Expert: U.S. Gas Revolution Threatens Russian Economic Growth -- Washington Free Beacon
Fracking is a ‘remarkable story of entrepreneurship’.
The burgeoning natural gas revolution in the United States threatens the central economic strategy of Russia and leaves its autocratic leaders with few alternatives to combat anemic economic growth, one expert said Wednesday.
Dr. Thane Gustafson, a political science at Georgetown University at Georgetown University and one of the world’s foremost experts on Russian energy, said the surge in U.S. natural gas production has undercut Russian gas exports to Europe and prompted executives to scuttle their plan for shipping liquefied natural gas (LNG) to America.
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My Comment: Energy development has been the driving force of the Russian economy for the past two decades .... and the source of revenues for the government. Any disruption will have consequences .... not only on Russia but also on OPEC.
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