It was a rare moment in relations between the media and the government: In 2008, FBI Director Robert Mueller called the top editors at The New York Times and The Washington Post to apologize.More >>
It was a rare moment in relations between the media and the government: In 2008, FBI Director Robert Mueller called the top editors at The New York Times and The Washington Post to apologize because the bureau had improperly...More >>
Tuesday, May 21 2013 8:29 AM EDT2013-05-21 12:29:29 GMT
Residents in tornado-stricken Moore, OK, await news on missing love ones Tuesday, a day after a massive tornado devastated the city, killing at least 51. Rescuers worked all night, with particular attentionMore >>
Residents in tornado-stricken Moore, OK, await news on missing love ones Tuesday, a day after a massive tornado devastated the city, killing at least 51.More >>
Tuesday, May 21 2013 7:33 AM EDT2013-05-21 11:33:11 GMT
People affected by the massive tornado that killed at least 51 people and destroyed parts of Oklahoma still do not know where their loved ones are, but many of them are using social media to find out.More >>
People affected by the massive tornado that killed at least 51 people and destroyed parts of Oklahoma still do not know where their loved ones are, but many are using social media to find out.More >>
Tuesday, May 21 2013 7:13 AM EDT2013-05-21 11:13:44 GMT
You can help those affected by the deadly, severe weather that hit Oklahoma Monday. Over the weekend, Missouri, Iowa, Kasas and Illinois also experienced severe weather.The American Red Cross is acceptingMore >>
Learn how you can help victims of severe weather recover in the Plains States...More >>
By The Associated Press Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:More >>
Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:More >>
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SOURCE Geopolitical Information Services AG
VADUZ, Liechtenstein, March 20, 2013 /PRNewswire/ --
The world is on the verge of the 'Golden age of gas', where unconventional gas, or shale gas, will be considered a game changer for the global market. However, in Europe environmental concerns have put the brakes on shale gas production in many countries, including the UK and Poland, writes energy economist Dr Frank Umbach.
Writing for World Review, he says that nearly half the global gas production up to 2035 will come from unconventional gas, "if the industry receives social license to operate within stringent regulatory regimes to satisfy public environmental and social concerns."
The rising volume of relatively cheap coal imports from the US to Europe in 2012 has reduced Europe's consumption of gas. It has also led to higher greenhouse gas emissions and put Europe at odds with EU climate and energy policies.
"Europe's energy-intensive industries, such as the chemical industry, have become increasingly concerned that the gas glut in theUShas reduced natural gas prices there by more than two-thirds since 2008," he says.
"In Europe, gas prices have remained relatively expensive because of the linkage to oil prices and long-term contracts withRussiawhich have'pay-or-take'clauses. The importer has to pay the supplier a certain price, even for products they do not take, for this type of contract clause."
Cheap gas reserves also call into question the renewable energy policies of the EU, he adds.
World Review author Dr Frank Umbach is a Senior Associate and Head of the Programme 'International Energy Security' at the Centre for European Security Strategies (CESS) GmbH, Munich-Berlin and Associate Director of the European Centre for Energy and Resource Security (EUCERS) at King's College, London. He is also a consultant on international energy security and security policies as well as the Asia-Pacific region.
About World Review
World Review (http://www.worldreview.info) is a free to access website that offers analytical reports provided by a network of leading global experts in geopolitics, economics, defence, security and energy.
World Review has been developed by Geopolitical Information Service AG, which is based in Liechtenstein and is well known for its independent outlook. The website was founded by H.S.H Prince Michael of Liechtenstein. Prince Michael is a widely recognised entrepreneur and expert in the field of global geopolitics and economics, and is the President of the European Centre of Austrian Economics Foundation (ECAEF), a liberal think-tank based in Liechtenstein.