AWARD-WINNING AUTHOR, NATIONALLY KNOWN ENERGY/ENVIRONMENTAL ATTORNEY (and second generation Ukrainian American) JOEL BURCAT OFFERS INSIGHT
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All eyes are on the unfolding Russian invasion of Ukraine. And while the world watches in horror as the war affects the lives of millions of Ukrainians stuck in harm’s way, it’s still uncertain what the full extent of the economic fallout will be. One thing is certain; access to Ukrainian natural gas and coal will mean big changes for U.S. energy companies and consumers.
Attorney Joel Burcat has a deep love for Ukraine and it’s people; his grandparents emigrated to America from Ukraine and passed through Ellis Island in the 1920’s. Burcat sees both trouble and opportunity ahead.
“One of Putin’s major objectives in trying to take back Ukraine is to capture their abundant natural gas and coal reserves, which is a huge energy supplier across both Eastern and Western Europe. If those industries get destabilized during this conflict, the U.S. will likely be called on to ship massive quantities of LNG (Liquefied Natural Gas) quickly to ports across Europe. International shipping is still a mess from COVID, and its still wintertime there with bitter cold, so millions of Europeans will need energy access right away. This could potentially lead to a huge demand for imports from North America, causing a surge here and a rush to deliver that may not be achievable.”
Ask Joel Burcat:
About Joel Burcat:
One of the country’s leading attorneys in the energy and environmental sector, Joel has edited the two pre-eminent books on environmental and oil and gas law in Pennsylvania, both of which have received international awards. He edited (along with Terry Bossert), seven editions of PENNSYLVANIA ENVIRONMENTAL LAW & PRACTICE. He also edited (along with Steven Saunders) the first two editions of THE LAW OF OIL AND GAS IN PENNSYLVANIA. Joel’s award-winning fiction novels center around energy and the environment as well; his latest novel STRANGE FIRE takes place amid the natural gas fracking industry in his native Pennsylvania and is available now at www.joelburcat.com, www.Amazon.com and wherever books are sold.