[Newsbot]

Title: US gas boom: A tool against Russian coercion
Category: Business
Posted By: N_Fiddledog
Date: 2014-03-13 17:15:29

[N_Fiddledog]

Bill Whittle tells you the real problem in the vid below. Why the West is slow to deal with Russia as energy bully boy.

[N_Fiddledog]

This is also interesting...

"Should Russia's seizure of Crimea include a takeover offshore gasfields, Ukraine's best remaining sources of new energy will be its two large, untapped shale finds.

Ukraine has Europe's third-largest shale gas reserves at 42 trillion cubic feet (1.2 trillion cubic metres), according to the U.S. Energy Information Administration.

Kiev has signed a deal with Chevron to develop the Olesska block in western Ukraine and one with Royal Dutch Shell to develop its Yuzivska field in the east.

"Unrest in any part of the world related to oil and gas production and transport argues in favour of long-term diversity of supply," said the International Association of Oil and Gas Producers.

Thus far, Europe's hoped-for shale boom has struggled, with estimates of Poland's reserves slashed, public unease holding up British plans, and outright bans in France and Bulgaria."

http://www.reuters.com/article/2014/03/ ... WI20140314

[bootlegga]

Sorry but I gave up after two minutes of him railing on and on about how terrible Obama was...

Your link, while somewhat biased as well, notes this;

$1:

Initial U.S exports, even if they went to Europe rather than pricier markets in Asia, would not suffice to offset Russian domination of the market.

as well as this;

$1:

"America's gas would be more expensive than Russia's...

Further, without any method of shipping (facilities or large numbers of LNG carriers) the massive amounts that Europe would need, it's something that might make a difference in 10 or 20 years.

Canada too has an over-abundance of natural gas but no way to ship the huge amounts needed by Europe.