STOCK MARKET WATCH -- Wednesday, 2 April 2014

[Demeter]

5. Forget Russian Gas, Just Frack Europe: Obama

https://www.commondreams.org/headline/2014/03/27-2

Speaking after a meeting with European leaders at the EU-US summit in Brussels on Wednesday, President Barack Obama suggested that the U.S. is open to exporting fracked shale gas, once promised as the source of American "energy independence," to the EU and urged the EU to open up its own fracking reserves amid energy fears related to the crisis in Ukraine. Environmental groups have warned these policies will do nothing by way of energy security and everything for global environmental destruction and climate chaos.

"Once we have a trade agreement in place," Obama said at a news conference in Brussels in reference to the Transatlantic Trade and Investment Partnership deal currently in the works, "export licenses for projects for liquefied natural gas destined to Europe would be much easier, something that is obviously relevant in today's geopolitical environment."

European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso reportedly pressed Obama during Wednesday's meeting to ease current restrictions on U.S. gas exports, claiming fears over the future of Russian gas imports, which make up a quarter of EU gas supplies.

While insisting that U.S gas exports could be done sometime in the future, Obama used more candid language to suggest EU leaders should first open up their own shale gas reserves to fracking—amongst other energy options such as increased nuclear power....

OH, YEAH, THAT WILL FIX EVERYTHING....