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Is fracking doomed? UK shale gas reserves could be up to 80% lower than previously thought and run out in less than a decade

Estimates that Britain had the equivalent of enough gas to supply the UK for 50 years were seized on by politicians including former Prime Minister David Cameron.  He said Britain should 'get fracking' and that Britain was sitting on 1,300 trillion cubic feet of gas - around the same amount of gas as in the North Sea.  The 2013 study estimated the productivity of the shale fields in northern England by comparing the region to data taken from shale beds in the US.  New estimates based on lab analysis of actual shale rock suggest there may be less than 10 years' worth of gas at current levels of demand, at 150 trillion cubic feet.  Read more....

 

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