“Natural gas was the origin of the crisis in Ukraine. It is in Russia’s interest to keep Ukraine and Europe hooked on Russian gas at prices just low enough to quash incentives to drill and frack for shale gas. Russia’s state-run news and propaganda outlets have for years disseminated articles critical of fracking and supported opponents of the technique. Now with Yanukovich gone it’s as if Putin has taken the Crimea as a kind of hostage — collateral to hold against what Ukraine owes Russia for gas. The desperation of Putin’s actions underscore the threat that shale gas development really does pose to Russia’s gas-fueled diplomacy.”
Christopher Helman, Forbes.
A new book, called The Frackers, has come out on the issue of the shale-gas engineers and how they have succeeded despite, and not because of, state involvement. Al Gore or whoever might try and lay claim to have invented the internet but they certainly cannot do so with fracking. About the best that can be said of the role of government is that it sometimes upholds property rights necessary for said activity to go ahead.