UK’s South England holds billions of barrels of shale oil

Posted by Bloomberg: Nidaa Bakhsh on May 24th, 2014
Bloomberg: Shale rock underneath some of the wealthiest counties in southern England may contain billions of barrels of oil, a government report said. The Weald basin, covering counties south of London including Surrey, Sussex and Kent, may have oil in place of as much as 8.6 billion barrels, according to a report published today by the British Geological Survey. It didn’t say how much could be extracted profitably. The U.K.’s current extractable oil reserves are 3.1 billion barrels, data by BP Plc (BP/)......

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