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Do house prices drive consumption?

Frackonomics

Gas and the UK’s energy future

Gas extracted from shale rock has the potential to create energy security for the UK but is also associated with significant risks and externalities. Alvin Birdi of the University of Bristol considers the economics underlying the national debate around fracking

Cuadrilla shale gas drilling rig at Weeton, near Blackpool, Lancashire

the model of demand and supply, externalities, the environment/climate change

In January 2014 the prime minister of the UK announced that the country would go ‘all out for shale’. His enthusiasm for extracting gas and oil from shale rock is counterbalanced by strong public opposition to the new technology of fracking. For instance, August 2013 saw protests in Balcombe, Sussex, and Lichfield, Staffordshire, during which the Green MP Caroline Lucas was arrested.

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Previous

Reading data in graphical form

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Do house prices drive consumption?

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