• 5 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 7 days Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 1 min Most ridiculous green proposal
  • 6 mins China Sets Its Sights On Global [EV, AI, CRISPR, Fusion, Navel Lint Collector] Dominance
  • 3 hours The Green Hydrogen Problem That No One Is Talking About
  • 14 hours Video Evidence that the CCP controls Joe Biden
  • 21 hours Rethinking election outcomes for oil.
  • 4 hours The City of Sturgis Update on the Motorcycle Rally held there, and the MSM's reporting hence
  • 2 days The Leslie Stahl/60 Minutes Interview with President Trump
  • 2 hours P@A will cost Texas Taxpayers $117 Billion.
  • 1 day Republicans Have Become the Party of Hate
  • 1 day Australia’s Commodities Heartland Set for Major Hydrogen Plant
  • 2 days WallStreet Journal editorial " . . Big Tech-Media are the propaganda arm of Democrat Party leading to one party autocratic rule. " This is the State of the Union.
  • 3 days Even Obama can't muster a crowd to support Biden.
  • 2 days Permian in for Prosperous and Bright Future
  • 2 days Clean Energy Is Canceling Gas Plants
  • 2 days Vote Biden for Higher Oil Prices

Let the Fracking Begin in Europe - Very Cautiously

The European Parliament has rejected a proposal to ban new hydraulic fracturing operations on European Union territory, but while opportunities abound, they won’t be revolutionary just yet.

Europe’s decision was necessary. There was simply too much at stake: Russia’s grip on the market has gotten too strong; EU natural gas production is on the decline; and consumers have not benefited from the US natural gas boom.

Worse, if Europe does not embrace its shale potential, expensive energy could eventually drive energy-intensive industries elsewhere (like the US) and this would spell Europe’s economic doom. Industries in Europe pay on average three times the price for gas as their US counterparts.

While Europe has serious environmental concerns about fracking, it will have to figure out how to address these with the appropriate regulations. The environmental resistance to fracking has led to an increase in European imports of polluting coal from the US to fill in the energy gap. In the end, the anti-fracking campaign is doing nothing for the environment—in fact, it may be harming it with the uptick in coal use.

Still, the 27 member countries of the EU can take their own decisions on how to proceed with their shale reserves—and while some are on board, others are under no small amount of political pressure to bow to environmental concerns.

There will be a number of complications for those who would like to see…




Oilprice - The No. 1 Source for Oil & Energy News