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Europe Won’t Match U.S. Shale Boom Soon to Gazprom’s Relief

bloomberg.com -- Pumping natural gas trapped in shale rock has made the U.S. the world’s largest producer of the fuel. While geologists say Europe may have similar fields spread from northwest England to Ukraine, drilling them profitably will prove a whole lot harder.

Getting the shale gas out requires drilling hundreds of wells and blasting the rock with water and chemicals, raising environmental objections in densely populated Europe. Those obstacles suggest Russia’s OAO Gazprom, supplier of 25 percent of Europe’s gas, will have plenty of customers for its fuel pumped through new pipelines across the Baltic and Black Seas.

“There is a great future for Russian gas in Europe,” John Barry, a strategic issues manager at Royal Dutch Shell Plc, said in an interview. “There is a lot of unconventional

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Submitted Mar 17, 2010 By: teafortwo

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Bonanza Champion Author Boston Posts:6,247 Points:1,577,615 Joined:Jun 2004	Message Posted: Mar 18, 2010 4:50:44 AM Ignore Bonanza Report Abuse I Wish we would get out of the oil business
katmandue Champion Author Detroit Posts:3,155 Points:1,173,480 Joined:Jul 2006	Message Posted: Mar 18, 2010 4:49:46 AM Ignore katmandue Report Abuse We need better efficency from the fuel we have
FMREALTOR Champion Author Florida Posts:1,662 Points:761,645 Joined:Jan 2007	Message Posted: Mar 18, 2010 4:49:21 AM Ignore FMREALTOR Report Abuse Good article
BM4225 Champion Author Atlanta Posts:5,476 Points:1,177,335 Joined:Aug 2006	Message Posted: Mar 18, 2010 4:49:17 AM Ignore BM4225 Report Abuse Since we have all of this Natural Gas, why are we still importing it?
Tru2psu2 Champion Author Winston-Salem Posts:6,762 Points:630,105 Joined:Feb 2004	Message Posted: Mar 18, 2010 4:48:54 AM Ignore Tru2psu2 Report Abuse Does Europe even have much shale?
cajun57 Veteran Author North Carolina Posts:264 Points:767,465 Joined:Sep 2005	Message Posted: Mar 18, 2010 4:42:51 AM Ignore cajun57 Report Abuse Finally, a story not pertaining to "speculation".
ba5online Rookie Author Texas Posts:12 Points:25,115 Joined:Dec 2009	Message Posted: Mar 18, 2010 4:33:46 AM Ignore ba5online Report Abuse The US should be leading in the production of OIL.
PADI Champion Author Ontario Posts:1,423 Points:526,200 Joined:Nov 2008	Message Posted: Mar 18, 2010 4:33:03 AM Ignore PADI Report Abuse OK, I've learned something new again.
Metro Man Champion Author Flint Posts:1,991 Points:1,048,725 Joined:Sep 2003	Message Posted: Mar 18, 2010 4:30:37 AM Ignore Metro Man Report Abuse Keep the bleeding hearts out of the decision making.
Ticoman54 Champion Author Miami Posts:2,616 Points:587,170 Joined:Oct 2008	Message Posted: Mar 18, 2010 4:14:55 AM Ignore Ticoman54 Report Abuse Good point ItisAJeepThing.
stpetebp Champion Author Tampa Posts:2,934 Points:844,890 Joined:Nov 2007	Message Posted: Mar 18, 2010 4:13:58 AM Ignore stpetebp Report Abuse Interesting.
fratt Champion Author Grand Rapids Posts:4,949 Points:1,671,205 Joined:Jul 2005	Message Posted: Mar 18, 2010 4:08:19 AM Ignore fratt Report Abuse Interesting article.
harleydoctor Champion Author Kansas Posts:2,490 Points:965,955 Joined:Sep 2005	Message Posted: Mar 18, 2010 4:07:01 AM Ignore harleydoctor Report Abuse HHHHMMM, I did'nt know that, but then again there is a lot I don't know......
FieroGT Champion Author Twin Cities Posts:9,502 Points:1,656,320 Joined:Mar 2005	Message Posted: Mar 18, 2010 4:01:35 AM Ignore FieroGT Report Abuse If Europe is going to depend upon Gazprom and Putin I think they are making a huge mistake.
Hunter724 Champion Author New Hampshire Posts:3,215 Points:671,195 Joined:Sep 2008	Message Posted: Mar 18, 2010 3:52:17 AM Ignore Hunter724 Report Abuse Very interesting...
twobroke61 Champion Author Michigan Posts:3,453 Points:622,760 Joined:Sep 2008	Message Posted: Mar 18, 2010 3:51:40 AM Ignore twobroke61 Report Abuse this will be good as long as the speculators do not get involved
ndhoanggia All-Star Author New York Posts:696 Points:215,505 Joined:Apr 2009	Message Posted: Mar 18, 2010 3:49:57 AM Ignore ndhoanggia Report Abuse Those environmentalists... ugh!
