Licenses have been granted to fracking firms in 38 constituencies in the South East of England according to an analysis by Greenpeace reporters covered in the Financial Times.
The tar sands of Canada had been the “almost” story of the global oil industry for decades, but the economics and technical challenges of turning a semi solid bitumen into a petrol and diesel prevented – until the last decade – the rapid expansion of one the biggest fossil fuel reserves on the planet.
Europe’s energy markets are in chaos. With Ofgem carrying out an investigation in the UK into the way the price of gas is set the European Commission (EC) has raided the offices of Shell, BP, Statoil and Platts as part of an investigation into rigging of the oil price.
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