The Sun, March 3, Matt Ridley
THE price of gas is through the roof thanks to Vladimir Putin, who has Europe’s energy market by the throat.
Britain is on track to spend a staggering £2BILLION on imported liquefied natural gas from Russia this year as war rages in Ukraine.
Household bills will skyrocket even more than they already were — and could hit £3,000 a year.
This is what happens when you rely on imported foreign energy.
And what makes it more maddening is that we don’t need to do this. We have supplies here.
Under Lancashire and Yorkshire lies one of the best reservoirs of natural gas in the world, known as the Bowland Shale.
At current prices, just ten per cent of this gas is worth several trillion pounds and could keep Britain supplied with gas for five decades.
And we will need gas for decades whatever happens: To back up wind farms, heat homes and make vital chemicals for industry.
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