BP: Shale Boom will Never Happen in the UK or Europe
Some
British ministers, especially Chancellor George Osborne, hope that
fracking will enable the UK to experience a shale gas boom similar to
the US, and completely change the energy market over the next twenty
years.Unfortunately BP’s chief economist, Christof Rühl, disagrees,
stating that Europe and the UK face very different circumstances than
the US, which will not enable shale gas production to really kick off
until around 2030, and even then only in small amounts.“Europe has
various problems: environmental concerns, outright…Read more...http://oilprice.com/Latest-Energy-News/World-News/BP-Shale-Boom-will-Never-Happen-in-the-UK-or-Europe.html
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