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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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LetemEatCake Champion Author Oklahoma City Posts:2,989 Points:770,525 Joined:Mar 2008	Message Posted: Mar 19, 2010 10:32:08 PM Ignore LetemEatCake Report Abuse The problem with Fracking NG wells is the after effects....whether here in the US or Russia. We have discussed before the problem with Fracking Fluids and their damage to wildlife and cattle, but the biggest issue is how Fracking effect Mother Earth. When you essentially blow apart underground rock with extreme pressure from fluids, the result after NG is extracted are Voids in previously solid rock. Here in the Oil Patch...we are seeing increasing incidents of earthquakes in the 3-4 level. Now several times a month, when normally we saw them a couple of time per year. Not high enough to do damage, but certainly a wake-up call if you have not had earthquakes on a regular basis. We need to be very careful how and where we frack.
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 19, 2010 5:11:22 AM Ignore honda0105 Report Abuse tea4-2: I guess they're letting Russia pollute herself and consider their own areas to be staying clean. Not the worst of strategies.
honda0105 Champion Author Tallahassee Posts:15,290 Points:1,146,200 Joined:Nov 2008	Message Posted: Mar 18, 2010 9:38:53 PM Ignore honda0105 Report Abuse The US will drill anywhere any company thinks they can make a spare buck.
teafortwo Champion Author Washington Posts:15,409 Points:926,405 Joined:Feb 2009	Message Posted: Mar 18, 2010 3:23:55 PM Ignore teafortwo Report Abuse I applaud the common sense of the Europeans. The GAS is THERE. The current fracting methods are very damaging to the environment and have been shown time and time again to pollute local WELLS and WATER supplies. The GAS IS STILL THERE. Waiting. AND, will still be there when improved, less toxic, less hazardous methods to recover it have been developed. The GAS IS STILL THERE. And will still be there WHEN and IF they need it.
packards42 Champion Author Washington Posts:4,259 Points:721,170 Joined:Feb 2005	Message Posted: Mar 18, 2010 10:04:24 AM Ignore packards42 Report Abuse Good for shale gas, i hope Europe can get it producing. but like the articles said, Europe is density with people, and one environment hiccup and it all over.
FuelBarge Champion Author Long Island Posts:6,821 Points:1,613,290 Joined:Aug 2005	Message Posted: Mar 18, 2010 9:00:12 AM Ignore FuelBarge Report Abuse It is a great future until Gazprom decides (again) to cut Europe off in a dispute. Europe has been warned and if they choose to trust the Russians will keep the supply lines open, they deserve whatever happens to them.
FuelOilOH Champion Author Cleveland Posts:2,338 Points:948,655 Joined:Oct 2007	Message Posted: Mar 18, 2010 7:43:50 AM Ignore FuelOilOH Report Abuse He who has control of gas & oil has control of power and money.
BKool Champion Author Michigan Posts:4,536 Points:1,755,350 Joined:Aug 2005	Message Posted: Mar 18, 2010 7:07:42 AM Ignore BKool Report Abuse Russian gas will go to Asia and the Germans will take Iranian gas for E.U.
Tnerbeel Champion Author Houston Posts:6,378 Points:1,288,860 Joined:Mar 2007	Message Posted: Mar 18, 2010 7:07:24 AM Ignore Tnerbeel Report Abuse Not good news for those supplied by Gazprom who has been known for using it's monopoly in the region for political purposes.
AnObserver Champion Author New Jersey Posts:6,290 Points:1,845,210 Joined:Sep 2005	Message Posted: Mar 18, 2010 7:06:28 AM Ignore AnObserver Report Abuse The easiest gas / oil to recover is the first to be recovered. The natural gas in Europe will be recovered when the current supplies are exhausted and prices start to rise (again)
LocalSpyGuy Champion Author Tampa Posts:5,499 Points:1,124,220 Joined:Nov 2008	Message Posted: Mar 18, 2010 7:04:27 AM Ignore LocalSpyGuy Report Abuse Alternatives are the answer!
DieselKat Champion Author Tennessee Posts:2,613 Points:1,866,490 Joined:Oct 2005	Message Posted: Mar 18, 2010 7:00:58 AM Ignore DieselKat Report Abuse When they need it bad enough they will drill for it.
jeepman64 All-Star Author Indiana Posts:909 Points:847,660 Joined:Aug 2004	Message Posted: Mar 18, 2010 7:00:31 AM Ignore jeepman64 Report Abuse Toyrunner300, not to mention not as much land either.
toyrunner300 Champion Author Calgary Posts:3,219 Points:1,214,960 Joined:Jan 2007	Message Posted: Mar 18, 2010 6:58:54 AM Ignore toyrunner300 Report Abuse Not too much water available in Europe. And since some state are short of water during the summer, I am not sure if it is a good idea to proceed that way for gas, will see what will happen in 10 years, I am pretty sure water will start to get expensive in North America....
