Do you think that Europe will be forced to allow tracking, or is the green movement so strong among the elite that they will suffer to protect alternatives hoping that the price will get high again?
Europe will be Europe and whatever they do about oil will not make much difference. The biggest pressure on oil price is if US oil companies take over the Russian fields. Russia still has a huge supply in the ground but they are terribly behind the tech curve and it is way too expensive for them to get at it. I think American companies should be banned from Russia.