A change in the shale story
Feb 14, 2013
Bishop Hill in Energy: costs, Energy: gas

PriceWaterhouseCoopers have issued a report on the impact of shale gas on the economy, which seems to take a rather different view to previous pontifications on this subject. According to BBC Business, PWC reckon that shale will add a trillion dollars to world GDP, with conventional producers like Russia being big losers. In a second story, on the Scotland pages, it is revealed that the report's authors expect oil and gas prices to be significantly depressed by a surge in shale production.

I'm sure Mr Cameron will see this as an opportunity to apply further taxes.

Update on Feb 14, 2013 by Registered CommenterBishop Hill

Correction: the report concerns only shale oil.

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