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Byron Shire
December 1, 2021

Fracking, war and gas supplies

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It would appear that the world is closer to World War III and nuclear war today, than any time in the past.

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If Russian gas supplies to Europe are cut by war, the US may benefit, by supplying gas to Europe, through its newly found abundance of fracking gas, giving a whole new dimension to the problems caused by fracking gas.

Peter Olson, Goonengerry


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1 COMMENT

  1. US business is desperate to sell its oil and gas to Europe Peter – gas prices in EU are more than double what they get in the US. America is the world’s #1 producer of oil and gas having recently surpassed Saudi. And Germany with its dependence on Russia is most anxious to buy its dirty fuel.
    But there is a ban on the export of American energy (national security of course). It is somewhat ironic that the world’s great free trader has such policies but I suppose hypocrisy has always been the handmaiden of Empire.
    Business on both sides of the Atlantic are currently pushing to conclude the Transatlantic Trade and Investment Partnership (which people fiercely resist) which might involve lifting that the US ban – never mind that it is in violation of WTO rules.
    So yeh – fracking has some interesting implications and shale really has been a revolution.

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