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US boom in natural-gas drilling rattles Russia and Europe



Published: Sun, September 30, 2012 @ 4:30 p.m.

US boom in natural-gas drilling rattles Russia and Europe

Associated Press

PITTSBURGH

The Kremlin is watching, European nations are rebelling, and some suspect Moscow is secretly bankrolling a campaign to derail the West’s strategic plans.

It’s not some Cold War movie; it’s about the U.S. boom in natural gas drilling, and the political implications are enormous.

Like falling dominoes, the drilling process called hydraulic fracturing, or fracking, is shaking up world energy markets from Washington to Moscow to Beijing. Some predict what was once unthinkable: that the U.S. won’t need to import natural gas in the near future, and that Russia could be the big loser.

“This is where everything is being turned on its head,” said Fiona Hill, an expert on Russia at the Brookings Institution, a think tank in Washington. “Their days of dominating the European gas markets are gone.”

Read the full story Monday in The Vindicator and on Vindy.com.


Comments

1arod(263 comments)posted 1 year, 11 months ago

Drill Baby Drill!!!!!

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2UticaShale(853 comments)posted 1 year, 11 months ago

And Youngstown the third world City that it has begun has leaders that are grossly unqualified to comprehend the new role the City and the Utica shale plays in the Global market place of energy. Again Youngstown is dead last in leading its people to harvest their energy and to place Youngstown once again on top of industrialized cities that it once was. All the past steelworkers and their offsprings need to rise and replace any leader that is inept in understanding the valley's position in the global economy.

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3VINDYAK(1799 comments)posted 1 year, 11 months ago

Cool your jets baby. At what price do we become a leader in the Global Market Place?

I want this to be safe and right, rather than swift and gone so we suffer the consequences.

I watched a drilling site just this weekend across the border near Harlansburg, Pa. and the tanker trucks pulling in and out of the site were pulling muddy water out onto the street. What's in that mud coming from the site? Chemicals? Fracking fluid? Oil? Other vehicles drive over the mud and carry it along. Is this what we want in our Mahoning Valley? Are they doing all this heavy hauling of fluids during the weekend when government officials are at home and not working?

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4cambridge(2996 comments)posted 1 year, 11 months ago

utica....are you a naturally rude jerk or did they teach it in the oil and gas shill class? Which ever, you are really good at insulting the locals with your keyboard. You should stop in one of the neighborhood watering holes and share your views about the locals face to face.

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5300(553 comments)posted 1 year, 11 months ago

Who cares about Oil and Gas, let's make Youngstown the world leader in urban shrimp farms! That sounds like a good idea, right?

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