Asbury09 Champion Author Iowa Posts:4,988 Points:1,074,405 Joined:Jan 2009	Message Posted: Mar 18, 2010 6:57:39 AM Ignore Asbury09 Report Abuse keep the gov't out
Spetsnaz Champion Author Dayton Posts:1,726 Points:595,570 Joined:May 2006	Message Posted: Mar 18, 2010 6:52:36 AM Ignore Spetsnaz Report Abuse If they want the gas they will have to drill!
mk9999 Champion Author Rochester Posts:5,573 Points:1,210,845 Joined:Aug 2008	Message Posted: Mar 18, 2010 6:52:01 AM Ignore mk9999 Report Abuse Better drill for anything you can find.
Cruiser340 Champion Author Grand Rapids Posts:10,323 Points:2,331,190 Joined:May 2004	Message Posted: Mar 18, 2010 6:51:58 AM Ignore Cruiser340 Report Abuse so lets drill it and use it to replace oil as fuel.
MV_cmtr Champion Author Columbus Posts:1,617 Points:783,835 Joined:Jun 2008	Message Posted: Mar 18, 2010 6:49:55 AM Ignore MV_cmtr Report Abuse Drill for it. It just makes sense.
rvn4me Champion Author Texas Posts:3,284 Points:1,034,715 Joined:Jan 2009	Message Posted: Mar 18, 2010 6:49:27 AM Ignore rvn4me Report Abuse The gov wants more battery powered cars. Then you have to recycle the batteries. No such setbacks for CNG vehicles.
caravanguy All-Star Author Milwaukee Posts:679 Points:828,505 Joined:Aug 2006	Message Posted: Mar 18, 2010 6:47:46 AM Ignore caravanguy Report Abuse The French and The British use lots of Nuclear Power and the Brit's have no problem drilling in the North Sea for Oil. If natural gas makes economic sense I thnk they'll drill it.
PurduePete86 Champion Author Indiana Posts:1,080 Points:895,275 Joined:Apr 2007	Message Posted: Mar 18, 2010 6:46:45 AM Ignore PurduePete86 Report Abuse And why are not spending money on CNG vehicle conversion and a delivery infrastructure?
byoftDad Champion Author Columbus Posts:3,954 Points:1,136,700 Joined:Apr 2005	Message Posted: Mar 18, 2010 6:44:52 AM Ignore byoftDad Report Abuse I am sure there is some truth in this.
Rick01 Champion Author Utah Posts:6,659 Points:1,913,190 Joined:Sep 2005	Message Posted: Mar 18, 2010 6:43:39 AM Ignore Rick01 Report Abuse They will have to drill eventually.
matman01 Champion Author Detroit Posts:12,257 Points:1,516,380 Joined:May 2007	Message Posted: Mar 18, 2010 6:43:38 AM Ignore matman01 Report Abuse Good quote, no monkey!
no_monkey2002 Champion Author Tallahassee Posts:6,238 Points:1,625,750 Joined:Mar 2006	Message Posted: Mar 18, 2010 6:42:18 AM Ignore no_monkey2002 Report Abuse As we sit on our bottoms..we watch others make millions..and we give them money so they can make more..
TomT2Lee Champion Author Cincinnati Posts:3,827 Points:1,171,120 Joined:Sep 2005	Message Posted: Mar 18, 2010 6:41:42 AM Ignore TomT2Lee Report Abuse Oh the US has gas, just look at all the toxic hot air capitol hill pushes onto the country every day.
rippinusoff Champion Author Lexington Posts:5,074 Points:1,025,900 Joined:May 2007	Message Posted: Mar 18, 2010 6:40:45 AM Ignore rippinusoff Report Abuse matter of time
fcdriver Champion Author Tennessee Posts:5,223 Points:1,070,775 Joined:Sep 2008	Message Posted: Mar 18, 2010 6:40:26 AM Ignore fcdriver Report Abuse they will eventually come around
theawesome1 Champion Author Cleveland Posts:6,993 Points:1,307,285 Joined:Aug 2005	Message Posted: Mar 18, 2010 6:38:39 AM Ignore theawesome1 Report Abuse Made in the USA is a joke when no one is working to make anything. THousands can be drilling for oil, gas, etc but no one is hiring........... So USA motto: Give little & raise the price.
