Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-280"
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"en.20080924.32.3-280"2
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"Mr President, ladies and gentlemen, after having listened to the various questions that practically everyone seems to be asking, allow me to make a few remarks of my own.
The first concerns the erratic way in which prices have been changing: at one point USD 10, then 140 a short time ago, now it is back to 100. In fact there seems to be a disconnection between the way the product itself is appreciating and the financial market that is based on that very same commodity. However, in the long term, it seems to me to be fairly clear that speculators will always be active as long as it is our perception that global energy needs – which continue to grow – are not based on a new energy mix that is less reliant on hydrocarbons.
Moreover, I note that in Jeddah at the end of June, where Commissioner Piebalgs and I attended a gathering of all the producer and consumer countries, the common message was absolutely clear. The expectations were unmistakable: the main consumer countries have to indicate their clear intentions to modify their energy mix, implement energy efficiency measures and become less reliant on hydrocarbons. The producers themselves are all for this. I think that this is what the forthcoming climate-energy package is all about and I believe that Europe’s 500 million consumers are saying: let us have more locally produced energy, more self-sufficient energy, and let us have a more direct link between producers and consumers.
That said, in the very short term it is obvious that there are various regulatory problems to be solved, including access to information on commercial stocks, and this does not just mean strategic stocks. The United States does it, Japan does it. The Commission has been asked to think about this. I believe that by the end of October or early November the Commission will be putting forward a proposal aimed at providing greater transparency in this area in the very short term. However, a proper strategy for energy self-sufficiency and a different energy mix still represent the most effective response in the medium and long term."@en1
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