Ukraine's interim Prime Minister Arseniy Yatsenyuk and EU Council President Herman Van Rompuy signal closer ties (photo: dpa)

America’s shale gas revolution could free Europe from Russia’s energy grip

Russian gas, pumped through pipelines across Ukraine, fuels much of European industry. Some countries in Western Europe appear hesitant about imposing sanctions on Russia after its annexation of Crimea for fear of damaging their own economies. But Russia’s control of the energy market could be broken by a free market.

<i>The United States has an array of policy options including military, diplomatic and economic, to consider using to impose pressure on Russia in response to its aggression against Ukraine. However, one must not discount the impact that free markets and free trade can ultimately have on the situation. What is the likelihood of America liberalising its energy marke...

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 Nick Loris
Mr Putin knows Russia has to sell its energy to maintain its economy and he knows that Europe needs that natural gas. It is quite possible, although unlikely, that Russia could retaliate against sanctions by embargoing gas exports
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