As the U.S. shale industry grows, it makes Russia less and less important to vulnerable countries like Poland, who are at Russia’s mercy. It also takes away potential customers, as the United States looks to explore markets that were targets of companies like Gazprom.
For proof that the Russians are concerned about the emergence of shale energy, consider this: Despite dismissing shale publicly, on Thursday Gazprom announced its own shale-drilling project.
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