Report finds “Gatwick Gusher” inland shale oil basin could add billions of dollars to the British economy and potentially offset natural declines from the North Sea. Photo courtesy of U.K. Oil & Gas Investments LONDON, April 18 (UPI) — The so-called Gatwick Gusher, a shale basin in the United Kingdom, could add as much as $74 billion to the nation’s economy, a study finds. U.K. Oil & Gas Investments commissioned Ernst & Young to examine the future potential of oil production from the Weald shale basin. “Assuming it can be extracted from a development site at the volumes projected by U.K. Oil & Gas, has the potential to generate significant economic value to the U.K. economy,” the report read. Oil & Gas U.K., the industry’s lobbying group, said the North Sea oil sector is in for a long period of decline, with less than $1.4 billion in new spending […]