Shale gas gives US competitive advantage
The implications are momentous. America will no longer need a drop of oil from the Islamic world. The strategic burden will fall on Europe, currently disarming itself to meet austerity targets.
...Europe is setting itself up to be dependent on the Middle East or the US, but its refusal to develop its own shale resources will be expensive for future generations and its reliance on inefficient alternative energy could be fatal for its economy. And, you can't make thane and nitrogen fertalizer from solar panels and windmills.