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U.K. Fracking May Not Reduce Domestic Gas Prices, Report Shows

2013-04-26 07:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Developing U.K. shale gas may fail to follow U.S. precedent and cut local prices due to differences in geography, population density and environmental controls and as world fuel demand grows, according to a parliamentary report. On the flipside, shale would benefit the U.K. by reducing reliance on gas imports and adding to tax revenue, the House of Commons Energy and Climate Change Committee said in the report. Ministers should be careful not to base energy policy on an assumption that gas...

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