• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 5 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 8 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 13 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 15 hours Japan carmakers admits using falsified emissions data
  • 6 hours Starvation, horror in Venezuela
  • 4 hours Saudi Fund Wants to Take Tesla Private?
  • 1 hour Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 11 hours China still to keep Iran oil flowing amid U.S. sanctions
  • 13 hours China goes against US natural gas
  • 13 hours Western Canada Select price continues to sink
  • 1 hour Film on Venezuela's staggering collapse
  • 10 hours Are Trump's steel tariffs working? Seems they are!
New Gulf Of Mexico Leases Raise Concerns

New Gulf Of Mexico Leases Raise Concerns

The Trump administration just wrapped…

Oil Prices Jump As Saudis Cap Oil Supply

Oil Prices Jump As Saudis Cap Oil Supply

Oil prices rose on Tuesday…

EU Eyes Fracking for Energy Security

The dependence of many European Union members on Russian gas has been the topic of discussion for several weeks now, and a G7 meeting this week had EU member countries looking at a variety of measures to break that dependence. But another option for the EU is to tap Europe’s shale gas, a move that is gaining a bit of support from a few EU leaders, and a measure that was being aggressively pushed by British Prime Minister David Cameron at the meeting. He is working hard to raise public support for exploiting shale gas in the U.K. He stated at a nuclear security summit this week in The Hague that fracking will be “good for our country.”

Related Article: DOE Approves West Coast LNG Terminal

Cameron also argued that improving European energy independence was “our duty,” and it should be a “tier one” issue for policymakers. With shale gas as a cornerstone of his energy plan, he argues that after more wells enter into operation, public fears will dissipate. “I think it takes time because of people's uncertainties and worries and concerns. We just have to address those. I think one of the best ways of addressing that is to get some shale gas wells up and running so people can go and see them and you can hear more directly from local people about what it has meant for their communities,” he said. “But it's an interesting question. Why has it taken so long in the UK and Europe, compared with the US? We can ponder that, or alternatively we can just do what this government is doing, which is to roll up the sleeves, simplify the process, make the permissions easier, getting on with getting some wells moving.”

He has a few like-minded leaders in Europe, most notably in Poland. Meanwhile, EU leaders also pressed Barack Obama to allow more U.S. LNG exports during his trip there.

By James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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