Posted on 10/03/2013 6:04:46 PM PDT by raptor22
Energy Revolution: America's natural gas boom threatens Russia's economic strategy, an expert says, leaving it with few alternatives to rescue its economy while threatening to shatter its energy stranglehold on Europe.
Russia's abundance of energy resources has long allowed it to use energy both as a foreign policy weapon and as the bedrock of the Russian economy. Whenever energy prices rose, Russia benefited and its neighbors often felt the restraining leash of dependence on Russian energy, particularly natural gas.
Government-controlled energy giant Gazprom was in such a strong position it could demand decade-long contracts and link the price of gas to oil, disregarding the world price for the commodity.
Gazprom also became a critical instrument for Russian President Vladimir Putin, who has never been shy about using it to pursue his foreign policy objectives.
Putin largely relied on oil and gas production to fuel economic expansion during his first two presidential terms from 2000 to 2008. Hydrocarbons accounted for half of Russia's GDP growth since 2000, according to a May report by Leon Aron, resident scholar and director of Russian studies at the American Enterprise Institute.
Five years ago, Gazprom was close to shipping gas from Russia's Eastern Arctic to the U.S., but the fracking revolution forced Gazprom to shutter its project for liquified natural gas production at the Shtokman field in the Barents Sea.
(Excerpt) Read more at news.investors.com ...
Think of how greater it would be in a free economy and included the federal lands that are off limits.
I really doubt our fracking effects Russia.
Russia is focused on supplying China, and Europe. I don’t think they care about our reserves. They do care however, about getting contracts that are not done in US dollars.
You shouldn't talk about US leaders that way.
You shouldn't talk about US leaders that way.
Half the fools in America have no idea that Hussein Obama has done everything he can to screw America with energy imports. Hussein Obama has attacked the US in every way he can but he believes that oil can finish the country off. But he can't stop natural gas and electrical production. Hussein Obama has been shutting down coal produced electrical generation at a rapid pace but natural gas will kill him on that goal.
So what will Hussein do? Americans are waking up to the fact that Hussein Obama couldn't be this stupid. It is obvious to anyone with an effective IQ > room temperature that Hussein Obama is NOT working for us, he is working against us. Who is he working for? The name Hussein is the only hint you need.
If anyone thinks that fracking is a threat to the status quo, LENR makes it look like just a gimmick. And there’s always thorium!
see for example:
Successful Defkalion demo has scientists wanting more
http://coldfusionnow.org/successful-defkalion-demo-has-scientists-wanting-more/
and:
Cold Fusion Now Publishes ICCF-18 Videos
http://www.e-catworld.com/2013/09/cold-fusion-now-publishes-iccf-18-videos/
[Who is he working for? The name Hussein is the only hint you need.]
Saudi Arabia and the Gulf oil kingdoms.
I definitely concur with your assessment.
There is little to none Russian gas and oil exported from Russia to EU.
So this is all fake?
http://www.bloomberg.com/news/2013-10-01/gazprom-gas-exports-jump-in-september-as-europe-refills-storage.html
Gazprom Gas Exports Jump in September as Europe Refills Storage By Anna Shiryaevskaya - Oct 1, 2013 7:14 AM ET OAO Gazprom (GAZP), the supplier of a quarter of Europes natural gas, boosted exports by 25 percent in September from a year earlier as European utilities rushed to refill depleted storage before the winter heating season. Gazprom exported 13.2 billion cubic meters of natural gas to Europe and Turkey last month, the most for September since at least 2010 and compared with 10.6 billion cubic meters a year earlier, according to preliminary data released by the export unit of the Moscow-based gas producer by e-mail today. Supplies jumped 16 percent in the first nine months of the year to 118.4 billion cubic meters, Gazprom Export said.
My mistake and correction software. I mean no Russian gas in US.
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