Cheap shale gas bubble ‘will burst within 2-4 years’: Expert

The current shale gas boom which has bathed the US economy in cheap energy will soon go bust, a former gas industry geologist has told EurActiv. According to David Hughes, a geoscientist and former team leader on unconventional gas for the Canadian Potential Gas Committee, the US boom on which many base their expectations is founded on shifting sands.

The future of shale gas in Europe was high on the agenda at an EU summit in Brussels on the 22 May 2013.

ESO: Background Information: European Council, Brussels - 22 May 2013 http://www.europeansources.info/record/european-council-brussels-22-may-2013/

ESO: Background Information: Hedegaard: Forget US-style shale gas revolution http://www.europeansources.info/record/hedegaard-forget-us-style-shale-gas-revolution/

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