UK shale gas deposits could be 10 times greater than thought

Reality bites!

The rush to fracking and shale gas goes on. There is no country which is not going to exploit the potential of much cheaper electricity generation and subsequent growth and job creation (and note that even Obama’s nonsense attack on carbon dioxide to placate the global warming fanatics takes great care to avoid any attack on shale gas). Shale gas recovery – unlike some other technologies – will not need any subsidies.

Now the British Geological Survey has reported that the UK shale gas deposits are huge and much, much larger than originally thought and “peak gas” has disappeared over the horizon.

BBC: 

UK shale gas resources may be far greater than previously thought, a report for the government says.

The British Geological Survey was asked to estimate how much gas is trapped in rocks beneath Lancashire and Yorkshire.

It said there could be 1,300 trillion cubic feet at one site alone, but it is unclear how much could be extracted.

Ministers are set to announce financial benefits for communities where fracking – the controversial extraction technique – takes place.

BBC industry correspondent John Moylan says the government is also likely to announce plans for tax incentives to encourage investment in shale gas, and a streamlining of the process to award drilling permits.

He describes the BGS survey as potentially a “landmark” moment.

The exploitation of shale gas and oil revolutionised the energy industry in the US, although there are questions over whether the same thing can be repeated in the UK. … 

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