Wednesday, April 18, 2012

Double Dose of Good News On UK Shale

It's not often we can report on two bits of good news at the same time, but today there are two things worth noting regarding Shale gas in the UK. The first, and mostly importantly, is that a panel of experts convened by the government have given the go-ahead for fracking to continue. It's hedged with provisos and conditions to appease greenists, but it's decidedly a step forward. Even the odious Richard Black of the BBC reported the story rather than ignoring it. We hope, like the GWPF does, that this is a sign that belatedly common sense is asserting itself.

The second story is also connected with shale gas in the UK. This time it's a report from Reuters that suggests that the UK is sitting on vast off-shore shale deposits. Enough shale gas to put us in the top five in the world. The figures are mind-blowingly large: UK offshore reserves of shale gas could exceed one thousand trillion cubic feet

Of course it's more expensive to get at the stuff off-shore at the moment, but as the technology develops who knows when it will become economically viable. What it suggests though, is that shale is here to stay...

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