By arguing that the EU has bargaining power against Russia in the energy sphere requires that two conditions are met:
1. that the Russians can't sell their energy elsewhere - which is false because they're busy building pipelines going East to Asian markets;
2. that the EU can actually do without Russian energy supplies - which by my books isn't reality. Maybe you can contribute some data to the discussion? Cheers.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
Of course, that may just the environmentalist in me. But also, if Europe were to become a world specialist in all things energy consumption reducing, could it fail to be repaid tenfold when all countries will start to be desperate for energy savings?
Of course, it would require policy choices of a rather different nature from what we have seen of late. Surely the fact that Schröder had a nice rich seat waiting for him at Gazprom is no sign that all was being done to relieve Europe of the dependency... Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
if Europe were to become a world specialist in all things energy consumption reducing, could it fail to be repaid tenfold when all countries will start to be desperate for energy savings?
now that's an interesting idea for would-be entrepreneurs around here :)
