Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Fracking Success Threatens Russian Economy, Strategy
Investor's Business Daily ^ | IBDEDITORIALS

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 ...


TOPICS: Business/Economy; Editorial; Foreign Affairs; Government; Russia
KEYWORDS: blogpimp; carbontax; energy; europeanunion; fracking; gazprom; ibd; ibdenergy; ibdfracking; kenyanbornmuzzie; mlng; notaneditorial; opec; russia; shale; shalegas

1 posted on 10/03/2013 6:04:46 PM PDT by raptor22
[ Post Reply | Private Reply | View Replies]

To: raptor22

Think of how greater it would be in a free economy and included the federal lands that are off limits.


2 posted on 10/03/2013 6:10:38 PM PDT by lormand (Inside every liberal is a dung slinging monkey)
[ Post Reply | Private Reply | To 1 | View Replies]

To: raptor22

I really doubt our fracking effects Russia.


3 posted on 10/03/2013 6:16:20 PM PDT by Sacajaweau
[ Post Reply | Private Reply | To 1 | View Replies]

To: raptor22
IS EVERYBODY HAPPY? I KNOW I AM...

NUTHIN I HATE WORSE THAN THE SADNESS OF A SAD COMMMIE....
4 posted on 10/03/2013 6:25:48 PM PDT by jimsin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sacajaweau

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.


5 posted on 10/03/2013 6:31:59 PM PDT by foundedonpurpose
[ Post Reply | Private Reply | To 3 | View Replies]

To: jimsin
NUTHIN I HATE WORSE THAN THE SADNESS OF A SAD COMMMIE

You shouldn't talk about US leaders that way.

6 posted on 10/03/2013 6:58:23 PM PDT by PAR35
[ Post Reply | Private Reply | To 4 | View Replies]

To: PAR35
NUTHIN I HATE WORSE THAN THE SADNESS OF A SAD COMMMIE cti

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.

7 posted on 10/03/2013 7:21:31 PM PDT by politicianslie (Our first Muslim President laughs at you. Are you waiting for NBC to tell you who he is?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: raptor22

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/


8 posted on 10/03/2013 7:44:58 PM PDT by theBuckwheat
[ Post Reply | Private Reply | To 1 | View Replies]

To: politicianslie

[Who is he working for? The name Hussein is the only hint you need.]

Saudi Arabia and the Gulf oil kingdoms.


9 posted on 10/03/2013 8:46:01 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Sacajaweau

I definitely concur with your assessment.


10 posted on 10/03/2013 10:49:06 PM PDT by lbryce (Obama:The Worst Is Yet To come)
[ Post Reply | Private Reply | To 3 | View Replies]

To: raptor22

There is little to none Russian gas and oil exported from Russia to EU.


11 posted on 10/06/2013 6:20:28 PM PDT by cunning_fish
[ Post Reply | Private Reply | To 1 | View Replies]

To: cunning_fish
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 Europe’s 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.

12 posted on 10/06/2013 6:30:33 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
[ Post Reply | Private Reply | To 11 | View Replies]

To: nascarnation; raptor22

My mistake and correction software. I mean no Russian gas in US.


13 posted on 10/06/2013 10:19:05 PM PDT by cunning_fish
[ Post Reply | Private Reply | To 12 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson