Russian Prime Minister Vladimir Putin has urged his country's gas industry to "rise to the challenge" of shale gas as the United States and some European countries forge ahead with developing the controversial energy source.
US shale gas production may "seriously" restructure supply and demand in the global hydrocarbons market, Putin said yesterday (11 April) in his final address to the Russian Duma before he takes over as president on 7 May.
"Our country's energy companies absolutely have to be ready right now to meet this challenge," he said. Putin said Russia must be prepared for "any external shocks" and "a new wave of technological change" that was "changing the configuration of global markets"
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Bloomberg reported that the United States overtook Russia as the biggest producer of natural gas in 2009 as it extracted fuel trapped in shale (see background). That has slashed gas prices and led nations from China to Poland to explore exploiting shale gas, potentially cutting their reliance on Russian gas.
Meanwhile, T Boone Pickens admits
he lost his derriere pushing wind power, and says the work is in oil and gas.
"I've lost my a--" in wind power. This came moments after he said, "The jobs are in the oil and gas industry in the United States":
As for so-called energy independence, “I wouldn’t want to be,” Pickens said, “because I want to work with the Canadians. But we work with the Canadians like they’re the enemy sometimes. We tell them they can’t bring a Keystone pipeline to the United States…That’s 250 billion barrels of oil that the United States would capture for our use.”
Pickens continued, “You know that wind and solar are not going to move an eighteen-wheeler.”
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