Europe has watched the American shale revolution with envious eyes these last few years, and a number of countries—from the UK to Poland to Lithuania—have attempted to replicate U.S. success. But no one has been able to manage to put together the unique set of circumstances that have helped shale flourish here in the states, and the momentum behind fracking operations is stalling across Europe. Bloomberg reports:
Despite Europe’s desire to loosen its reliance on Russian gas, the shale revolution has turned out to be a dud. Difficult geological conditions, fierce environmental opposition, cumbersome regulations and a bloody war in Ukraine …read more
Source: The American Interest
