There was lots of action on the UK shale gas front over the weekend. The Telegraph carried an interview with the head of Cuadrilla who was keen to press ahead, but warned against delay:
We have proven that there is gas and that it will flow. In the three years we have been doing tests, they have drilled 60,000 wells in the US. We don't have infinite patience and our investors don't have infinite patience.
The suggestion that George Osborne is going to offer tax breaks to shale gas developments was also surprising. Given that oil and gas fields pay a supertax on top of corporation tax this probably makes sense.
Commenting favourably on the interview, shale gas expert Nick Grealy revealed that he has had early information about the results of the forthcoming estimates of the UK's shale gas resource.
Total UK resource estimate will be confirmed by DECC scientists, not Cuadrilla posturing. I've seen the logs: MONSTROUS