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Russia Increasingly Worried About US ‘Shale Revolution

Natural Gas Europe -- Russia’s President Putin urged the country’s gas monopoly Gazprom to revise its export policy, as the “shale revolution” and the development of liquefied natural gas will seriously eat into the country’s export revenues.

Experts agree that alternative commodities have already started to reshape the market, with the US posing tough competition to Russia.

“Such new players [in the gas market] as the United States and Canada have already started to move.In the US, new technologies allow for profitable shale gas production…Politicians, experts and businesses are talking about a real "shale revolution," Putin added.

“The US is a serious rival to Russia in a gas market,” as the country’s reserves of shale gas stand at 24trln cubic metres, compared to 30trln cubic metres of traditional gas...

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Submitted Oct 28, 2012 By: NOTSOGRN

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KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Nov 1, 2012 7:11:26 PM Ignore KAR120CSII Report Abuse They should be -- we won't buy any more shale from them, ever.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Nov 1, 2012 2:47:03 AM Ignore honda0105 Report Abuse Russia long ago lost it's superior status in the world.
Gnusman53 Champion Author San Diego Posts:7,188 Points:1,139,045 Joined:Feb 2004	Message Posted: Oct 31, 2012 7:51:49 AM Ignore Gnusman53 Report Abuse so listerone admits his source of income???? (grin)
Gnusman53 Champion Author San Diego Posts:7,188 Points:1,139,045 Joined:Feb 2004	Message Posted: Oct 31, 2012 7:50:38 AM Ignore Gnusman53 Report Abuse Actually, the stuppid ones are the americans...... they'll complain about high gas prices...then do nothing to force them back down by internalizing most production to American markets only. Perhaps the government should set a percentage of fuel to be kept in the US before allowing the tax benefits and profits for foreign sales....
DanMtz Champion Author Oakland Posts:3,491 Points:1,270,050 Joined:Oct 2009	Message Posted: Oct 29, 2012 4:52:26 PM Ignore DanMtz Report Abuse Good, make 'em sweat.
bonusround98 Sophomore Author Minnesota Posts:231 Points:88,370 Joined:Aug 2012	Message Posted: Oct 29, 2012 4:50:14 PM Ignore bonusround98 Report Abuse great
listerone Champion Author Boston Posts:3,490 Points:903,740 Joined:Aug 2008	Message Posted: Oct 29, 2012 7:46:05 AM Ignore listerone Report Abuse I heard it said on the BBC today that,in some circles,it's being suggested that the Soviets are funding the left wing protesters opposing fracking because they fear being replaced as the major gas producer.The US and Canada,combined,can render the Soviets as a minor player in world energy markets.
tomok Champion Author Portland Posts:33,587 Points:2,373,210 Joined:Aug 2006	Message Posted: Oct 29, 2012 12:08:48 AM Ignore tomok Report Abuse Russia Increasingly Worried About US ‘Shale Revolution' and they should be. Big Oil and Big Gas exports fuel and natural gas to other countries that will pay more for it, much more than here. There will be NO price reduction or cheaper prices for natural gas IN the US, so it does NOT matter how much crude oil or natural gas is produced. 'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down. People will still drive and buy fuel no matter what but it sure helps to have a job too! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. The price of fuel at the pump is too high! XII/XXII/MMXII!
KAR120CSII Champion Author Oregon Posts:3,282 Points:641,755 Joined:Apr 2010	Message Posted: Oct 28, 2012 10:11:47 PM Ignore KAR120CSII Report Abuse Wish all the theatrics could help bring down prices here. The world's a stage and that's where our oil is going.
