Tags: natural | gas | foreign | policy

US Natural Gas Production Could Benefit Foreign Policy

By T.M. Golub   |   Friday, 29 Jul 2011 12:45 PM

A recently released study by the Baker Institute at Rice University titled “Shale Gas and U.S. National Security” brings to light the benefits this form of energy could have on U.S. foreign policy, the conservative website Heritage.org reported.
 
There are roughly 2,000 trillion cubic feet of salvageable natural gas in North America, which amounts to 100-years’ worth of gas consumption for the United States, thanks to innovation and technological prowess.
 
The United States would not be the sole beneficiary of this find, considering Europe now is beholden to the East for their natural gas supplies with Russia accounting for 27 percent of the market share; the United States producing natural gas for European consumption could reduce the Russian market share to 13 percent by 2040, the website reports.
 
Despite Russian gas exports continuing to grow, the main destination of this product has been focused further east toward China and Japan. The cementing of an ongoing, presently negotiated Sino-Russian energy deal for 68 billion cubic meters of natural gas would shift attention away from the European continent but would strengthen ties between Russia and China.
 
Once brought forth from the ground, the implications of this indigenous haul could help sway influence back in the United States’ favor knowing that nations with considerable blessings of energy derivatives, i.e. Russia, Iran, Saudi Arabia, are able to dictate foreign policy objectives and often with damaging consequences.

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