Fracking should take place in Tory heartlands of south-east England "in the national interest", energy minister Michael Fallon has said, despite expert warnings that there was not enough oil in the region to spark a “huge bonanza”. A British Geological Survey study of the “Weald” basin revealed that 4.4bn barrels of shale oil was likely to lie in the area, primarily beneath Surrey, Sussex and Kent. Full story >>
An oil rush is a situation when a lot of people suddenly go to a place where oil has been discovered. • America's shale formations, in combination with new oil and gas recovery methods, have resulted in a new oil rush.