Aftermath of Ukraine Crisis: What Shale Europe Do? | Student Reporter

The U.S. Energy Information Administration estimates that Europe has around 470 trillion cubic feet of potentially recoverable shale gas in total, which amounts to 80 percent of America’s reserves. Taking into account the successful development of the American shale gas industry, these estimates seem to be encouraging. The extraction of natural gas has led to lower gas prices, creation of hundreds of thousands of jobs and growth in gross domestic product, according to America’s Natural Gas Alliance.

via Aftermath of Ukraine Crisis: What Shale Europe Do? | Student Reporter.