Europe Must Forget Fantasies about Repeating the US Shale Boom

Robin Meige, the director of strategy at the European Commission’s DG Environment, put a bit of a downer on Europe’s plan to use hydraulic fracturing to experience a shale boom and drive gas prices down, when he explained that conditions in Europe were a little different.Europe’s energy prices are double those in the US, and leaders are turning to unconventional sources of fossil fuel as a means to increase supply to the market, and hopefully force prices down.Geological and geographical differences in Europe compared to the US,…

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