24/01/2014

'Fracking Could Boost Economy' - David Cameron

Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses.

Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.

Hydraulic fracturing, commonly referred to as fracking, involves deep underground drilling to release a high-pressure mix of water, sand and chemicals to crack rocks and release gas stored inside.

According to the British Geological Survey, it is estimated that there could be some 1,300 trillion cubic feet of shale gas in the north of England.

The Prime Minister claims that this gas could give the UK a large economic boost along with ensuring the supply of cheaper, more secure energy.

(MH/JP)

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