Many players backing U.S. shale gas are just naive and greedy investors who are getting their haircut as I write it. European countries, which counted on long term U.S. LNG imports and invested in required infrastructure, e.g. Poland, are in for a rude awakening.
Don't forget Russian gas. Eastern Europe is still heavily reliant on Russia for gas supplies, and Germany is heavily expanding its use (look at the Nord Stream pipelines). Nuclear power phase-out means more reliance on Russian gas and Russia extending its sphere of influence. As a European, I really don't like that scenario.
Many players backing U.S. shale gas are just naive and greedy investors who are getting their haircut as I write it. European countries, which counted on long term U.S. LNG imports and invested in required infrastructure, e.g. Poland, are in for a rude awakening.