Would more UK gas actually bring down prices?

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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The government has confirmed it is ending the ban in the UK on fracking, a controversial technique that involves drilling and using liquids at high pressure to release shale gas.

In her first speech as prime minister, Liz Truss said: “We will get spades in the ground to make sure people are not facing unaffordable energy bills.”

She has pledged to increase domestic energy production with more oil and gas from the North Sea as well as fracking.

And the new Business and Energy Secretary Jacob Rees-Mogg told MPs on 22 September: “We also need more secure and cheaper supplies of gas, which is why we are going to issue more licences and why we are looking at shale gas.”

He has said the government expects to award “more than 100 new licences” for oil and gas exploration in the North Sea.

But there have been…

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