Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-033"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2007-02-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Increase in energy prices (debate)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20070215.4.4-033"2
lpv:hasSubsequent	lp_eu:2007-02-15-Speech-4-0342
lpv:speaker	lp:Giles Chichester2
lpv:spoken text	"Madam President, I would like to thank Mr dos Santos for his report. On behalf of the Committee on Industry, Research and Energy, I welcome a heightened interest in these issues, but let us please be cautious about trying to solve all issues in the energy field in this report which, as I understand it, is primarily about oil prices and oil volatility. The first point I would like to make relates to the precedent of the oil price shocks in the 1970s, when a substantial increase in real terms had a big effect on the economy, but the world financial markets coped with those changes and the recessionary effects were relatively short-lived. The increases today in proportion, in real terms, are not as great, and therefore should not give us such concern. What is new are the different suppliers in the marketplace, and in particular Russia and the Russian policy on this matter. I have great confidence in the markets. I think that they will cope with changes in demand in the foreseeable future, but that is a very short period of time and our concerns should be more about security of supply; about getting enough supply, whether it is within Europe or imported; about a depletion of reserves; and about the sustainability angle, with reference to climate change and our emissions. Those are very important and we must remember that we do have alternatives to oil, but we need to develop them to a marketable stage. I would be very cautious about trying to increase the proportion of oil stocks from 90 to 120 days. I do not think 30 days more will make any difference. This House voted strongly against a proposal from the Commission to that effect in the last Parliament. I wonder whether our main concern is really fear about price changes."@en1
lpv:spokenAs	substitute; IMCO (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the United States (2004-09-15--2007-03-13)3 member; ITRE (2007-01-31--2009-07-13)3 member_of_the_bureau; EPP-ED (2004-08-31--2009-07-13)3 unknown; Conservative and Unionist Party (2004-07-20--2009-07-13)3 substitute; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2007-02-09--2007-06-19)3
lpv:unclassifiedMetadata	"Giles Chichester (PPE-DE ),"1 "draftsman of the opinion of the Committee on Industry, Research and Energy"1

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