Gazprom is biggest loser as shale gas upends markets!

[yortsed snacilbuper]

The U.S. no longer needs Russia's gas, leaving President Vladimir Putin fighting to salvage Gazprom's $20 billion Shtokman project in the Arctic. China, the biggest energy consumer, is exploring its own shale reserves and hesitating to accept a pipeline from Russia. Gazprom's shipments fell about 14 percent so far in 2012, and the stock has lost 9.6 percent.

Read more: link

[On the Road]

1. Thank You

I have not been following the geopolitical implications of shale gas but this makes perfect sense and (at least economically) is good for the US.

[Art_from_Ark]

2. To get this shale gas, the US is resorting to fracking in many cases

which is contaminating groundwater supplies and maybe even causing earthquakes.

[Ruby the Liberal]

3. Have you seen the documentary Gasland?

Here is the trailer: http://topdocumentaryfilms.com/gasland/

[limpyhobbler]

4. This is horrible for our economy. Billions of dollars will be wasted repairing the aging

municipal water systems and private wells that are being shaken apart by the drilling and injection. The profits will all go into private hands. The costs will be socialized.

Nobody knows how to put a price on the contaminated water. What are people supposed to drink? Local people will suffer the cost with health problems and shorter lives.

The people who instigated this energy policy should rot in hell. Sorry but that's how I feel about it.

This fuel also contributes to global warming.

This dangerous project should never have been started without consulting the American people. The oil & gas industry are the true rulers of America.

Even with a Democrat president, the Koch Bros. And Halliburton are still running the show. Oh well.