SkooterG Champion Author Phoenix Posts:1,369 Points:344,185 Joined:May 2012	Message Posted: Oct 28, 2012 9:45:33 PM Ignore SkooterG Report Abuse Oil and gas revenues 80% of the Russian budget? Wow!
quasar502 Champion Author Lansing Posts:3,723 Points:829,050 Joined:Jan 2011	Message Posted: Oct 28, 2012 9:39:35 PM Ignore quasar502 Report Abuse Now that's a real shame. lol
speedraider Champion Author Orlando Posts:3,813 Points:1,672,595 Joined:Nov 2005	Message Posted: Oct 28, 2012 9:33:12 PM Ignore speedraider Report Abuse old news
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Oct 28, 2012 9:17:21 PM Ignore TIGERPAW46 Report Abuse miser709; Your right & they are only worried about getting their money back with interest not about US.
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: Oct 28, 2012 9:16:23 PM Ignore Bigwaynef Report Abuse He better get Putin real quick...
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Oct 28, 2012 9:15:33 PM Ignore crreed1 Report Abuse old news
TIGERPAW46 Champion Author Florida Posts:7,241 Points:1,379,620 Joined:Mar 2004	Message Posted: Oct 28, 2012 9:15:26 PM Ignore TIGERPAW46 Report Abuse Keep enough of all our resources in the USA to fulfill all our needs first. Only allow export of EXCESS Gasoline, Diesel, NG, Oil & all commodities to keep our prices more reasonable, just like many countries do with their resources.
Aviator_Rob Champion Author New York Posts:3,985 Points:440,290 Joined:Mar 2012	Message Posted: Oct 28, 2012 9:14:05 PM Ignore Aviator_Rob Report Abuse Sure, @Zeke33. Obama is such good friends with the Russian President that Putin is crapping his pants over our installing a missile defense shield in Poland. Stop watching Fox News for once.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,093,950 Joined:Mar 2004	Message Posted: Oct 28, 2012 9:13:46 PM Ignore miser709 Report Abuse I doubt anyone is worried about the US with the exception of the people we owe money to.
ssect8 Champion Author Hartford Posts:8,131 Points:2,118,255 Joined:Jun 2006	Message Posted: Oct 28, 2012 9:12:35 PM Ignore ssect8 Report Abuse Isn't that just too bad!
N5EXY Champion Author Austin Posts:5,632 Points:1,536,990 Joined:Jul 2004	Message Posted: Oct 28, 2012 9:11:25 PM Ignore N5EXY Report Abuse The US has been a serious rival to Russia in any and all markets in the past.
Blue_Cruzer Champion Author Lexington Posts:7,660 Points:1,697,285 Joined:Mar 2007	Message Posted: Oct 28, 2012 9:11:07 PM Ignore Blue_Cruzer Report Abuse They should be.
Aviator_Rob Champion Author New York Posts:3,985 Points:440,290 Joined:Mar 2012	Message Posted: Oct 28, 2012 9:10:59 PM Ignore Aviator_Rob Report Abuse This just proves that the drillers have no desire to lower natural gas prices for Americans. Their main goal is to export the stuff out of the country, with the profits going right into their pockets. And once the shale gas is all gone, then what?
bluegrasser1 Champion Author Richmond Posts:16,075 Points:2,643,320 Joined:Sep 2005	Message Posted: Oct 28, 2012 9:10:30 PM Ignore bluegrasser1 Report Abuse ok
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Oct 28, 2012 9:10:24 PM Ignore rahcat Report Abuse Too bad President Pukin......I mean Putin.
altima2008 Champion Author Philadelphia Posts:8,300 Points:1,764,715 Joined:Apr 2008	Message Posted: Oct 28, 2012 9:07:47 PM Ignore altima2008 Report Abuse russia can go pound sand
Jmac2008 Champion Author Missouri Posts:2,411 Points:907,865 Joined:Dec 2008	Message Posted: Oct 28, 2012 9:04:45 PM Ignore Jmac2008 Report Abuse ok
gilfarm Champion Author Alabama Posts:6,931 Points:1,975,565 Joined:Sep 2005	Message Posted: Oct 28, 2012 9:03:38 PM Ignore gilfarm Report Abuse Old news!
ManOfLeisureII Champion Author Philadelphia Posts:2,010 Points:480,875 Joined:Jan 2012	Message Posted: Oct 28, 2012 9:02:53 PM Ignore ManOfLeisureII Report Abuse So what, who cares
