Wednesday, September 21, 2011

New Technology Can Make England Self-Sufficient In Energy

The drilling rig of Cuadrilla Resources explores the Bowland shale for gas, near Blackpool. Photograph: Christopher Furlong/Getty Images

Deep Under Lancashire, A Huge Gas Find That Could Lead To 800 'Fracking' Wells -- The Independent

The discovery of huge underground deposits of natural gas in Lancashire could lead to a massive expansion in the controversial process of "fracking" (fracturing rock), resulting in hundreds of new wells being sunk across the countryside.

Up to 200 trillion cubic feet of gas has been located by Cuadrilla Resources, which holds the licence to exploit the Bowland Shale area outside Blackpool, and claims 1,700 new jobs may now be created as a result of the discovery.

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My Comment: There are risks to this technology as outlined in this New York Times report .... but with energy shortages expected in the next few years, the risks to exploiting these reserves may become preferable than being dependent on OPEC and/or Russian supplies of energy.

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