Monday, 24 January 2011

Can Europe benefit from shale gas?

In a field near Kirkham, between Preston and Blackpool, they are preparing
to drill a well that many say could change our energy outlook.

Up until recently, most economists had forecast
business gas prices rising sharply
as supplies become scarce. Production in the North Sea is already falling

But the recession saw prices fall and now the process of getting gas out of
rocks , shale gas as it's known, could bring huge new supplies.

The International Energy Agency (IEA) predicts that "unconventional"
resources such as shale could double our gas supply worldwide.

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