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German Utility Warns Industry Fleeing Europe to US
The American Interest ^ | October 1, 2013 | Walter Russell Mead

Posted on 10/08/2013 12:03:27 PM PDT by JerseyanExile

some_text

The CEO of Germany’s largest utilty, E.ON, has some stark warnings for European policymakers regarding the continent’s energy policy. While American industry enjoys outrageously cheap natural gas (thank you, shale), energy prices in Europe are rising. In today’s 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 ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events
KEYWORDS: energy; eu; europe; eussr; germany

1 posted on 10/08/2013 12:03:27 PM PDT by JerseyanExile
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To: JerseyanExile

Electricity rates down 20% in the USA? I am still paying around 10 cents / kilowatt-hr. No decrease for me.


2 posted on 10/08/2013 12:05:19 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: JerseyanExile

“In today’s globalized world, businesses are willing and able to pick up and move across the Atlantic to take advantage of the shale boom...”

Apparently, they failed to figure on the current president’s overwhelming interest in imposing State Socialism on all Americans - citizens and businesses alike.


3 posted on 10/08/2013 12:06:40 PM PDT by Jack Hammer (American)
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To: JerseyanExile

“There is a competitive advantage for America that we cannot prevent, at least for some time,”

How long until the socialists at the U.N. demand that Americans have to pay the same rate as the Europeans because it’s just not fair!


4 posted on 10/08/2013 12:10:54 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: JerseyanExile

Yes, how horrid for the EU that the USA should ever have a semblance of getting back on its feet.


5 posted on 10/08/2013 12:11:59 PM PDT by Olog-hai
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To: Olog-hai

“... 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.”

Don’t worry, Europe. The Marxist will be certain to neutralize that advantage. It’s his thing, it’s what he does.


6 posted on 10/08/2013 12:25:42 PM PDT by BlueStateRightist
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To: JerseyanExile

Fortunately for the Europeans, we have a job killer law coming online, an anti business president, and at the lower levels, an entitled and not too bright labor pool.


7 posted on 10/08/2013 12:26:17 PM PDT by brownsfan (Behold, the power of government cheese.)
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To: central_va

Because you haven’t got the market power to negotiate the discounts.


8 posted on 10/08/2013 12:29:26 PM PDT by buwaya
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To: Mastador1

“How long until the socialists at the U.N. demand that Americans have to pay the same rate as the Europeans because it’s just not fair!”

An equalizing tax has been proposed by the UN numerous times. The UN will impose it, collect it and spend it. American business will, of course pay it. This was intended to keep global socialism afloat as until Obamacare everybody else’s products were priced to include their generous benefits. US goods prices were comparatively low.

Several treaties that allow our trading partners to impose tariffs on US products have been passed. I believe the latest small arms treaties is another of these. A murder committed in Belgium is done with a gun bought from Trader Joe’s on the Texas border. The US is taken to court and because the government allows gun buying, trading, etc. we lose. Per treaty our trading partners get to impose tariffs on our goods until we comply with the treaty. This is how the GATT works.


9 posted on 10/08/2013 12:35:12 PM PDT by Gen.Blather
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To: central_va

Average is $.12 kwh for the USA.

Denmark $.41
Germany $.35
Australia $.29
Japan $.26
India $.08
China $.08

India and China generate power primarily burning coal without carbon sequestration.


10 posted on 10/08/2013 12:45:22 PM PDT by Reaganez
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To: JerseyanExile

When we get a free market pres and a new tax system..WATCH OUT!!!


11 posted on 10/08/2013 12:52:53 PM PDT by rrrod (at home in Medellin Colombia)
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To: rrrod

“When we get a free market pres and a new tax system..WATCH OUT!!!”

I’m starting to despair of ever having either of those.


12 posted on 10/08/2013 12:56:40 PM PDT by SlowBoat407 (Anyone can fib. It takes an intellectual to tell a really big lie.)
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To: central_va
No decrease for me.

You should raise tariffs, that'll help.

13 posted on 10/08/2013 1:03:59 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: SlowBoat407
“When we get a free market pres and a new tax system..WATCH OUT!!!”

I’m starting to despair of ever having either of those.

Come now. Don't despair. I think Jeb Bush has a real good chance of winning in 2016.

/sarc

14 posted on 10/08/2013 1:08:11 PM PDT by nitzy (You can avoid reality but you can't avoid the consequences of avoiding reality.)
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To: JerseyanExile

Man, this must really chap Obama’s hide.


15 posted on 10/08/2013 1:39:15 PM PDT by pluvmantelo (We can't expect to get anywhere unless we resort to terrorism-Lenin)
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To: Toddsterpatriot

You should increase the income tax, loser.


16 posted on 10/08/2013 2:03:58 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: JerseyanExile
European 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.

Golly don't they read FR? They'd learn from some FReepers that businesses can't make it here -- government regulations, taxes, unions. Why don't the European businesses just move directly to Red China where it's safe. :)

17 posted on 10/08/2013 2:18:49 PM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: Toddsterpatriot
You should raise tariffs, that'll help.

Right.

Let's take all the advantages of our suddenly-cheaper energy and squander it by declaring a trade war. Really, you're not thinking clearly on this.

18 posted on 10/08/2013 4:43:36 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
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To: BfloGuy
I was making fun of poor central_va.

His fix for all our problems is hiking tariffs.

19 posted on 10/08/2013 4:52:08 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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To: central_va
"Electricity rates down 20% in the USA? I am still paying around 10 cents / kilowatt-hr. No decrease for me."

With the introduction of service fees, subsidies for "green energy" and tax increses, I'm paying more than I did five years ago, even if I use no electricity at all.
20 posted on 10/09/2013 2:20:58 AM PDT by clearcarbon
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To: Toddsterpatriot
I was making fun of poor central_va.

His fix for all our problems is hiking tariffs.

Yes, as if the foreigners would pay them and not American consumers.

21 posted on 10/09/2013 2:46:52 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
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