British Prime Minister David Cameron warned Thursday that Europe was "missing out big time" on fracking and Britain would be making a "big mistake" if it shunned shale gas extraction. Cameron said hydraulic fracturing could bring cheaper gas prices, as he compared the number of wells being drilled in the European Union to the United States. "In the whole of the European Union last year, 100 shale gas wells were dug. At the same time in the US there were 10,000," he told an audience in Darwen, Northwest England. "The EU has about three-quarters as much shale gas as the US so we are missing out big time at the moment and I want to make sure that Britain does not miss out." --AFP, 9 August 2013
