Washington Takes Note: The UK And Europe’s Fracking Fissures

GWPF "And that’s where the shale-gas revolution comes in. According to the geologists (as reported by Reuters), U.K. offshore reserves of shale gas could be as big as one thousand trillion cubic feet (tcf) compared to the country’s annual consumption of 3.5 tcf. Such figures are hard to grasp, but they apparently mean that Britain would regain its earlier North Sea oil status of being one of the main energy producers in the world. It would liberate Britain almost uniquely in Europe — almost because Poland too seemingly has vast shale reserves — from dependence on Middle East oil. Other things being equal — and assuming, as I do, that the shale gas revolution has not been overblown — Britain can look forward to a future of cheap and secure energy supplies for the foreseeable future."