The US shale gas and oil revolution has shown that hydrocarbons are almost everywhere, Grealy writes, and we no longer need to go to the ends of the earth or spend or spend a ton of capital to find them. The new energy paradigm is a world where the most attractive projects are those closest to markets.
The world has plenty of shale resources, a report showed last week. Europe can either access their own, or buy someone else’s, but shale is the future either way, Grealy writes.
A growing number of lawmakers are calling for energy companies to pay for fuel costs borne by poor Britons.