Energy In Depth reports on recent coverage of how US shale is affecting energy markets across the globe:

"The Associated Press has a recent must-read story about how hydraulic fracturing is “shaking up world energy markets from Washington to Moscow to Beijing.” The premise is one we’ve covered here at EID before, but it simply cannot be overstated: developing natural gas from shale is not only an unquestionable economic and environmental winner for the United States, but also re-centering global energy markets away from Russia and the Middle East and toward the United States and North America.

From the AP:

The Kremlin is watching, European nations are rebelling, and some suspect Moscow is secretly bankrolling a campaign to derail the West’s strategic plans.

It’s not some Cold War movie; it’s about the U.S. boom in natural gas drilling, and the political implications are enormous.

Like falling dominoes, the drilling process called hydraulic fracturing, or fracking, is shaking up world energy markets from Washington to Moscow to Beijing. Some predict what was once unthinkable: that the U.S. won’t need to import natural gas in the near future, and that Russia could be the big loser.

“This is where everything is being turned on its head,” said Fiona Hill, an expert on Russia at the Brookings Institution, a think tank in Washington. “Their days of dominating the European gas markets are gone.”

And as we’ve mentioned before, the growth of shale development in the United States has been anything but a partisan issue:"

READ THE REST: http://www.eidohio.org/u-s-shale-is-undermining-russias-gas-monopoly/