The Ukraine crisis has sparked interest in natural gas production on a continent where many oppose new drilling. Hydraulic fracturing – or ‘fracking’ – might help Europeans wean off Russian supplies, but the technology remains publicly unpopular and plays a small role in Europe’s vision of energy security.
New US and EU sanctions on Russia over Ukraine target some of the country’s most important sectors, including energy. But instead of cutting off Russia’s current oil and gas output, the new sanctions target energy technology critical to its future.
The new round of US and EU sanctions against Russia are the toughest yet, and they might well hit their mark: Russia's business oligarchs. But that still might not be enough to change President Vladimir Putin's behavior.