Archive for Poland
www.nytimes.com 10th April 2011
The global recession has had many an unintended consequence in our society. One way European governments are tightening their belts is by reducing subsidies on new technologies such as renewable energy, thereby making it more expensive for citizens to use. Coupled with the current negative attitude towards nuclear power following the awful Japanese tsunami of March last year, there is suddenly a gap in the energy market. And it seems we are falling back on fossil fuels as a result. Countries all over sub-Saharan Africa are experiencing billions of dollars of investment as energy giants look for the next lucrative oil or gas field to exploit. Mozambique, for example, has seen interest from the American company Exxon-Mobil, the British BG Group, and the Italian Eni. Potentially, the eastern African country has more gas reserves than the largest producer in Europe: Norway. Much of these resources will be diverted towards the energy hungry East, where China’s demand is forever increasing. The scramble for new resources good have benefits on a national scale. Energy companies are diversifying their sources for fossil fuels, and the introduction of the contentious ‘fracking’ of shale gas could allow countries like Poland escape their reliance on Russia for gas. However, environmentally, this renewed boom of fossil fuel exploration can only have a detrimental effect.
e360.yale.edu 1st December 2010
Quoted from source:
‘In a scramble for new sources of natural gas, European energy companies are increasingly turning to hydraulic fracturing, or “fracking,” a drilling technique that has generated controversy in the U.S. because of potential harmful environmental effects. In Poland, Halliburton has constructed a well for the state-owned Polish Oil and Gas Company that analysts say could yield 1.4 trillion cubic meters of natural gas, and test wells have been built or are planned in the UK, Sweden, and Denmark. Critics say the drilling process — which involves pumping fluids and sand into the ground at high pressure to break up shale rock and release gas — poses a threat to drinking water supplies. New York officials this week approved a temporary ban on fracking until state regulators can establish safety guidelines, and the Obama administration is considering stricter disclosure requirements from drilling companies.’