I just got back from my fracking awareness tour in England. The UK is trying to follow in Americas footsteps.
The development of shale gas in Europe could add as many as 1 million jobs to the economy, make industry more competitive, and decrease the region’s dependence on energy imports,
In addition, the UK economy could benefit from shale gas production, which could add a total of €3.5 trillion to the economy during 2020-50.
Europe is still in a period of difficult economic and social recovery. Its very clear to me that shale gas production could have significant economic benefits
They cannot afford to forego such an opportunity; That would translate into more jobs, more disposable income, better security of supply and ultimately more prosperity. I personally encourage policymakers to create the right conditions for exploration.