UK oil and gas reserves may last only a decade, study claims

The UK oil industry is entering its final decade of production, research by scientists at the University of Edinburgh suggests. A study of output from offshore fields estimates that close to 10% of the UK’s original recoverable oil and gas remains, 11% of oil and 9% of gas resources. The study also claimed that fracking is unlikely to be economically feasible in the UK because of a lack of sites with suitable geology.

http://www.hazardexonthenet.net/article/139707/UK-oil-and-gas-reserves-may-last-only-a-decade–study-claims.aspx

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