In reply to drunken monkey:
> What about Shale gas.....
At the peak of the shale gas boom in the USA there were 1600 rigs working.
Numerous wells were drilled.
As a result of their success the gas price plummeted.
Sounds a good idea.
Now answer the following questions:
How many land rigs are there in the UK?
How many fraccing trucks are there in the UK?
What is the maximum number of onshore wells that could be drilled in a year in the UK?
What could the productive capacity of each of these wells be?
(Fallon announced 30-40 wells could be drilled in the next four years for shale gas).
How many wells will get planning permission each year in the UK (an EIA is required now for every well)?
How much gas does the UK use every day?
What impact will shale gas development have on gas prices in the UK?
You know the answer if you can answer the previous questions, and the answer is obvious.
Business is all about bums on seats.
DC