wegman Champion Author Twin Cities Posts:2,923 Points:1,128,730 Joined:Jun 2001	Message Posted: Mar 18, 2010 3:48:08 AM Ignore wegman Report Abuse What is good for Gazprom is bad for the civilized world (Czar Vladimir's Russia does NOT belong in the civilized world - no autocracies make the grade). However, what works in the US and Canada doesn't necessarily make sense for Europe. Lots of North America is empty. Much less of Europe is so. And the Europeans are much more infected by the Green disease, and it isn't so much leftist politicians shoving economically non-sensical Green policies down the populace's throat as it is the Europeans electing leftists with open eyes. OTOH, Europe is dying.
BigDogOH Champion Author Cincinnati Posts:3,547 Points:832,390 Joined:Mar 2008	Message Posted: Mar 18, 2010 3:40:50 AM Ignore BigDogOH Report Abuse Now if only the Government and enviromentalest will let us get it.
ArmydudeNC Champion Author North Carolina Posts:3,203 Points:403,085 Joined:Jul 2009	Message Posted: Mar 18, 2010 3:17:46 AM Ignore ArmydudeNC Report Abuse Gazprom will benefit from this by getting more customers while European countries continue to make an enviornmental issue of this. Natural gas is plentiful.
spiderjay Champion Author Little Rock Posts:2,250 Points:582,555 Joined:Oct 2005	Message Posted: Mar 18, 2010 3:16:22 AM Ignore spiderjay Report Abuse Russia look to be getting into the oil & gas market wow
hwnguy Champion Author Honolulu Posts:2,981 Points:647,780 Joined:Apr 2008	Message Posted: Mar 18, 2010 3:07:38 AM Ignore hwnguy Report Abuse Wow, what a relief
ItisAJeepThing Champion Author Tucson Posts:11,565 Points:1,175,155 Joined:Oct 2006	Message Posted: Mar 18, 2010 3:07:24 AM Ignore ItisAJeepThing Report Abuse T. Boone Pickens is right, we need more natural gas. Wouldn't it be so much nicer if we converted to OUR OWN natural gas and quit buying oil from OPEC? Keep our dollars here and rebalance our foreign exchange balance. Let China and India support the Persian Gulf countries for a change.
DJRIO Champion Author Miami Posts:2,490 Points:458,575 Joined:Jan 2008	Message Posted: Mar 18, 2010 3:03:37 AM Ignore DJRIO Report Abuse and the way Obama act right now. clean coal technology ,which doesn't exist at the moment . We could be using natural gas real quick and supply the country with our home fuel supply. And layoff foriegn oil supply right now. And oil would dropping hard right now because of it. And hire alot of US people to work and unemployment # would change alot faster that what it is right now.
1fulltank Champion Author Buffalo Posts:3,005 Points:580,875 Joined:Nov 2008	Message Posted: Mar 18, 2010 2:59:28 AM Ignore 1fulltank Report Abuse On that information, I will be watching for the price of NG to fall (but not hold my breath while doing it).
14of45SSR Champion Author Saskatchewan Posts:2,112 Points:474,280 Joined:Dec 2008	Message Posted: Mar 18, 2010 2:59:01 AM Ignore 14of45SSR Report Abuse Doesn't alot of Europe have Geothermal heat for their buildings, so they don't need natural gas as much as we do because we use natural gas for heating our buildings?
gass12 Champion Author Omaha Posts:3,626 Points:1,342,540 Joined:Oct 2005	Message Posted: Mar 18, 2010 2:50:44 AM Ignore gass12 Report Abuse They will change their minds when they run out.
PhilMils Champion Author Virginia Posts:2,141 Points:453,750 Joined:Dec 2008	Message Posted: Mar 18, 2010 2:49:38 AM Ignore PhilMils Report Abuse Europe is focusing more on solutions for the long term. That will give them the advantage in the long run. Teafortwo also makes a good point.
carlsonguitars Champion Author Portland Posts:4,229 Points:699,850 Joined:Jan 2008	Message Posted: Mar 18, 2010 2:46:58 AM Ignore carlsonguitars Report Abuse Regardless, RUSSIA is making a killing right now, why else do you think they keep pushing around Ukraine, Georgia, etc. ?!?! BULLIES!!!!
ED6 Champion Author Riverside Posts:5,149 Points:1,000,710 Joined:Jul 2007	Message Posted: Mar 18, 2010 2:42:06 AM Ignore ED6 Report Abuse It's good to know.
