The Garden Lobby: Scotland’s shale reserves – a bonanza or a damp squib?
COMMENT: Grayling Scotland's Garden Lobby blog looks at today's British Geological Survey report on shale gas in Scotland, and wonders what will come of the reserves.
“A modest amount” or “a lot more….than we previously thought”. These are the reactions to today’s publication from the British Geological Society/DECC research assessing the potential shale gas and oil reserves in the Midland Valley of Scotland.
The 105 page report estimates a central range estimate of around 80 trillion cubic feet of shale gas in central Scotland and six billion barrels of shale oil.
To put this in perspective, the North of England has an estimated 1,300 trillion cubic feet of shale gas and 4.4 billion barrels in the South of England alone.