The North Sea oil and gas industry will be almost finished within a decade, according to a controversial academic report. Geologists from the University of Edinburgh have calculated that only 10 per cent of the recoverable oil and gas remains and, at current rates of extraction, those reserves will be virtually dry within a decade. The geologists also analysed the economic feasibility of fracking and concluded that the controversial shale gas extraction method would not be viable in Scotland and only of marginal use in England.
Times 20th Sept 2017 read more »
Herald 20th Sept 2017 read more »
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