The Scotsman: Shale energy ‘could kickstart recovery’

CHEAP energy provided by gas derived from shale will be a catalyst for the recovery of the Western economy, a Scottish investor has claimed.

 But Callum D’Ath, a divisional director for wealth manager Brewin Dolphin and chairman of its Edinburgh investment committee, warns Europe will be at a disadvantage to the US due to its focus on investing in more expensive wind and solar energy instead. 

The US has a glut of shale gas which has driven the price to new lows of $2.50 per gallon. But adaptation of coal fired plants to burning shale gas and oil, as well as reconfiguring gas facilities for export to China, is set to rebalance this.  MORE