Thursday, 15 November 2012

North Sea Mk II: Britain is sitting on a £1.5 trillion gas goldmine which could bring enormous economic benefits... but is it safe?


Britain is sitting on a £1.5 trillion shale gas bonanza that could be worth more than the remaining North Sea gas.

The amount is bigger than previously thought and would potentially bring energy price stability and independence from imports for decades.

Although only about ten per cent of the gas is in unpopulated areas suitable for extraction, it would still be worth £150 billion.

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