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Monday, July 14, 2014

U.S. Gaining Worldwide Leverage Because of Shale

From the Pittsburgh Post-Gazette:
Since midpoint in the last decade, America’s shale-energy balance sheet has grown ever more positive. The abundance today of shale-enabled oil and natural gas defines many places where investment and economic activity had once been scarce. Just look at Pennsylvania, North Dakota, Texas and many other states. 
But there’s another benefit — albeit one which few Americans easily discern: The shale revolution is generating national security and geopolitical assets, real-world consequences moving more sharply into focus in recent weeks. 
Just the potential for sizable U.S. energy exports gives pause to petro-dictators and expansionist bullies, forcing Russian President Vladimir Putin, for example, to downscale his ambitions.
Read the entire article by clicking here. 

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