Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-148"
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"en.20070215.20.4-148"2
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".
Higher oil prices, which have hit almost USD 80 per barrel, appear to be a structural phenomenon that is here to stay. Unlike the oil crises of the 1970s, which were caused by a breakdown in supplies, the current ‘crisis’ has arisen, on the one hand, from increased demand on the part of developing countries such as China and India, and of the biggest consumer in the world, the United States, and, on the other, from predictions that this ‘finite’ resource will be in short supply in the medium term.
Living with higher oil prices worsens recession and balance of payments difficulties, results in higher production costs, inflation and interest rates, penalises families on low incomes and causes wars over control of the oil supply, as in Iraq.
If technological solutions can contribute towards increasing energy efficiency, and towards finding new forms of fuel and energy, it is vital that we change the capitalist mode of production, which causes waste and inefficiency. The answer lies in reducing GDP energy intensity, in promoting high-quality public rail transport and in promoting production for local markets.
Whilst the rapporteur has put forward some welcome proposals, we cannot accept the creation of an internal market for energy and the liberalisation that goes with that."@en1
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