Fracking (finally) begins in EuropeJanuary 27, 2014
Europe’s first horizontally drilled and hydraulically fractured natural gas well has been drilled and tested in Poland, yielding a flow of 60,000 cubic feet per day. This Polish well is the project of an Irish-based company, backed by major US investors George Soros and BlackRock, Inc. They expect to expand drilling this summer and to quickly ramp up to “several million cubic feet of gas per day.” Despite the successful efforts of anti-fracking activists in several European nations, the Shale Age has begun in Europe. Poland is just the first crack in the wall; when Russia begins fracking its massive Bazhenov field, the rest of Europe will quickly follow suit.