Recent development of shale gas promises in the longer term to bring down the price of oil as ground transport and industry swap to the cleaner and cheaper source of energy, says a leading think tank. A new report for the Global Warming Policy Foundation by Matt Ridley, "The Shale Gas Shock," highlights that unconventional gas is not only abundant and relatively cheap but promises to cut into the market share of more costly nuclear and renewable energy and even coal.
Recent development of shale gas promises in the longer term to bring down the price of oil as ground transport and industry swap to the cleaner and cheaper source of energy, says a leading think tank. A new report for the Global Warming Policy Foundation by Matt Ridley, "The Shale Gas Shock," highlights that unconventional gas is not only abundant and relatively cheap but promises to cut into the market share of more costly nuclear and renewable energy and even coal. GWPF ...
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