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Unformatted text preview: nuclear safety correspondent for the bellona foundation http://barentsobserver.com/en/energy/gazprom-fuels-russian-economy] The state-own gas giant Gazprom’s share of the European gas market increased to 27 percent from 24 percent in 2010, the company reports on Friday. This is also the main reason for the boost in earnings last year. Profit inside Russia itself had only a marginal growth by 16 percent. Gazprom explains this with primarily the increase in the average domestic price for gas established by the Federal Tariffs Service. Net sales of crude oil and gas condensate increased by 20 percent year-onyear, mainly due to increased oil prices. On Thursday, Russia’s Economic Development Ministry presented the forecast for the country’s economical growth in the years to come. A growth of 3,4 percent this year will expand to 4,7 percent growth in 2015, according to the positive outlook. The big question debated was whether the new government to be formed after Putin takes over the presidency in May will choose to proceed with developing innovations or continue to rely on income from Russia’s petroleum sector, the Moscow Times reports. In a conservative scenario, Russia will continue to rely heavily on oil and gas in its economic development. 154 Oil DDW 2012 1 155 Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 156 Oil DDW 2012 1 ***Russia Impacts*** 157 Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Turn – Environment Rollback 158 Oil DDW 2012 1 Turn – Cheap fuel prices gut all domestic environment programs rolling back the plan Plumer 1/4/12 [Brad Plumer Energy reporter for the Washington Post, former editor at the New Republichttp://www.washingtonpost.com/blogs/ezra-klein/post/should-the-united-statesexport-its-cheap-natural-gas-maybe-not/2012/01/04/gIQAjqI5aP_blog.html] Last year, fuel was America’s #1 export. But not everyone’s so keen on watching the United States ship out all that energy to the rest of the world. Case in point: On Wednesday, Rep. Edward Markey (D-Mass.) fired off a letter to Energy Secretary Steven Chu asking him whether it was really such a swell idea for the United States to be exporting its newly abundant natural gas resources all over the globe. Some experts, after all, have raised concerns that such exports could have unexpected downsides. On the surface, there’s an alluring logic in exporting natural gas. The United States has been flooded with cheap gas thanks to its newly exploitable (and potentially large) shale resources. And gas prices are higher in many other countries. So why not ramp up exports, turn a profit, and reap the gains from trade? That explains why various producers are asking the Energy Department to green-light new export facilities, such as Cheniere Energy’s just-okayed Sabine Pass Liquefaction terminal in Cameron Parish, La., which will ship out two billion cubic feet of gas per day by 2015. Seven more projects are awaiting approval. In his letter, however, Markey notes that such plans could lead to unintended consequences. For starters, natural gas isn’t as fungible as oil — par...
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This note was uploaded on 01/30/2013 for the course ECON 101 taught by Professor Burke during the Spring '13 term at Southern Arkansas University.

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