Tuesday 17 January 2012
Read this and rejoice for UK Shale gas reserves
No, not my grammatically poor prose, but this article here. This appears in businessweek but it reads more like a crazed press release from a desperate small company. Wild claims are made.
Yet, amazingly, this is all true. Shale gas really has brought about an energy revolution in the USA. There is now no demand for the ridiculous wind turbines nor the eye wateringly costly and risky nuclear power stations. And there is easily enough shale gas, which is a low carbon emitter compared to coal or oil, to last until real energy security is developed in the form of Fusion power stations - not due commercially for another 50 years or so.
America has over 400 hundred years reserves of shale gas. The reason to rejoice is that so does the UK - hundreds of years of energy freedom are at our finger tips. In a world where oil prices are being pushed up by mad mullahs in Iran - we have the solution to all our energy problems here at home.
There are of course some technical challenges to be worked out, such as not causing even tiny earthquakes. None of these are insurmountable though and most have been overcome in the can-do USA.
So on a day when the Euro news and much else is poor, at least this is a reassuringly good piece of news to digest.