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Nick Grealy Was Right!
Although he was no fan of David Cameron, the former UK Prime Minister, I dearly wish Nick Grealy was still alive to hear what Cameron has been saying recently about the UK’s successful drilling of its first shale well. Platts carried the story and here’s what Nicj would have really liked (emphasis added):
“I passionately believe that there is big potential for fracking and unconventional gas in Britain, which has some shale reserves that could make a real difference,” said Cameron, the keynote speaker at the American Fuel and Petrochemicals Manufacturers annual conference in San Antonio.
“In the United States, there are 15,000, 16,000 shale wells. In Europe there are about 10 — this is pathetic. We are going to fall behind if we don’t extract the gas that we have that can make us more competitive, more energy independent, less reliant on Russian gas.”