Supply-Side policies UK Shale Gas And The UK Economy Flashcards
1
Q
Since when has the UK been a net importer of gas
A
2004
2
Q
How can you extract shake gas
A
Fracking
3
Q
Costs of extraction / exploration
A
High - a single test and operation costs around £10 million
4
Q
Arguments towards shale extraction
A
- create jobs
- decrease energy bills
- reduce fuel poverty (reduced gas prices)
5
Q
Arguments against shale extraction
A
- carbon footprint
- climate risks
- highly water intensive
6
Q
Competitive advantage and human capital issues
A
Britain has experience in offshore oil and gas exploration and extraction but it remains to be seen whether the same human capital will be as effective in on-shore fracking
