Gas-powered politics
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 1 August 2019
⏱️ 17 minutes
🧾️ Download transcript
Summary
America's fracking revolution has made the US the world's largest oil and gas producer and that's had political consequences the world over. Manuela Saragosa speaks to Meghan O Sullivan, professor at Harvard Kennedy School and author of Windfall: How the New Energy Abundance Upends Global Politics and Strengthens America’s Power. Morena Skalamera, assistant professor of Russian Studies at Leiden Univesrity, talks about the effect on the giant Russian gas producer Gazprom; and we hear too from Trevor Sikorsi, head of natural gas and carbon research at the consultancy Energy Aspects.
Producer: Laurence Knight
(Image: Workers on a Russian gas pipeline. Credit: Carsten Koall/Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC. I'm Manuela Saragossa. Coming up, fancy a bit of |
| 0:07.9 | freedom gas. It's what the US government calls American natural gas exports. Having the largest |
| 0:14.0 | producer of oil and gas in the world now, the United States, say that its molecules are freedom |
| 0:18.9 | molecules inevitably puts a political tinge on our trade |
| 0:23.3 | and our production. But some countries are very keen indeed on this so-called freedom gas. |
| 0:29.2 | For some countries like Lithuania and Poland, Russian gas is unpalatable politically. So they are |
| 0:35.7 | eager to diversify away from Russia, even if it means paying more. |
| 0:39.3 | How America has upturned the global energy market coming up here in Business Daily from the BBC. |
| 0:50.9 | I'm at home and just lighting the gas hob on my cooker because I'm about to brew my morning coffee. |
| 0:56.8 | Now, I can be pretty sure that the gas coming out of my cooker here was probably piped in from Norway or the North Sea. |
| 1:03.9 | But if I was living in Germany, I'd probably be brewing this coffee with gas from Russia. |
| 1:08.9 | In fact, the US would like more of the gas we use in Europe |
| 1:11.5 | to come from them, but more than a third of all gas used in Europe still comes from Russia, |
| 1:16.4 | and there's no sign of that decreasing, even as the US has emerged in recent years as the |
| 1:22.0 | world's largest natural gas producer. And that transformation of the US into a huge energy producer is thanks to its fracking |
| 1:31.3 | or shale revolution. |
| 1:33.8 | Fracking technology has allowed the US to extract reserves of oil and gas that were |
| 1:38.5 | previously inaccessible, which means the US now has lots of gas to sell to the world. |
| 1:43.7 | That prompted the US government's energy department to tout American gas as freedom gas. |
| 1:50.0 | Molecules of US freedom to be exported to the world is how the department put it. |
| 1:55.5 | So what should we make of that? |
| 1:57.6 | Megan O'Sullivan is a professor at the Harvard Kennedy School. |
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