European Union to ban Russian oil by end of year
Friday, May 6, 2022
The European Commission has completed its proposal to phase out Russian oil imports, banning oil imports and refined petroleum products by the end of the year, according to The Washington Post.
The proposal must be approved by all member states before going into effect. It reflects the ongoing negotiations over how far the European Union should go to penalize Russia for its war in Ukraine.
It will be a more gradual phaseout than the immediate embargo that some countries had supported — oil imports will be banned after six months and refined petroleum products will be banned by the end of the year.
The announcement didn’t mention Russian gas.
Learn more: The Washington Post > E.U. proposes ban on Russian oil imports by end of year
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.