European flag outside the Commission (Photo credit: Wikipedia)

This is an interesting article and worth a read. Check it out!

via Shale Gas Market is Expected to Reach $104.1 Billion, Globally, by 2020 – Shale World : Shale World.

Against a background of Europe fire-fighting for energy, once again this article raised in my mind the poor judgement of the European Union and her sponsors in not having an effective energy strategy. In my eyes, the European Commission seems to be run by a bunch of greens who are out of touch with reality, geopolitics and commerce.

Surely, it makes sense for Europe to pitch in and help Cyprus develop offshore oil and gas?

Also, the EU must surely look again at the cost benefit of shale gas, viz. fracking?

Thoughts?

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