Sanctions on Russia’s Energy Sector: Shale Gas ‘Fracking’ Will Invade Europe?
By Timothy Alexander Guzman | Global Research
Fracking will be “good for our country,” was a statement made by British Prime Minister David Cameron at a recent Nuclear Security Summit in The Hague according to the UK based news agency The Guardian. Cameron believes that the fracking industry will have the public’s support since reliance on Russia’s energy sources will be halted if sanctions are imposed due to the political crisis in the Ukraine. The Obama administration is also proposing a joint US-EU trade deal with its European partners that would reduce Europe’s dependence on Russia’s energy resources. The Guardian reported Cameron’s statement regarding shale gas fracking in Europe:
The prime minister said that once wells are up and running later this year, there would be more public enthusiasm, and exploiting shale gas reserves could help Europe wean itself off reliance on exports from Russia” and that “The Ukraine crisis has increased the urgency of European efforts to find alternative sources of energy to reduce the leverage Russia’s oil and gas supplies give it across the continent
Has the Ukraine crisis opened the doors for shale gas fracking in Europe? The United States and the European Union are currently negotiating an agreement since July of 2013. In a recent report titled ‘No Fracking Way: How the EU-US trade agreement risks expanding fracking’ by Friends of the Earth Europe, Corporate Europe Observatory and the Transnational Institute among others stated what the Transalantic Trade and Investment Partnership (TTIP) is capable of in terms of the rights of corporations involved in the fracking industry:
Source: http://philosophers-stone.co.uk/wordpress/2014/03/sanctions-on-russias-energy-sector-shale-gas-fracking-will-invade-europe/
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