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Surely fracking is just an oil and gas industry answer to the question 'how do we keep making money as the domestic supply of gas drops?'
No. I think its the answer to 'how do we ensure the maximum number of gas sources to remain competitive'.
The pitch to the government is on a number of counts; cheaper energy for voters, jobs, economic stimulus, tax revenue, energy security.
What confuses me is that everyone of these can be applied to renewables. Especially the economic case. The last government report I looked at in relation to AD/similar, estimated just the bioeconomy in the EU had a T.O. of €2t.
Edit: just in case anyone is interested in power / energy loads of info here, probably not very mobile friendly tho
http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=nrg_105a&lang=en
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hugo7
Surely fracking is just an oil and gas industry answer to the question 'how do we keep making money as the domestic supply of gas drops?'
They have then sold it in to governments as 'this is a great way to secure your domestic gas supply'
Whereas the question the government should be asking is 'how do we reduce demand and phase out gas altogether?'
If they shifted the billions of pounds in subsidies that goes into oil and gas into insulating homes and buildings and installing ground source heat pumps in every house it would be a good start.