North Sea Mk II: Britain is sitting on a £1.5 trillion gas goldmine which could bring enormous economic benefits...

Daily Mail
"Britain is sitting on a £1.5 trillion shale gas bonanza that could be worth more than the remaining North Sea gas. The amount is bigger than previously thought and would potentially bring energy price stability and independence from imports for decades. Although only about ten per cent of the gas is in unpopulated areas suitable for extraction, it would still be worth £150 billion. ,,,,,Although the shale gas reserves are unlikely to mean a fall in gas prices, there could be enough to prevent expected big increases for years. Oil and gas experts are also hopeful about the high concentration of gas in UK rocks, which is richer than even US shale deposits and would require fewer wells. The Coalition hopes that shale gas can transform the economy in the way North Sea oil did in the Eighties and Nineties. David Cameron has chaired a seminar to which he invited shale gas experts to come to Downing Street."