It has long been a lament of British governments that North Sea oil is running out, and with it energy independence and revenue. So the discovery of potentially vast reserves of shale gas in England must have struck the Chancellor as something of a miracle. The extent of shale gas is thought to be 17 times the remaining known reserves in the North Sea. With the latest advances in the technology, the coalition’s decision to lift the ban on fracking to exploit shale gas is understandable.
The model below and related models are available for download