“If Russia doesn’t do something now, fracking WILL change everything and Russia’s done.”
The Russians aren’t stupid. And they have been using fracking for years.
The Russians aren’t stupid. And they have been using fracking for years.
That’s not what matters. What matters is that areas that had no provable crude deposits have loads of shale and other deposits that could give countries that were locked into import-only energy relationships with countries like Russia a way out of that relationship.
France has loads of frackable resources that may allow them to reduce their petroleum importing to something near zero, and if it doesn’t there will be new exporters to compete with Russia on the continent.
For years, the world has been a ‘crude-only’ petroleum economy for the most part, but fracking has allowed brand new players. Its a cartel-breaking development.
Obama would do well to read the history of another arrogant ‘king’ who surrounded himself with yes men and didn’t seek The Lord before leading his country into battle . (King Ahab. 2 Chronicles 18 )