Demand for gas remains high despite efforts to move to renewable energy sources such as wind and solar, but fracking may not produce the desired results thanks to the geology of the UK.
Lower energy prices are unlikely. The benefits of a sizable shale gas industry will be in terms of energy security, jobs in the UK and the economic contribution of producing gas here in the UK rather than importing it.
Prime Minister David Cameron has said that councils which back “fracking” will reap the rewards in their ability to keep more money in tax revenue in a scheme to promote the controversial energy source.
The drilling and hydraulic fracturing (fracking) of wells for oil or gas is a well-established technique and requires large quantities…
Hydraulic fracturing (or “fracking”) is currently one of the energy industry’s hottest topics due to its controversial techniques in the recovery of natural gases (hydrocarbons) from shale rock. Although its ease of access means a whole new means of sourcing energy and boost in gas production; questions arise around the stories of possible minor earthquakes to water contamination. Can we really split fact from fiction?