David Cameron says drilling for shale gas should take place at more sites

David Cameron says drilling for shale gas should take place at more sites

David Cameron warned last night that Britain was ‘missing out big time’ on the benefits of fracking by not drilling at enough sites in the search for shale gas.
The British Prime Minister said it would be a ‘big mistake’ if the Government did not encourage fracking across Britain. He said the Government would dispel ‘myths’ from green groups that drilling for gas would lead to earthquakes, and he dismissed fears that it could lead to water taps catching fire.
At a question and answer session in Lancashire, the Prime Minister said: ‘I will just give you one figure to show how much we are missing out. ‘In the whole of the European Union last year there were 100 shale gas wells dug.
‘At the same time in the United States there were 10,000. ‘Their gas prices are about half the level of ours. So we would be making a big mistake if we didn’t think hard about how to encourage fracking and cheaper gas prices.’
‘Now, the EU has about three quarters as much shale gas as the US so we are missing out big time at the moment and I want to make sure Britain doesn’t miss out’.
Oil and Gas Press

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