America's Natural Gas Lever
The news that the Obama administration wants to use America’s new natural gas abundance as a lever against Russia offers a chance to change a long-term dynamic in Europe, which allows an undemocratic petrostate to dictate terms to our closest allies.
This won’t happen overnight, and it won’t be of use in the current crisis. But by accelerating the process now, we can give our allies freedom to respond to future aggressions like the one in Crimea. And we will increase our capacity to shape coalitions that manage a resurgent and aggressive Russia.
Europe imports 15 billion cubic feet of gas per day from Russia.… Seguir leyendo »