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deal guy

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deal guy

Re: Speid post# 22205

Friday, 03/21/2014 2:46:52 PM

Friday, March 21, 2014 2:46:52 PM

Post# of 68548
That statement was part of his push to move forward fracking in the UK and increase coal mining in the UK.

The UK has shale reserves but politically the UK has resisted fracking. EU natural gas prices are about 200% of the US price and 300% of the middle east price. They have been importing more and more gas from Eastern Europe as the North Sea reserves are exhausted.

The coal mining industry has been stunted by environmental regulation (among other things) over the past 20 years.

D-20 is not an answer to their structural issue in energy.
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