Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-10-25-Speech-2-215"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20051025.21.2-215"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
".
I have taken over from my good friend, Commissioner Piebalgs. As you are aware, he is unable to be here today because he has to sign a very important agreement.
The Commission is very concerned about the sharp escalation in oil prices over the last two years. While the impact on our economy of this increase in oil prices is currently less severe than in the 1970s, it is nonetheless having serious repercussions, particularly for our most vulnerable citizens and oil-intensive sectors.
The Commission is actively responding to the challenge of high and volatile oil prices and is following a five-point plan in this respect. The main elements are: to manage our demand for energy by measures to increase energy efficiency and energy savings; to increase the use of alternative forms of energy; to improve the transparency and predictability of oil markets; to increase the supply of oil and gas by promoting an increase of investment in production and refining capacities and, finally, effectively to manage energy disruption.
In addition, the Commission is actively increasing cooperation with the European Union’s main external oil suppliers through initiatives such as the European Union-Russia Energy Dialogue and the European Union- Organisation of Petroleum Exporting Countries (OPEC) dialogue.
The Commission is also planning a proposal to implement an EU-coordinated system for security oil stocks. The Commission does not have the competence to regulate the price of crude oil or petroleum products, particularly given that the oil market is a global one. Nevertheless, the Commission intends to continue to work in close collaboration with all the parties concerned to increase the level of transparency in the market in order to reduce speculation."@en1
|
| lpv:unclassifiedMetadata |
Named graphs describing this resource:
The resource appears as object in 2 triples