Fracking 'could lower oil prices'

Updated
Fracking
Fracking

Production around the world of oil sourced through controversial "fracking" could drive down global oil prices and boost the UK economy, a report suggests.


Unconventional "shale oil" has the potential to reach up to 12% of total oil production, extra supply which could reduce prices by 25% to 40% in 2035 compared to what they would otherwise be, the study by consultancy firm PwC said.
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