Conservative Home: The rightwing consensus on shale gas is about to be torn apart
The prospect of a British shale gas revolution attracts broad support across the centre-right. As well it might do, because unlocking this potential resource bonanza would have major benefits.
For a start, the economy would benefit – a home grown shale gas industry would undoubtedly boost growth, certainly help with our balance of payments and quite possibly result in cheaper energy prices. Shale gas, both in Britain and/or on the continent, would be good for energy security too, reducing European reliance on gas imports from Russia and the Middle East.
Sensible environmentalists also have reason to support shale – not only because it would mean less coal-fired power generation, but because – in the continuing absence of suitable energy storage system – flexible gas-fired generation is the only significant way of managing the variable output from renewables. MORE