When will MPs wake up to Shale?
It’s just baffling. The House of Commons committee on energy has today published a report entitled “UK Energy Supply: Security or Independence?” with hardly a mention of the 200 trillion cubic feet of Shale gas recently found outside Blackpool. As Matt Ridley wrote recently in his definitive Spectator piece, these reserves – if exploited – are “enough to keep the entire British economy going for many decades. And it’s just the first field to have been drilled.” It may well be that just a fifth of this are exploitable, but there is no mention of this potentially game-changing discovery in the committee’s report today. Instead, we are told that “is