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Monday, November 19, 2012

Gazprom's Grip on Europe Slips as the Shale Revolution Grows

Gazprom's Grip on Europe Slips as the Shale Revolution Grows

Gazprom’s once solid grip on Europe is slowly, but inexorably, slipping as the shale gas revolution continues to grow in the US, and spread out to other parts of the world.Gazprom is used to being the bully of the playground, yet shale gas is offering the possibility of a future in which the other children learn to stand up for themselves.For years officials at Gazprom were derogatory of shale gas; referring to it as a bubble, or a luxurious side dish that is not for everyone. Yet now, with the US set to surpass Saudi Arabia and Russia to…Read more...http://oilprice.com/Latest-Energy-News/World-News/Gazproms-Grip-on-Europe-Slips-as-the-Shale-Revolution-Grows.html

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