Being Green - 14 April 2017

Fracking hasn’t been in the headlines much recently, but it’s not going to go away. The current state of play is that a limited number of licenses for exploration are going to be issued for the designated region in the Karoo to three entities – 3 to Shell, and one each to Falcon and Bundu. One of the reasons for the slow progress on fracking is the oil price, which has kept at a low level for most of this year and last, and the economic attractions of fracking are just not that great. But inevitably the oil price is going to fluctuate and probably trend upwards; and as for our economy- well let’s not go there.