UK has enough shale gas for a millenium
February 9, 2013
The UK may have enough shale gas to last 1000 or even 1500 years.
Shale gas reserve estimates keep on increasing. We have the peculiar situation where Russia and some of the large oil companies attack shale gas only because some of their existing business may be threatened. But they all also have strong positions with shale gas. But what is clear is that “peak gas” has been postponed by several hundred years and there is no energy crisis in sight.
The Times has seen advance copies of the British Geological Survey’s new estimates of shale gas reserves in the UK:
Britain could have enough shale gas to heat every home for 1,500 years, according to new estimates that suggest reserves are 200 times greater than experts previously believed. The British Geological Survey is understood to have increased dramatically its official estimate of the amount of shale gas to between 1,300 trillion and 1,700 trillion cubic feet, dwarfing its previous estimate of 5.3 trillion…
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