One by one, Europe’s shale dreams have evaporated. Poland, Lithuania, Ukraine, and even the UK have all seen oil majors throw in the towel on fracking projects that were once seen as a path towards a European energy renaissance. The FT reports on how mismanagement and unfavorable conditions both in energy markets and the natural world have tripped up so many countries in their attempt to follow America’s lead:
The reasons for the bust across the region are varied: sometimes unfavourable regulatory and tax regimes, as well as bans or temporary moratoria on hydraulic fracturing such as in Bulgaria, Romania and …read more
Source: The American Interest
