European Energy Woes
... does not undermine its energy security, but for a region which will dependent on imports for 80% (some sources even indicate 88-90%) of its energy needs by 2025-2030, it will naturally be more susceptible to risks. Any setbacks, or sudden events, ala Fukushima or Arab Spring will have serious repercussions. If something happens, Europeans will not be able to sustain themselves via own reserves or domestic production, due to this heavy import dependence. In reality, we are talking about a market which ...
14.06.2013
