The EU has decided to not pass any laws regulating hydraulic fracturing, a natural gas extraction technique commonly known as fracking. It will leave this work for individual nations instead.
In Spain, Minister José Manuel Soria will decide if fracking presents a threat or an opportunity for Spain. The United States, for example, has embraced the new technology to create jobs and cheap energy compared to Europe. In Spain, fracking techniques are in their infancy despite loud protest from environmental groups. The government, which supports the new technique, needs to make swift regulatory decisions as the nation starts to embrace a technology that could fuel our economy and lower our energy costs.
