europe \missing out\ on fracking boom
Last Updated : GMT 11:25:12
Arab Today, arab today
Arab Today, arab today

Europe \'missing out\' on fracking boom

Arab Today, arab today

Arab Today, arab today Europe \'missing out\' on fracking boom

London - AFP

British Prime Minister David Cameron warned Thursday that Europe was \"missing out big time\" on fracking and Britain would be making a \"big mistake\" if it shunned shale gas extraction. Cameron said hydraulic fracturing -- a controversial extraction method -- could bring cheaper gas prices, as he compared the number of wells being drilled in the European Union to the United States. A test drill in the countryside of Sussex, southeast England, has attracted a protest camp of hundreds, becoming the focus of a national campaign against the technique. Cameron said Europe\'s take-up of the technique compared unfavourably with the United States, where fracking has created an energy boom. \"In the whole of the European Union last year, 100 shale gas wells were dug. At the same time in the US there were 10,000,\" he told an audience in Darwen, northwest England. \"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 that Britain does not miss out.\" Last month, French President Francois Hollande ruled out shale gas exploration during his term in office. Fracking has also been the subject of fierce debate in Germany, where Chancellor Angela Merkel\'s conservatives dropped plans in June for a draft law on the technique amid concerns by some coalition allies. Britain reckons fracking could increase its energy security, create thousands of jobs and boost tax revenues. It also believes the US shale gas boom shows it could reduce energy imports -- which have reached record highs in Britain -- and bring down household fuel bills. \"We would be making a big mistake as a nation if we did not think hard about how to encourage fracking and cheaper prices right here in the UK,\" Cameron said. In the United States, \"their energy costs in business and their gas prices are half the level of ours\". Fracking involves using huge amounts of pressurised water mixed with chemicals to crack open shale -- sedimentary rock containing hydrocarbons -- to release natural gas. Environmentalists have warned that chemical-laced waste could contaminate fresh water resources, while fracking could cause minor earthquakes. Cameron insisted that \"very clear\" environmental procedures would have to be met before companies can obtain clearance to start fracking. \"Nothing is going to happen in this country unless it is environmentally safe,\" he said. \"There is no question of having earthquakes and fire coming out of taps and all the rest of it.\" The government plans to give local communities at fracking sites £100,000 ($150,000, 115,000 euros) for each well and one percent of revenues if it is commercially viable. \"If people can see a direct benefit from fracking and from shale gas, they will be more willing to really look at the arguments about what this will mean for \'my community\' if it goes ahead,\" Cameron said. \"I think in that way we can see wells dug and we can see the benefits of shale gas here in the UK.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

europe \missing out\ on fracking boom europe \missing out\ on fracking boom

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

europe \missing out\ on fracking boom europe \missing out\ on fracking boom

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday