Posted on 10/08/2013 12:03:27 PM PDT by JerseyanExile
The CEO of Germanys largest utilty, E.ON, has some stark warnings for European policymakers regarding the continents energy policy. While American industry enjoys outrageously cheap natural gas (thank you, shale), energy prices in Europe are rising. In todays globalized world, businesses are willing and able to pick up and move across the Atlantic to take advantage of the shale boom, and that has many in Europe worried. The FT reports:
There is a competitive advantage for America that we cannot prevent, at least for some time, [Johannes Teyssen, chief executive of Eon] told the Financial Times. He said it was a dream for politicians to suggest otherwise. It will take years and long years of innovation before we can start to shrink it, he added
(Excerpt) Read more at blogs.the-american-interest.com ...
His fix for all our problems is hiking tariffs.
Yes, as if the foreigners would pay them and not American consumers.
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