Bishop Hill Shale momentum
Sep 21, 2012 Energy: gas The momentum behind the shale gas revolution is beginning to look almost inexorable. The Institute of Directors has now come out with a report backing the large-scale exploitation of this resource:
A new report from the Institute of Directors (IoD) reveals the huge potential of Britain’s shale gas reserves, calculating the job creation, decarbonisation and economic benefits of exploiting the shale gas on our doorstep.
Britain’s Shale Gas Potential, the latest report in the IoD’s Infrastructure for Business series, explores the extent of UK shale gas, the practical and policy implications of fracking and the lessons that can be learned from the US’s experience opening up their reserves. New polling of IoD members shows that British business leaders support developing a UK shale gas industry.
Is it now only Ed Davey and the environmentalist staff at DECC who stand in the way of wholesale change?
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Dung
"Lean: Homo Stupiditous"
Niet!
Homo Superbus - Arrogant Man!
A new species that claims the ability to control the temperature of this planet!
anonym
True. Once bitten, twice shy.
Austria's shale was sabotaged by regulations.
"Austrian energy group OMV has abandoned plans to produce shale gas in Austria because the hoops it would have to jump through to address environmental concerns made the project economically unviable, it said on Monday.
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But OMV said the introduction of a law in Austria that obliges companies to have a detailed environmental inspection before each planned project meant it was not worth its while.
"In this context, the project is economically not viable," OMV's head of exploration and production in Austria, Christopher Veit, told Austrian ORF radio.
OMV had said last December it planned to spend up to 130 million euros ($171 million) plus development costs to search for shale gas in Austria, but only if environmental issues could be resolved.
Like all exploration projects, the chances of its panning out were slight, it said at the time, but success could have covered Austrian demand of 8 billion cubic metres for two or three decades, it estimated."