology considerably in environmental terms. They were able to achieve a true revolution in the US, which might soon become free of imported oil and perhaps become an exporter one day. Based on the information, large-scale fracking operations are taking place in many parts of the world, not only in the US but also China, Latin America, Saudi Arabia and Algeria. However, according to an expert, in some of these places it will be difficult to extract oil and gas from shale as in the US, because not all shale deposits are the same. In addition, the relevant territory in most countries is owned by the government, while the private sector in the US owns the areas for extracting shale oil and gas, which has prompted its development. In any case, it is a big loss for a country such as France, where the giant Total is extracting oil and gas in Poland using fracking technology, to ban this activity without a study of French regions.
A report by BP says the total production of shale gas will triple by 2030 and "tight oil," whose extraction is difficult, will increase by six times. The US will remain the primary producer of shale oil for the next 20 years. Some, like Russia, are trying to enter the fields of drilling and production. The Russian government has introduced tax discounts to encourage investment, despite the problematic geological situation in some areas of the country.
Public opinion in the world remains very cautious about this technology despite the rapid development made in the US, while Green parties are heavily lobbying politicians in a number of European countries. However, France quickly bowed to the pressure, although it is in the interest of the country's economy to allow companies to undertake studies to assess the deposits and develop a technology that is daily outpacing all others in the field of energy extraction.
The French government might come to regret its tardiness in this sector, even if it is in the interest of oil producers who sell energy it needs. But France's declining economy will not benefit from this progress in shale extraction technology for oil and gas.


Clic here to read the story from its source.