Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-262"
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"en.20090311.30.3-262"2
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Oil demand management must not be limited to the EU alone. In percentage terms, the amount of global oil consumed by the EU will gradually decrease in the coming years. The huge growth in demand beyond the EU’s borders alone will determine this. Therefore, from the point of view of the security of energy supply in the EU, it will be very important to reduce the growth in demand at global level as well, but without endangering the development goals of third countries or the EU itself. The promotion of market economy price setting mechanisms in third countries is also very important – for example, after eliminating state fuel subsidies.
All of these measures require investment. Investment is only possible when there is sufficient capital and there is a hope of some profit. Therefore, it is essential to overcome the current financial crisis, which may turn into an economic crisis, as quickly as possible. In the last decade, there has been an increase in the number of difficulties surrounding the future security of oil supply in the EU. However, if we succeed in encouraging political will and international coordination, cooperation and the creation of innovations, they may be overcome, purposefully having an impact on both supply and demand."@en1
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