Putin sees environmental risk from shale gas

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Putin sees environmental risk from shale gas...Another great headline from Vlad coupled with comments about how Gazprom  ( OGZPY , quote ). did not sleep through the Shale gas revolution.

Image courtesy The Kremlin: www.kremlin.ru Russia has been very critical of U.S. shale gas because it's destroying Russia gas pricing power and changing the balance of the demand profile of the USA who was once hungry for Russian LNG.

Gazprom has not overslept, Gazprom has not been acting in the States best interests, but rather in the interests of related parties, management, and insiders in the government.  With 30-40 billion per year in CAPEX means a lot of people don't have to care whether Gazprom is looking forward or not.

As long as people are making a lot of money off Gazprom, nothing will change.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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