teafortwo Champion Author Washington Posts:4,056 Points:424,750 Joined:Feb 2009	Message Posted: Mar 18, 2010 2:34:25 AM Ignore teafortwo Report Abuse Even the lowest animal knows not foul its own nest....
jackson661 Champion Author Columbus Posts:1,742 Points:575,670 Joined:May 2006	Message Posted: Mar 18, 2010 2:29:41 AM Ignore jackson661 Report Abuse Shale gas as a “game changer” that allowed the U.S. to overtake Russia.
rightofway673 All-Star Author Phoenix Posts:661 Points:1,571,215 Joined:Sep 2005	Message Posted: Mar 18, 2010 2:26:50 AM Ignore rightofway673 Report Abuse Nothing like dirty technology. What a waste.
Edtx2009 Champion Author Houston Posts:1,301 Points:267,665 Joined:Jun 2009	Message Posted: Mar 18, 2010 2:23:50 AM Ignore Edtx2009 Report Abuse Well, Europe can buy their Gas from Russia.
findcheap Champion Author Los Angeles Posts:4,668 Points:1,034,665 Joined:Apr 2007	Message Posted: Mar 18, 2010 2:13:24 AM Ignore findcheap Report Abuse extracting ng in US has been relatively easy. transporting it has been the problem
EXTREMESNOW Champion Author Medford Posts:4,527 Points:952,760 Joined:Jul 2006	Message Posted: Mar 18, 2010 2:11:54 AM Ignore EXTREMESNOW Report Abuse Sooner or later they won't have a choice, supplies are limited.
speedys Champion Author Utah Posts:2,101 Points:1,584,070 Joined:Nov 2005	Message Posted: Mar 18, 2010 2:09:03 AM Ignore speedys Report Abuse If they don't have Any they will blast and drill.
mickealo Champion Author Spokane Posts:1,471 Points:1,213,370 Joined:Oct 2006	Message Posted: Mar 18, 2010 1:58:27 AM Ignore mickealo Report Abuse when the demand is there they will do it anyway
POLELANE Champion Author Ohio Posts:6,334 Points:721,270 Joined:Mar 2008	Message Posted: Mar 18, 2010 1:30:04 AM Ignore POLELANE Report Abuse correct; time may give the answer we all expected
visitor_2 All-Star Author Orlando Posts:692 Points:823,725 Joined:Aug 2006	Message Posted: Mar 18, 2010 1:18:27 AM Ignore visitor_2 Report Abuse Give them time
Ltdc Champion Author Long Island Posts:2,387 Points:724,795 Joined:Jul 2007	Message Posted: Mar 18, 2010 1:17:40 AM Ignore Ltdc Report Abuse Sounds reasonable. If things get desperate enough they'll reconsider.
nurdco Champion Author Colorado Springs Posts:3,826 Points:718,055 Joined:Apr 2008	Message Posted: Mar 18, 2010 1:16:57 AM Ignore nurdco Report Abuse Russian natural gas monopoly telegraphing its NEXT move... to European Union
rippertoo All-Star Author Tacoma Posts:809 Points:168,860 Joined:Jan 2010	Message Posted: Mar 18, 2010 1:16:41 AM Ignore rippertoo Report Abuse Another pipe dream for large scale production.
bobdec Champion Author Florida Posts:4,284 Points:839,625 Joined:May 2008	Message Posted: Mar 18, 2010 1:14:52 AM Ignore bobdec Report Abuse They will start when prices go up
OHMS Champion Author Orange County Posts:8,105 Points:913,635 Joined:May 2005	Message Posted: Mar 18, 2010 1:14:43 AM Ignore OHMS Report Abuse we don't have the north sea wells; or the british forties fields; or russia
GMVAN Champion Author Calgary Posts:1,830 Points:429,030 Joined:Apr 2009	Message Posted: Mar 18, 2010 1:13:04 AM Ignore GMVAN Report Abuse I guess they won`t dig for it unless they really need it.
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Mar 18, 2010 1:12:53 AM Ignore la90042 Report Abuse agreed - if prices go up = there will be more drilling...
HA4CNN All-Star Author Toronto Posts:991 Points:596,340 Joined:Dec 2006	Message Posted: Mar 18, 2010 1:10:56 AM Ignore HA4CNN Report Abuse Its all about economics when the price is right they will drill to.
cathevan Champion Author Manitoba Posts:2,133 Points:524,025 Joined:May 2007	Message Posted: Mar 18, 2010 1:10:18 AM Ignore cathevan Report Abuse informative
BobD2009 Champion Author Long Island Posts:1,922 Points:266,610 Joined:Apr 2009	Message Posted: Mar 18, 2010 1:07:58 AM Ignore BobD2009 Report Abuse We could produce much more energy if Congress and the environmentalists didn't get in the way.
Pozole Champion Author Portland Posts:3,199 Points:621,680 Joined:Mar 2005	Message Posted: Mar 18, 2010 1:06:14 AM Ignore Pozole Report Abuse ...more dirty tech...
EcoVore Champion Author Los Angeles Posts:2,124 Points:330,395 Joined:Jun 2008	Message Posted: Mar 18, 2010 1:03:19 AM Ignore EcoVore Report Abuse Good news.