Shale Revolution – Full Steam Ahead!
... institutional factors like environmental legislation and taxation do not allow for mass production. US market may well be most open and friendly for shale production in the West, but Europe is currently concerned about water pollution and other side-effects of fracking. On 1 April and 27 May 2011 two earthquakes with magnitudes 2.3 and 1.5 were felt in the Blackpool area, UK; these earthquakes were suspected to be linked to hydraulic fracture treatments at ‘Preese Hall Well’ operated by Cuadrilla Resources Ltd. Production was resumed only on 13 December 2012 after UK wide suspension was lifted. Nevertheless,...