Economy News Oke Everyday

For permission for the exploitation of shale gas under the ground in Germany will in future by the Federal Council will be mandatory testing for environmental liability. The Federal Council called on the federal government in Berlin, environmental impact assessments be declared mandatory. The federal government should provide "the necessary legal changes in the short term," it said in a statement the Bundesrat. EU Energy Commissioner Günther Oettinger (CDU) called on the Federal Government, however, is not to close the controversial technology. "My advice to Germany to be open," Oettinger said at the Munich Security Conference.

The country rejected "in particular the use of environmentally toxic chemicals," the so-called fracking, as long as the risks have not been clarified. The Federal Council also warned "against threats to drinking water source protection areas and healing." Permits for use of Frackings should be issued only after "clear beyond doubt" is that a "permanent change" in water quality were excluded.

Fracking is used for the exploitation of inaccessible gas reserves. The concept is short for "hydraulic fracturing." To German this means as much as hydraulic break. The method is based on water and chemicals under high pressure to press into deep layers of rock, gas and thereby break this extract. Critics including the use of chemicals. The substances could through leaks penetrate soil and thereby contaminate groundwater.

According to the German Federal Institute for Geosciences and Natural Resources under the surface of the Federal Republic of storing up to 2.3 trillion cubic meters of natural gas from shale rock. So Germany could manage more than a decade without supplies from abroad. Because of the controversy around fracking and the unclear legal power companies can not currently anticipate permits for the exploration of deposits or for their exploitation.

In the U.S., because of fracking become an energy revolution talk. Oettinger said he expects by the massive expansion of the U.S. gas production a much stronger competition. There will be a decoupling of oil prices on the gas price and a "real, domestic gas market, which is characterized by competition." "The globalization of the gas market is in full swing. Accelerate And the U.S. has." The next shale gas revolution he expected in countries like China and India.

Also, German Economics Minister Philipp Rösler (FDP) expects big impact from the exploitation of shale gas and oil in the United States. This will have a massive impact, especially for the competitiveness of industry. In the U.S., the prices were much lower than in Germany. "For the U.S., this is a good news, because it promotes the planned re-industrialization." Germany for the benefit of shale gas discoveries in the United States lies in the fact that it improves the competitive situation on the gas market. It is Germany's negotiations with countries like Russia would make it easier now.
With the help of shale gas and oil will the U.S. be predicted independent of energy imports.