Ukraine's Neighbors Urge Expansion of U.S. Gas Exports

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    Mar 12, 2014 2:33 PM GMT
    http://www.rollcall.com/news/ukraine_neighbors_urge_expansion_of_us_gas_exports-231391-1.html?pos=htmbtxt

    The crisis in Ukraine has injected a new element of Cold War politics, as well as a supporting cast of European diplomats and Washington lobbyists, into the debate on Capitol Hill over natural-gas exports.

    Until now, the debate has broken down along familiar lines. The oil and gas industry and its Republican supporters have argued that larger exports of American liquefied natural gas would reduce the national deficit and create jobs.

    Opposing them is a coalition of Democrats, consumer advocates, chemical companies and manufacturers who counter that increasing LNG exports would raise domestic gas prices, hurting both consumers and companies such as Dow Chemical and DuPont. Environmentalists who oppose fracking, meanwhile, fear that expanding exports will encourage more production.

    But with Russian troops tightening their grip on Ukraine’s strategic Crimean Peninsula, the advocates for more U.S. gas exports have added what they hope will be a compelling geopolitical argument to their quiver: The Obama administration and Congress can use the nation’s enormous gas reserves as a weapon to help Ukraine and other European countries break their dependency on Russian gas and thereby reduce Moscow’s political leverage over them.

    “Russia has repeatedly used its supply of natural gas to pressure Ukraine economically and politically, and has announced that it will significantly increase its cost in a deliberate effort to squeeze Ukraine,” California Republican Ed Royce, chairman of the House Foreign Affairs Committee, said at a hearing last week on the Ukraine crisis. “Fortunately, we have an option to counter this threat, namely reducing the current impediments to exports of American natural gas.”
  • Kazachok

    Posts: 415

    Mar 12, 2014 3:25 PM GMT
    Or this:
    V0YbtbI.jpg
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    Mar 12, 2014 3:39 PM GMT
    Kazachok saidOr this:
    V0YbtbI.jpg


    Europe really should develop their shale... but the problems plaguing their development outside the US isn't limited to the physical technology but also property rights:
    http://www.the-american-interest.com/blog/2014/03/09/uk-shale-struggles-a-reminder-of-why-america-succeeded/

    I think the US would be thrilled if energy sources were developed outside the middle east and russia. More money is made from what energy gets used for than what you get for energy anyway.
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    Mar 12, 2014 8:15 PM GMT
    Can U.S. Fracked Gas Save Ukraine?
    The conflict over Crimea may prove a last gas…p for Russian energy warfare
    http://www.scientificamerican.com/article/can-us-fracked-gas-save-ukraine/

    Russia has the leverage to use its energy supplies as a political cudgel in Ukraine or the rest of Europe—the European Union imports one third of its gas from the eastern giant—and has not hesitated to use it in the past, most recently in 2009. Western Europe’s gas purchases from Russia (then the Soviet Union) started in the early 1970s, mostly as symbolic trade—part of the policies of Cold War détente and Ostpolitik (the latter, West Germany’s unilateral attempt to normalize relations with the U.S.S.R.). The resulting energy trade with Germany expanded to other Western European countries in the ensuing decades, and grew to become what some critics of détente had always feared: dependence on Russia by Western Europe for essential energy supplies.

    This vulnerability may not persist indefinitely, however. In fact, this could conceivably be the last time Moscow will be able to use gas as a weapon. The world’s fracking-enabled natural gas boom may, over time, upset this status quo, if not as soon as U.S. politicians would like because fracked gas cannot serve as a bargaining chip in the current crisis.

    That's not just because U.S. natural gas supplies are currently low after a cold winter. Supplies will soon rebound as the U.S. enjoys an ongoing surfeit of natural gas, thanks to new techniques to free the hydrocarbons embedded in deep shale. This can not only help bolster energy independence, but eventually could also weaken the petrodollar flow into the Putin regime.
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    Mar 12, 2014 8:39 PM GMT
    Europe could care less about Ukraine, Merkel want to sell the Russian crooks Mercedes and BMW's and London wants to keep laundering the dirty Russian drug and gun money
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    Mar 12, 2014 9:01 PM GMT
    somersault saidEurope could care less about Ukraine, Merkel want to sell the Russian crooks Mercedes and BMW's and London wants to keep laundering the dirty Russian drug and gun money


    I'm pretty sure they want to do that AND not be held hostage by Russia's threats to turn the gas lines off.
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    Mar 12, 2014 11:33 PM GMT
    riddler78 said
    somersault saidEurope could care less about Ukraine, Merkel want to sell the Russian crooks Mercedes and BMW's and London wants to keep laundering the dirty Russian drug and gun money


    I'm pretty sure they want to do that AND not be held hostage by Russia's threats to turn the gas lines off.


    in other words, Putin has them by the balls