U.K. shale gas E&P shares fall after fracking moratorium

first_imgU.K. shale gas E&P shares fall after fracking moratorium FacebookTwitterLinkedInEmailPrint分享Reuters:Shares in British shale gas explorers fell on Monday morning after the government announced at the weekend that it is imposing a moratorium on fracking.On Saturday, the government said that the gas extraction technique risked causing too much disruption to local communities through earth tremors.Fracking, which involves extracting gas from rocks by breaking them up with water and chemicals at high pressure, is fiercely opposed by environmentalists who say it is at odds with Britain’s commitment to reach net zero carbon emissions by 2050.The government had previously signalled its support for the shale gas industry as it seeks ways to cut Britain’s reliance on imports of natural gas that is used to heat about 80% of Britain’s homes.IGas (IGAS.L) shares tumbled by as much as 20%, while shares in Egdon Resources (EGRE.L) fell by 14%.Leading shale gas explorer Cuadrilla is 47.4% owned by Australia’s AJ Lucas (AJL.AX) with a fund managed by Riverstone holding 45.2%. Shares in AJ Lucas were down 24%.“Cuadrilla will continue to work with the OGA (regulator) to provide the government with the confidence to lift the moratorium so the significant high-quality natural gas resources in the Bowland Basin can be commercialised,” said AJ Lucas Chairman Phil Arnall.IGas said it has a “significant recoverable gas resource” at in the Gainsborough Trough in eastern England.It estimates there is 630 billion cubic feet of gas in place per square mile. If applied to its entire acreage in the East Midlands, this would equate to 270 trillion cubic feet of high quality natural gas.More: UK shale gas explorers’ shares fall on fracking moratoriumlast_img read more

5 banking predictions for 2015: Card security, savings rates and more

first_imgby: Simon ZhenThe start of the new year means we’re once again anticipating new banking trends. In 2015, we believe we’ll see enhancements and upgrades to our existing financial accounts so that our ability to grow, protect and manage our money, experiences significant improvements.Last year, we were accurate with 4 out of our 5 banking predictions and we’re looking to improve our success rate in 2015. Here are MyBankTracker’s 2015 banking predictions:Prediction #1: Breaches taken more seriously by banksThere’s no doubt that payment card breaches took the spotlight in 2014 — millions of consumer debit and credit card accounts were compromised. Month after month, another retailer would reveal that it was a victim of a data breach that jeopardized customer information. We wouldn’t be surprised if you had an account or two affected by these breaches.So far, many affected retailers have offered free credit protection plans to affected consumers for just one year. Meanwhile, banks and credit card issuers have fronted the costs of these data breaches. For instance, it costs money to reissue new cards and provide refunds on unauthorized purchases.In 2015, it is already certain that credit cards in the U.S. will start to see widespread use of EMV-chip credit cards to improve card security. Bearing the initials for Europay, MasterCard and Visa, the chip secures digital payment information whenever you use your credit card for a purchase. Major card payment companies (i.e., American Express, Discover, MasterCard and Visa) are requiring stores and card issuers to offer them by October 2015. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Don’t be the weird guy in your office

first_imgI suppose we’re all weird in our own way. But, then there’s those people who take weird to the next level. There’s a great askreddit thread that asks, “What does the weird guy in your office do that creeps you out?” This is the guy you don’t want to be. Here are some of my favorites. (I’ve edited some of the harsher language…)“I put my meatball sandwich in the office refrigerator someone ate the meatballs out of the sandwich but not the sandwich. thats pretty creepy to me.” – SwanchSwabzMaybe he’s on a low carb diet.“Close talker. Really close. You back up and he follows you.” – LittleLarryThis is a highly aggressive close talker.“In my old job a guy came in ~5.30 in the morning and would beat the sh*t out of the vending machine to try to get free food.” – ZeruviIt’s always feels good to be the first one in the office, but not for this reason.“I work tech support help desk, the weird guy in our office is outwardly social and goes to the gym 3 times a week. F*ing monster.” – beefstendersI guess being the normal guy in an office full of nerds makes you the weirdo.“I am probably the weird guy in the office, to be honest. I have no idea what people might think I do that’s creepy though, but it might be the farting.” – warpusYeah that’ll do it.“Use to sit next to this guy who would eat full packets of mayonnaise at 8am. He would then turn to tell me something while his mouth of full of mayonnaise.” – AnElectricForkNo.“He will not touch food. He eats his sandwich with the baggie still wrapped around as much of it as possible. He eats bags of popcorn or chips with a spoon. He eats his bagel with a fork stabbed through it. Very strange, but also highly entertaining.” – undercanopy813Haha. At least this guy provides entertainment.“Not me, but my wife sits next to a guy who opens up oatmeal packets and throws in it his mouth along with water, making oatmeal in his mouth. He says he doesn’t have time to eat. Does the same thing with protein powder and milk.” – goode3790Who wants to wash a bowl every day?Hope you enjoyed these. For more, check out the feed. 39SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Detailslast_img read more