Folowing our comments on Tuesday about the potential of shale gas outlined by Professor Dieter Helm, theAdam Smith Institutehas published an even better case for exploiting the apparently limitless supply of the stuff lying off the coast of north-west England. ASI says Europe is going hell for leather for very expensive green renewables with coal backup while China and America are seeing the light on shale. Russia, it says, is worried about the future of its natural gas when demand is reduced;that pipeline coming across Europe wouldn't be able to hold us to ransom. |
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