UK could overpay for energy if shale ignored-report

Brits need to put their hands in the sky and scream, “Shale-luhjah!”

Reuters reports:

British households are in danger of overpaying for their energy bills as government policy has ignored the potential emergence of cheap shale gas, a report by the Policy Exchange think-tank said on Friday.

Given recent developments in the shale gas sector, which have sharply reduced household energy bills in the United States, the report said gas prices could also fall in Britain.

“No one can predict future gas prices, but shale gas developments suggest prices may be lower than previously assumed”…

Read the entire report.

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