Zeke33 Champion Author New Hampshire Posts:5,659 Points:1,635,120 Joined:Sep 2005	Message Posted: Oct 28, 2012 9:02:08 PM Ignore Zeke33 Report Abuse Obummer will see that his buddy Putin doesn't get hurt.
SovietSunrise Champion Author San Antonio Posts:7,910 Points:1,117,680 Joined:Jun 2007	Message Posted: Oct 28, 2012 9:01:10 PM Ignore SovietSunrise Report Abuse Lyubimoy Sovetskiy Soyuz moy
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,660 Joined:Jun 2004	Message Posted: Oct 28, 2012 9:00:10 PM Ignore BREW9 Report Abuse ok
s6sputnik Champion Author Austin Posts:6,332 Points:1,333,645 Joined:Jun 2007	Message Posted: Oct 28, 2012 8:59:42 PM Ignore s6sputnik Report Abuse CCCP
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Oct 28, 2012 8:58:13 PM Ignore melvindale Report Abuse USSR!
LanguageMan1 Champion Author Tampa Posts:11,861 Points:1,688,515 Joined:Apr 2008	Message Posted: Oct 28, 2012 8:54:27 PM Ignore LanguageMan1 Report Abuse Good but yet not so good with all the resulting pollution.
theWizK All-Star Author Columbus Posts:871 Points:411,505 Joined:May 2007	Message Posted: Oct 28, 2012 8:49:58 PM Ignore theWizK Report Abuse Good
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Oct 28, 2012 8:48:38 PM Ignore farn1958 Report Abuse ok
GManCo Champion Author Colorado Springs Posts:5,126 Points:977,340 Joined:Sep 2010	Message Posted: Oct 28, 2012 8:47:16 PM Ignore GManCo Report Abuse LNG is a great solution.
tco9436 Champion Author Connecticut Posts:1,807 Points:743,650 Joined:Mar 2010	Message Posted: Oct 28, 2012 8:44:59 PM Ignore tco9436 Report Abuse OK
tutaw Champion Author Kentucky Posts:3,754 Points:869,995 Joined:Sep 2008	Message Posted: Oct 28, 2012 8:37:20 PM Ignore tutaw Report Abuse Good
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,320 Joined:Sep 2009	Message Posted: Oct 28, 2012 8:35:46 PM Ignore mcmonsta Report Abuse business is business
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Oct 28, 2012 8:33:32 PM Ignore frostyWV Report Abuse as well they should be.
civicdutie Champion Author Rochester Posts:4,586 Points:978,485 Joined:Nov 2008	Message Posted: Oct 28, 2012 8:33:14 PM Ignore civicdutie Report Abuse At that distance, I'm sure Russia can compete in Asia
davenles Champion Author Texas Posts:3,336 Points:745,610 Joined:May 2011	Message Posted: Oct 28, 2012 8:32:36 PM Ignore davenles Report Abuse Cold War of a different sort.
gumbyrex Champion Author Fresno Posts:3,436 Points:786,015 Joined:Mar 2011	Message Posted: Oct 28, 2012 8:30:53 PM Ignore gumbyrex Report Abuse Good to see Russia a little paranoid.
postcard9 All-Star Author Massachusetts Posts:893 Points:528,745 Joined:May 2011	Message Posted: Oct 28, 2012 8:30:50 PM Ignore postcard9 Report Abuse Watch those rascals.
DustyHorse Champion Author Virginia Posts:6,222 Points:1,417,740 Joined:Oct 2008	Message Posted: Oct 28, 2012 8:28:39 PM Ignore DustyHorse Report Abuse Maybe the Russians can stop ripping off Europe.
PoohMcGoo Champion Author Alabama Posts:3,122 Points:822,360 Joined:Dec 2010	Message Posted: Oct 28, 2012 8:28:21 PM Ignore PoohMcGoo Report Abuse Maybe this is what Obama was referring to with Russia that he'd have more flexibility in his second term.
idigau22 Champion Author Washington Posts:23,602 Points:3,228,610 Joined:Apr 2003	Message Posted: Oct 28, 2012 8:26:03 PM Ignore idigau22 Report Abuse Don't turn our backs on these Commies! Watch them close!!!
camel1 Champion Author Minnesota Posts:8,410 Points:2,294,315 Joined:Jul 2006	Message Posted: Oct 28, 2012 8:22:26 PM Ignore camel1 Report Abuse competition is supposedly good
Fitwit Champion Author Stockton Posts:6,523 Points:1,379,005 Joined:May 2009	Message Posted: Oct 28, 2012 8:22:09 PM Ignore Fitwit Report Abuse Can't trust Putin or Vodka either.