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half by 2020 and support more than 600,000 new jobs in natural gas alone."Poland Ministry of the Environment wrote in a statement to The Associated Press that "an increased production of natural gas from shale formations in Europe will limit the import via pipelines from Algeria and Russia."The issue has reached the highest levels of the Kremlin, too.Hill, of the Brookings think tank, heard President Vladimir Putin speak in late 2011 at a Moscow gathering of academics and media. She said in a blog post that "the only time I thought that he became truly engaged was when he wanted to explain to us how dangerous fracking was."But one top Gazprom executive said shale gas will actually help the country in the long run. fuels wouldn make their way to Europe on any important scale."Although we heard that the motive of these activities was to decrease dependence of certain countries on Gazprom gas, the end results of these efforts will be utterly favorable to us," Komlev wrote in an email to the AP. "The reason for remaining tranquil is that we do not expect the currently abnormally low prices in the USA to last for long."In other words, if the marketplace for natural gas expands, Russia will have even more potential customers because it has tremendous reserves. for taking the role of "shale gas global lobbyist" and said Gazprom believes natural gas is more environmentally friendly than other fossil fuels."Gazprom group generally views shale gas as a great gift Converse Tennis Shoes Sale

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gas field, saying it couldn justify the investment now, and its most recent financial report showed profits had dropped by almost 25 percent. presidential campaigns have already addressed the strategic potential. could "develop a hundred year supply of natural gas that right beneath our feet," which would "cut our oil imports in Converse Casual

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´╗┐Gas drilling boom rattles Russia

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to the industry," he wrote. natural gas companies and their shareholders want prices to rise, too.James Diemer, an executive vice president for Pace Global, an international consulting company based in Virginia, believes that shale gas costs more to extract than the current market price. Pace, which recently released a report called "Shale Gas: The Numbers vs. The Hype," has been studying shale gas for Gazprom and other clients.Pace work for Gazprom has raised some eyebrows in Washington, and Hill noted that industry watchers in Europe already believe Russia is bankrolling environmental groups that are loudly opposing plans for fracking in Europe, which could cut down on Russia natural gas market."I heard a lot of rumors that the Russians were funding this. I have no proof whatsoever," she said, noting that many critics give the rumors credence because Gazprom owns media companies throughout Russia and Europe that have run stories examining the environmental risks of fracking.

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PITTSBURGH (AP) The Kremlin is watching, European nations are rebelling, and some suspect Moscow is secretly bankrolling a campaign to derail the West strategic plans.Like falling dominoes, the drilling process called hydraulic fracturing, or fracking, is shaking up world energy markets from Washington to Moscow to Beijing. won need to import natural gas in the near future, and that Russia could be the big loser."This is where everything is being turned on its head," said Fiona Hill, an expert on Russia at the Brookings Institution, a think tank in Washington. "Their days of dominating the European gas markets are gone."Any nations that trade in energy could potentially gain or lose."The relative fortunes of the United States, Russia, and China and their ability to exert influence in the world are tied in no small measure to global gas developments," Harvard University Kennedy School of Government concluded in Converse Gold Sneakers a report this summer.The story began to unfold a few years ago, as advances in drilling opened up vast reserves of gas buried in deep shale rock, such as the Marcellus formation in Pennsylvania and the Barnett, in Texas. was running out of natural gas, but then shale gas began to flood the market, and prices plunged. is now about $3 for the same quantity. That kind of math got the attention of energy companies, and politicians, around the world.Some European governments began to envision a future with less Russian natural gas. In 2009, Russia had cut off gas shipments via Ukraine for nearly two weeks amid a price and payment dispute, and more than 15 European countries were sent scrambling to find alternative sources of energy.The financial stakes are huge. Russia Gazprom energy corporation, which is state controlled, had $44 billion in profits last year. Gazprom, based in Moscow, is the world largest producer of natural gas and exports much of it to other countries.But last month Gazprom halted plans to develop a new arctic Converse All Star Chuck Taylor Shoes

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