A few years ago, the U.S. was an “energy couch potato” — consuming lots of energy without offering much production to the global energy mix.
Now, as U.S. energy companies aggressively pursue the oil and gas locked in layers of shale rock, other countries are sitting on the sidelines, said Al Holcomb of the San Antonio-based Lewis Energy Group.
“The rest of the world is still sitting,” Holcomb said. “It’s given us an unbeatable edge.”
...
For now, most European countries remain opposed to hydraulic fracturing, the process of using sand, water and chemicals pumped at high pressure to fracture dense rock formations to release oil and natural gas. Holcomb believes that’s a strategic mistake. “I would be much more afraid of (Russian President Vladimir) Putin and the Russians than I would be of fracking,” Holcomb said.
...
France definitely has a fear of fracking, but it has other liberal diseases too. The most likely areas for development in Europe are Poland and Ukraine both of which are open to fracking and both of which ahve suffered under Russia's energy thumb. The UK also seems ambivalent about fracking as they persue the less economic wind fantasy.
Comments
Post a Comment