Why fracking is not the answer to soaring UK gas prices

Even before Russia invaded Ukraine, the wholesale price of gas had quadrupled over the preceding six months. This was largely driven by too much demand chasing too little supply as gas producers struggled to cope with the economic bounce-back from the pandemic lockdowns, plus the tensions between Russia and Europe. This has seen nearly 30 UK energy retailers going bust, with many consumers facing ever-increasing energy bills, sparking a debate about UK natural-gas security that is only likely to intensify in the coming weeks and months.

from Energy & Green Tech News - Energy Sciences News, Green Tech, Energy, Energy Science https://ift.tt/ckH63aS

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