Prénom de l'expert

William C.

Nom de l'expert

RAMSAY

As an early task in its efforts to build a common external energy policy, the Commission has announced it will turn its attention to bringing the vast gas resources of Turkmenistan to European consumers. This will be an excellent place for the Commission to test its ability to speak with one voice for its polyglot constituency. First, their task may be facilitated by the fact that on this topic, no European voices are yet particularly audible.

OPEC has certainly gone out of its way to show how little relevance it has in today’s oil market. It has successfully imported all the political rhetoric and malaise of some of its most unstable members.

There is a gritty public debate going on in Europe about what threats should be considered in conducting stress tests on existing nuclear power plants or in establishing safety criteria for new build nuclear power. 

In polarized politics, the voter must take on faith the wisdom inherent in the principled political position. Who cannot be impressed by the nuclear catastrophe at Fukushima, especially after living through the fallout from Chernobyl? But is it reasonable to send the voter to the booth with only half the information? Does the German voter have any idea what it means to shut down its nuclear power in just ten years? Have German politicians made any effort to tell them?

Oil prices are becoming an increasingly worrisome factor in today’s economies. They have risen dramatically over the past 6 or 7 months and are now driving inflation in many economies and acting as a drag on nearly all. They are not at these levels because markets are fundamentally out of balance.

Like other countries in Europe, France has the potential to produce both oil and gas from shale. In the Paris Basin, where oil has been exploited for decades, oil shale quite similar to the Bakken play in North America has considerable promise due to new drilling and exploitation techniques. The potential for shale gas in the South east is less well known and needs to be assessed.