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    Belfast Telegraph: Shale fuels offer us the chance to go greener

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Summary

Shale gas and shale oil offer a unique and magnificent opportunity and will also help go greener.

by: Sruthi

Posted in:

Press Notes

Belfast Telegraph: Shale fuels offer us the chance to go greener

While one must take note of warnings from the United Nations in respect of global warming, they should not necessarily be interpreted as requiring the immediate cessation of burning fossil fuels, or as having particular reference to shale oil and shale gas.

What we do need (and what also was sadly lacking when North Sea oil was discovered) is a plan. In the case of North Sea oil, the plan seems to have been to use up the resource and then go back to importing oil and gas.

Shale gas and shale oil offer a unique and magnificent opportunity unlikely to be repeated. Not only will they assist us towards energy security, they will also enormously reduce the balance of payments deficit.

A plan now would reap huge rewards for the day when even shale gas runs out. A proportion of the profits set aside could be directed, from the outset, towards developing green energy.

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