USA IS A HEAD IN THE ENERGY GAME!!

One of the biggest themes at Davos this year — and one that was not there last year — was "competitiveness." You encountered it whether in the public sessions in the Congress Center, or in the private sessions, and at the various dinners in the hotels strung along the Davos Platz.

This particular rivalry pits the United States head-on against Europe. And, no question — at Davos this year, the United States was judged the clear winner, much to the dispirit of the Europeans trudging back along the icy, snowy streets of this mountain village.

This concern, however, was hardly limited to the annual conclave in the Swiss Alps. It reverberated with simultaneous developments in both Brussels and Berlin that point to the beginning of a major, if difficult, rethink of Europe's energy policies.

A rig hand removes drill pipe from a natural gas well owned by EQT Corp. at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pennsylvania.