This is really momentous news:
Cuadrilla Resources believes there are 200 trillion cubic feet of “shale” gas in the Bowland basin, which could result in a Lancashire gas boom creating 5,600 jobs at peak production.
Yeah, yeah, unconfirmed, they might be causing earthquakes with their drilling, Chris Huhne has seen Gasland and thinks everyones’ taps will blow up.
However, the killer fact is this:
Executive director Dennis Carlton said initial results show a basin five to 10 times thicker than America’s Marcellus shale.
That is, in technical terms, what is known as a fuck of a lot of gas.
One very back of the envelope calculation states that this one field, only Lancashire, could supply the entire UK’s gas demand for 30 years. Yes, at peak winter demand.