Can Europe benefit from shale gas?

BBC: 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 gas prices rising sharply as supplies become scarce. Production in the North Sea is already falling fast. 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"......

Read Complete Article at Water Conserve: Water Conservation RSS Newsfeed

You can leave a response, or trackback from your own site.

Leave a Reply