Economic Valuation: Making Sense Of The Geology-Investment Link

Image source: acceleratingscience.com

Geology is often understood as a course in school which might elicit some flat assumptions from uninformed individuals. But in reality, the world has a lot to thank geologists for. Without their expertise, the world’s economy would have collapsed a long time ago, especially in this age where getting resources from the earth is what makes it go round, too.

Economic valuation is a method that experts use to determine the implications and impact of any given material found on the planet, as part of naturally occurring resources. In common parlance, geologists analyze ground content so that in their ensuing reports, they could give accurate assessments of soil’s potential for either farming, mining, or other economic activities. With geological technology, it is also now possible to determine how long resources will last, as sustainability is also a huge part of considerations.

Image source: enviromineinc.com

It is also the job of geologists to determine the viability of a property by studying the presence of specific resources. They literally lay down the groundwork for their more business-oriented colleagues in declaring whether there is money to be made from the soil or not.

Economic valuation has been the basis for many success stories in oil and gas investments. Geologists have earned respect from the companies they serve because of the critical nature of their advice concerning huge corporate moves. It makes perfect sense that they have a privileged control of the green light.

Know more about the oil and gas industry by visiting this Southlake Resources Group blog.

Oil News: Uk Approves One Of Two Shale Fracking Sites

The United Kingdom has given the go-signal for the construction of a fracking site in Lancashire. This is one of two shale gas extraction sites proposed by the company Cuadrilla and is now the subject of much controversy within the county. The first site – which would drill up to four wells – will be at Preston New Road, Flyde. The other site in Roseacre Wood, Lancashire, is still pending green light.

Initially, the New Road project was rejected due to highway safety concerns. The Lancashire County Council had approved the proposal but the planning committee voiced its concern. The go-ahead was given after a planning inspector saw no evidence of any severe environmental or human threat. That being said, there is still room for environmentalists and local campaign groups to air their opinions on the matter to the planning committee. These groups are concerned now that the Roseacre Wood site is likely to be approved.

Image Source: telegraph.co.uk

Still, companies within the oil and gas industry assure residents that the extraction process will not endanger wildlife or human habitation. Recent technological advances have improved shale gas extraction methods. Furthermore, since the extraction process is done hundreds of miles from the ground, there is less chance of harmful gases being emitted towards the atmosphere. Fracking is a safe endeavor and is the lifeline of several European countries, along with major states in America.

Southlake Resources Group has built its excellent reputation on forming workable joint partnerships between investors and companies in the oil and gas industry. To learn more about the oil and gas industry, follow this blog.