The Telegraph: UK shale gas revolution is 'wishful thinking'
Hopes that shale gas will help prevent Britain suffering an energy crisis, reduce power bills and cut dependence on imports are “wishful thinking”, warns new research.
It is estimated that production would have to hit 4bn to 4.5bn cubic feet a day to offset natural gas imports.
There is little prospect of a repeat of the US experience where a shale gas bonanza has slashed costs and transformed the energy scene, says a report published yesterday by Bloomberg New Energy Finance.