Insight: Poland's Shale Gas Play Takes On Russian Power -- Reuters(Reuters) - When Wieslaw Radzieciak took office as the mayor of Lesniowice in the gently-rolling farmland of southeastern Poland 26 years ago, the Soviet garrisons that dotted the county were a stark reminder of which superpower was in control.
The signs of Russian occupation have vanished but over the past year a new superpower has moved in, its presence spelled out on the distinctive logos plastered on the trucks used by U.S.-based oil services company Halliburton.
It's all part of Poland's ambitious goal to exploit Europe's biggest estimated deposits of shale gas. Beginning in 2014, Warsaw wants to tap an estimated 5.3 trillion cubic meters of recoverable reserves of gas - enough, according to the U.S. Energy Information Administration, to supply Poland with more than 300 years of its domestic energy needs.
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My Comment: If this becomes successful .... and it is a big if .... it will have a profound impact on Russian influence in Europe as well as a big drop in income earned from gas sales. Are the Russians concerned ... you betcha. Are the Poles and others hopeful that this will succeed .... you betcha on that also.
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