Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-09-28-Speech-3-247"
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"en.20050928.23.3-247"2
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substitute; Delegation for relations with the countries of Central America (2004-09-15--2007-03-13)3
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"Mr President, Russia is increasing its cooperation with OPEC. The oil producers’ cartel is becoming more powerful than ever. The hopes and actions relating to the development of renewable energy sources are not having an effect quickly enough. The price of oil remains high, while Europe grows increasingly dependent and crisis-prone.
While the wind gathers force on one continent, Europe plunges headlong into crisis. In the United States of America, wind and water brought a tenth of oil refining activity to a halt, but the price rose by 40%. There will be more crises in the future, as the demand for oil and the oil supply are so closely related. Companies’ profits ought to be used to develop sustainable alternative forms of energy. Demand will go down, therefore, and in its place research, biomass and alternatives.
We have not, however, tried to draft laws restricting the stock exchange game which raises prices, as my colleague, Mr Goebbels, has said, or lessening the social inequality that results from oil. Is the Presidency, which also heads the G8, prepared to hold a summit meeting between the major consumers and sellers as soon as possible, and before the conference of oil ministers next spring? We ought to stabilise oil prices.
Finally, Commissioner Piebalgs, what is the situation regarding the European Union-Russia Energy Dialogue? Is progress being made?"@en1
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