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I usually conclude my presentations with two slides that make people react:

  • one is a sweet one that says European energy policy can be summed up in 2 sentences: "what is our gas doing under your tundra" and "a jobs programme for City bankers"
  • one is a quick summary of the contradictions of current policies (why say you're worried about Russian gas when your current policies are all about building more gas-burining plants / if energy is strategic, why the longstanding attempts to break up the national champions that have proved they work / if cheap energy is a goal, why the refusal to act on the cost of capital, which is the single biggest driver?

And I make it clear that this is a fight between the British (and Americans) on one side and the French and Germans on the other:

"France has the cheapest electricity, the lowest carbon emissions, the most diversified gas supplies, why is European energy policy about breaking EDF and GDF?"

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Dec 30th, 2009 at 12:24:33 PM EST
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