That is the headline the Scotsman put on it, thereby being equivocal about the fact that it is £5 bn a year.
SCOTLAND is sitting on up to £5 billion of natural gas reserves which could be extracted using the controversial technique known as fracking, financial experts said today.
A report from PricewaterhouseCoopers (PwC) said Scotland is in a prime position to “capitalise” on shale gas, which is produced by fracking, due to the expertise that already exists in the country’s oil and gas sector.
Reserves of the gas, which has helped transform the fortunes of the United States economy, potentially lie beneath a huge swathe of central Scotland stretching from Aberdeenshire to Dumfries and Galloway.
But the moratorium has now been lifted by the UK government, with large parts of Scotland such as Fife, Stirling and Aberdeenshire now being viewed as ripe for the dash for shale gas.
The PwC report Shale Oil – the Next Energy Revolution said fracking could boost the UK’s Gross Domestic Product (GDP) by around 2 to 3.3 per cent by 2035 – worth about £30bn to £50bn.
That gives us about 10% of the UK reserves, just over our population %.
£5bn comes to £1,000 per head per year. In fact if it meant we didn't have to pay for the extortionate windmillery and thus electricity and gas prices came down to a fraction of what they currently are, rather than rising another 60% as the politicians want, it would have an effect several multiples of that effect and certainly get Britain and Scotland out of recession.
In reporting this the Scotsman chose to give the views of the Green party and the state funded Campaign Against Fracking in Scotland, whose views were obvious ,plus the SNP, who avoided saying anything and the Conservatives whose support of ending recession was lukewarm. but not of UKIP, the only party unequivocally in favour of lower energy prices and thus ending the recession.
If the present SNP had had any power in the 1970s there would be no interest in whether "Its Scotland's Oil" because they would simply have prevented it being extracted as they now are with shale.
SCOTLAND is sitting on up to £5 billion of natural gas reserves which could be extracted using the controversial technique known as fracking, financial experts said today.
A report from PricewaterhouseCoopers (PwC) said Scotland is in a prime position to “capitalise” on shale gas, which is produced by fracking, due to the expertise that already exists in the country’s oil and gas sector.
Reserves of the gas, which has helped transform the fortunes of the United States economy, potentially lie beneath a huge swathe of central Scotland stretching from Aberdeenshire to Dumfries and Galloway.
But the moratorium has now been lifted by the UK government, with large parts of Scotland such as Fife, Stirling and Aberdeenshire now being viewed as ripe for the dash for shale gas.
The PwC report Shale Oil – the Next Energy Revolution said fracking could boost the UK’s Gross Domestic Product (GDP) by around 2 to 3.3 per cent by 2035 – worth about £30bn to £50bn.
That gives us about 10% of the UK reserves, just over our population %.
£5bn comes to £1,000 per head per year. In fact if it meant we didn't have to pay for the extortionate windmillery and thus electricity and gas prices came down to a fraction of what they currently are, rather than rising another 60% as the politicians want, it would have an effect several multiples of that effect and certainly get Britain and Scotland out of recession.
In reporting this the Scotsman chose to give the views of the Green party and the state funded Campaign Against Fracking in Scotland, whose views were obvious ,plus the SNP, who avoided saying anything and the Conservatives whose support of ending recession was lukewarm. but not of UKIP, the only party unequivocally in favour of lower energy prices and thus ending the recession.
If the present SNP had had any power in the 1970s there would be no interest in whether "Its Scotland's Oil" because they would simply have prevented it being extracted as they now are with shale.
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