6/27/13, "UK shale gas reserves 'greater than thought'," BBC
"UK shale gas reserves may be far greater than previously thought, a report for the government says.
The British Geological Survey was asked to estimate how much gas is trapped in rocks beneath Lancashire and Yorkshire.
It said there could be 1,300 trillion cubic feet at one site alone, but it is unclear how much could be extracted.
Ministers are set to announce financial benefits for communities where fracking - the controversial extraction technique - takes place....
The report for the government comes as energy regulator Ofgem is expected to warn that the risks of power blackouts has increased because excess capacity in the power industry has fallen in the UK.
In his Spending Review on Wednesday, Chancellor George Osborne said the government would "make the tax and planning changes which will put Britain at the forefront of exploiting shale gas".
BBC environment analyst Roger Harrabin says fracking is revolutionising energy markets in the US and the UK hopes to follow suit."...
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