Christopher Coats: Can shale save Europe?
Regardless of how Russia’s foray into Ukraine finally works out, these last few weeks have offered a stark reminder of Europe’s desperate need to diversify its energy options. Although Russia has stopped short of halting gas deliveries to Ukraine or the rest of Europe, the threat remains real and worthy of concern. Russia currently supplies about a quarter of the continent’s natural gas demand, with a third of that flowing through Ukrainian transmission lines.