There’s no question that Europe is finally awakening to the enormous economic benefits of shale hydrocarbons. Given the nascent impact of the US shale gas and oil industries on both domestic and global markets it is impossible to ignore. But while European leaders openly admit to reappraising their anti-shale development attitude, and the fracking technique that made it possible, two barriers to success remain: an incoherent energy strategy that pre-eminently favours environmental considerations, and national greed that can, as in Poland, threaten to choke national shale industries at birth.
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