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Environment & Energy
Related: About this forumScotland Has Billions of Barrels of Shale Deposits, Report Says
http://www.bloomberg.com/news/2014-06-30/scotland-has-billions-of-barrels-of-shale-deposits-report-says.htmlEdinburgh Castle stands on the horizon beyond the illuminated face of the Balmoral.
Scotland may have billions of barrels of shale oil and gas buried under the countrys most densely populated areas, geologists said today.
Scotlands central belt, running between Glasgow and Edinburgh, may have 80.3 trillion cubic feet of gas in place and 6 billion barrels of oil, a report by the British Geological Survey said. While its not an estimate of how much can be extracted, if only a fraction of that amount was drilled it could transform prospects for Scottish oil and gas output.
The oil and gas industry is central to the debate on Scotlands independence before a referendum in September. The yes campaign says existing fields in the North Sea will underpin the economy of an independent Scotland, while supporters of a no vote say declining production from offshore reserves leaves the country vulnerable.
The U.K. government is offering tax breaks to shale drillers to spur development of the resource as North Sea reserves dwindle The Bowland basin in northern England may supply local natural gas demand for half a century at extraction rates of 10 percent similar to U.S. fields, according to a report last year.
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Scotland Has Billions of Barrels of Shale Deposits, Report Says (Original Post)
xchrom
Jun 2014
OP
postulater
(5,075 posts)1. I would like to think
the Scots are smarter than to wreck their home.
You got that one... in spades.
I really like your sig line!
dipsydoodle
(42,239 posts)3. Ditto
MisterP
(23,730 posts)4. "it's Scotland's--" *fireball*