(Photo of Gazprom sign in Moscow from Flickr and photographer Martin Griffiths)
News Update: When T. Boone Pickens came up with his plan for natural gas to fuel U.S. cars, the idea was that gas would be local. Now, look who’s getting into the act – Russia. Gazprom, the Russian company that supplies 85% of Russia’s natural gas and 25% of Europe’s, is eyeing the North American market as a customer for its offshore gas fields. The company plans to buy a small, unidentified, natural gas marketing and trading company in the U.S., Jack Hattenberger, Gazprom president for U.S. marketing and trading told a U.S.-Russian business group last week. “Long-term our goal is to develop a leading marketing and trading organization in North America, using LNG [liquid natural gas] as our foundation supply." The company plans to ship 500 million to a billion cubic feet a day here starting in 2014 and ramp up to 4-10 billion cubic feet. (The U.S. Department of Energy expects our consumption of natural gas to be about 24 trillion cubic feet by 2016.) Gazprom execs, including 2 who are close to Putin, also visited Alaska last week to pitch help in extracting its gas. They have experience in the far north, they said. I don’t mean to sound protectionist here, but what happened to independence from foreign oil. Doesn’t that apply to gas too? And didn’t Russia turn off the pipeline to Eastern Europe to put political pressure on them. T. Boone, I don’t think this is what you had in mind. (Source: E&E News PM)
1 comment:
Cynthia,
I am surprised that you have not crowed about the latest exhibit from the Ministry of Socialist Propaganda, an organization which so-called “Liberals” require me, through force of law, to fund.
Obviously, I would never choose, of my own free will, to fund such blatant one-sided propaganda. But, so-called “Liberals” don’t care about freedom, do they?
Be afraid! Be VERY AFRAID! It is entirely justified!
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