GasholeMI Champion Author Lansing Posts:7,793 Points:1,255,590 Joined:Jul 2008	Message Posted: Mar 18, 2010 6:38:15 AM Ignore GasholeMI Report Abuse I like the comment by REKEY.
mplato Champion Author Columbia Posts:6,002 Points:1,368,170 Joined:Jun 2004	Message Posted: Mar 18, 2010 6:37:37 AM Ignore mplato Report Abuse too many greenies in Europe
MertieMan Champion Author Lexington Posts:12,429 Points:2,432,610 Joined:May 2005	Message Posted: Mar 18, 2010 6:37:34 AM Ignore MertieMan Report Abuse China is going to be like a big giant and take over everything and everybody in it, wait and see, especially the way our government is going at the present time.
REKEY Champion Author South Carolina Posts:6,231 Points:1,238,455 Joined:May 2008	Message Posted: Mar 18, 2010 6:35:56 AM Ignore REKEY Report Abuse Give it a few years when Chima has all the oil!
ky_commuter75 Champion Author Cincinnati Posts:5,226 Points:1,489,565 Joined:Jul 2005	Message Posted: Mar 18, 2010 6:33:08 AM Ignore ky_commuter75 Report Abuse when times are tough, that's when the drilling will happen.
Skipper52 Champion Author Massachusetts Posts:5,079 Points:1,135,225 Joined:Oct 2008	Message Posted: Mar 18, 2010 6:31:20 AM Ignore Skipper52 Report Abuse Once we pump all of our gas out then Europe will be the king of gas.
Masercal Champion Author Michigan Posts:3,610 Points:780,740 Joined:Oct 2007	Message Posted: Mar 18, 2010 6:31:15 AM Ignore Masercal Report Abuse The costs involved to produce natural gas from shale is expensive and will keep many nations from taking on this type of exploration.
Don1222 Champion Author Michigan Posts:7,802 Points:1,089,855 Joined:Jul 2008	Message Posted: Mar 18, 2010 6:30:40 AM Ignore Don1222 Report Abuse Buy American Made In The USA.
BoerneWatch Champion Author San Antonio Posts:12,947 Points:1,991,005 Joined:Oct 2005	Message Posted: Mar 18, 2010 6:29:22 AM Ignore BoerneWatch Report Abuse Too bad for Europe. They will ultimately be blamed for their economic demise.
turbodog Champion Author Mississippi Posts:4,412 Points:900,415 Joined:Feb 2009	Message Posted: Mar 18, 2010 6:28:39 AM Ignore turbodog Report Abuse like ducks following the leader
jimraehl Champion Author Utah Posts:4,775 Points:1,179,435 Joined:Sep 2008	Message Posted: Mar 18, 2010 6:28:26 AM Ignore jimraehl Report Abuse I agree that US gas should stay in the US.
Fitwit Champion Author Stockton Posts:4,383 Points:945,935 Joined:May 2009	Message Posted: Mar 18, 2010 6:27:31 AM Ignore Fitwit Report Abuse There must be some potential with 3 big companies already out there.
turbosaab Champion Author Cleveland Posts:14,959 Points:1,949,765 Joined:Sep 2006	Message Posted: Mar 18, 2010 6:20:39 AM Ignore turbosaab Report Abuse Europe continues it's subservience. This is Obama's model for the US.
bar1035 Champion Author Charlotte Posts:5,846 Points:836,970 Joined:Aug 2006	Message Posted: Mar 18, 2010 6:19:00 AM Ignore bar1035 Report Abuse How wonderful the Russian gas supplier is happy
ronsimonil All-Star Author Texas Posts:734 Points:157,975 Joined:Mar 2009	Message Posted: Mar 18, 2010 6:12:57 AM Ignore ronsimonil Report Abuse Is Russia on her way back up?
mlhog Veteran Author Minnesota Posts:329 Points:223,685 Joined:Oct 2009	Message Posted: Mar 18, 2010 6:07:19 AM Ignore mlhog Report Abuse You get the good with the bad.
AvantiMick Champion Author Indiana Posts:10,537 Points:2,100,760 Joined:Dec 2005	Message Posted: Mar 18, 2010 6:06:45 AM Ignore AvantiMick Report Abuse When it runs out in the US, then it will be worth drilling for. Keep our gas in the US and they'll drill sooner and our price will be less!
Bpers2001 All-Star Author Seattle Posts:735 Points:104,070 Joined:Nov 2009	Message Posted: Mar 18, 2010 6:05:33 AM Ignore Bpers2001 Report Abuse If it destroys the environment, it's not worth going after.
silverfox63 Champion Author Michigan Posts:5,824 Points:1,159,670 Joined:Oct 2008	Message Posted: Mar 18, 2010 6:05:31 AM Ignore silverfox63 Report Abuse In time they will drill for this shale gas.
CSharpGuy Champion Author Colorado Springs Posts:7,141 Points:1,438,235 Joined:Jan 2008	Message Posted: Mar 18, 2010 6:05:23 AM Ignore CSharpGuy Report Abuse Convert everything from oil based to natural gas.