Climate crisis or the fuel of the future? Our panellists battle it outby Benny Peiser / June 19, 2014 / Leave a comment
Published in July 2014 issue of Prospect Magazine
Britain is on the cusp of a shale gas and oil revolution which could help to rejuvenate the economy and bring cheaper energy to millions of people.
Britain holds one of the biggest shale basins in the world. The British Geological Survey estimates that there could be 1,300 trillion cubic feet of shale gas trapped below the north of England alone. In addition, there are huge reserves of shale oil that lie below many areas of the United Kingdom: recent estimates suggest there could 4.4bn barrels of shale oil in the Weald Basin of southern England and a new report suggests there are even bigger shale oil resources below Leicestershire.