UK Parliament / Open data

UK Shale Gas

Proceeding contribution from Michael Fallon (Conservative) in the House of Commons on Thursday, 18 July 2013. It occurred during Adjournment debate and Backbench debate on UK Shale Gas.

If the hon. Lady will excuse me, I will not give way.

The United States has felt the great difference that shale gas can make. It has reinvigorated the economy, gas prices have halved, reducing costs for industry and consumers, and billions of dollars of new investment and thousands of jobs have been created. Nations across the globe, including India and China, are looking in on that boom and joining in. We must start to think seriously about shale. We must get on and explore the resources that are there and understand the potential, to see whether shale gas can be extracted here as economically and as technically efficiently as it has been in the United States.

The third myth I must deal with is that we are somehow accelerating shale gas and that that means

increasing the risk. Conditions vary from country to country, of course, and it is already clear that the shape and development of the industry here will be significantly different from that in the United States. We have the advantage of learning from experience in the United States, but we are, as the hon. Member for Worsley and Eccles South (Barbara Keeley) said, a much more densely populated country, which has implications for where and how we can drill. The geology of our shale, as has been said, is much thicker in some areas, but we are committed to ensuring that the industry can prosper here if the conditions are right.

Type
Proceeding contribution
Reference
566 cc352-3WH 
Session
2013-14
Chamber / Committee
Westminster Hall
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