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    market news

    US Gas Not Effective Against Russia

    Vivien Diniz
    Mar. 27, 2014 04:07PM PST
    Oil and Gas Investing

    Forbes reported that natural gas exports from the United States might not be a useful weapon against Russian in light of the recent annexation of Crimea.

    Forbes reported that natural gas exports from the United States might not be a useful weapon against Russian in light of the recent annexation of Crimea.

    According to the report:

    n due time, a global natural gas foundation may be laid here — but the whole geo-political chessboard will have been reshuffled. The argument that the United States must show its strength and move forward is therefore a bit spurious, although the points about opening borders and allowing free trade remain formidable.

    Hill Huntington, executive director, Energy Modeling Forum, at Stanford University stated:

    U.S. Exports are unlikely to make much of a dent into European and Asian markets currently serviced by Russia within the next next decade. There are other sources in the Middle East and elsewhere that may be a lot more competitive with Russian supplies than U.S. exports.

    Click here to view the full report.

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