He sought to play down fears about the environmental dangers posed by fracking, claiming there was "no evidence" that it would cause contamination of water supplies or other damage if properly regulated.
Last week Mr Cameron said Britain would be "making a big mistake" if it did not seriously consider fracking and the prospect of cheaper gas prices.
The Prime Minister said the country is "missing out big time at the moment" and Mr Osborne warned it would be a "real tragedy" for the UK to allow the "energy revolution" to bypass it.
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Rain clearing east tonight for a dry but fresher day tomorrow with plenty of sunny spells.
Heavy rain clearing east for a dry but fresher day tomorrow with some hazy sunshine.
Rain becoming heavy at times this afternoon before clearing tonight. Dry with hazy sunshine tomorrow but feeling fresher.