Link here to Rigzone.
Czech will ban fracking for a couple of years while they try to sort things out. They join France, Bulgaria, and Romania in banning fracking.
Czech gets 70 percent of its natural gas from Russia. Russia has been concerned about a potential glut of natural gas in western Europe similar to what the US is experiencing. This is welcome news for Mr Putin.
This also tells me that despite all those stories coming out of Europe about how expensive energy is ($16 for natural gas; $8 for gasoline), the Europeans are fairly content with these prices. And they don't mind importing natural gas from Russia, nor oil from the Mideast.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.