Austrian Steelmaker’s Texas Plant Highlights Value of U.S. Fracking and Property Rights

By David Biederman

Wolfgang Eder, CEO of Austria’s largest steelmaker, Voestalpine, has called for more fracking in Europe, saying, “Each drill hole that we can open in Europe will allow us to decrease our dependence (on natural gas from Russia).”

Partly to take advantage of less expensive energy available in the United States, Voestalpine has announced plans to invest $76…