French oil giant total to invest in michael kors outlet australia uk shale gas "The entry of the first major into uk shale gas licences is a further endorsement of the potential that exits.And demonstrates strong support for our operating capability,"Said igas energy chief executive andrew austin. Pressuretotal's senior vice president for northern europe patrice de vivies said the deal marked an"Important milestone"In a"Promising onshore play". The british geological survey estimates there may be 1, 300 trillion cubic feet of shale gas present in the north of england. But the process to extract shale gas called"Fracking"Has proved controversial. The oil majors(Bp, shell, total, exxon, and chevron)Waited in the wings for five years in the us while smaller exploration companies drilled for shale gas. When it became clear there were major commercial flows in america, then the majors piled in. Now it looks like the majors are getting interested in britain at a very early stage thanks in no small part to the confident reserve estimates from the british geological survey and the open arms of the uk government. The large energy players bring deep pockets and serious expertise with them and will be able to extract, sell and distribute any found gas quicker than smaller companies. The advantage for the consumer could also be mouth watering us energy costs are now a third of those in europe. If britain michael kors bags australia can extract 10% of the estimated reserves it could supply the entire country for almost 50 years. In december, a report commissioned by the department of energy and climate change(Decc), said more than half of the UK could be suitable for fracking. Proteststhe process has attracted anti fracking protests in the uk, with environmentalists fearing the technique could cause small earth tremors, water contamination and environmental damage. But the bbc's joe lynam said the announcement will be welcomed by the government which has championed shale gas as a major source of the uk's future energy needs. Our correspondent said total's entry into the uk's shale gas market is not insignificant and the other four major oil and gas companies could follow. If britain can extract 10% of its estimated gas reserves, it could supply the entire country for 50 years, our correspondent said. Boostin august, prime minister david cameron said the whole country should support fracking, insisting it is safe if properly regulated and could create thousands of jobs and reduce energy bills. Shale gas has helped boost the domestic michael kors online outlet energy industry in the us in recent years, where oil production has risen and gas prices have plummeted. Major oil companies waited for more than five years before investing in shale gas production in the us, but the uk will receive this major oil and gas company backing while the industry is still in its infancy. Senior government sources told the bbc that the total investment was a strong vote of confidence in the sector.

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