Spanish authorities just announced that there will be a ban on production from hydraulic fracturing in one of the most promising shale gas regions in the country. Spain joins France and Bulgaria on the roster of countries who have banned the use of this new drilling technology used to access unconventional sources. While the entire European continent struggles with a new energy identity, it provides an immense opportunity for U.S. companies.
Fracking is a hot political topic. Germany is moving away from nuclear, and total European energy demand is expected to climb -- which adds up to a region that will increase its energy imports by 75% by 2035, and America could be the one to fuel that need. In this video, Fool.com contributor Tyler Crowe discusses how several players in the American energy space could be able to take advantage of the European energy dilemma, and considers what it will take to make it happen.
Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter @TMFDuffy and @TylerCroweFool.
The Motley Fool recommends Dominion Resources and El Paso Pipeline Partners LP. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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