Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-536-000"
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"en.20121120.31.2-536-000"2
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"Mr President, America’s industrial competitiveness has been transformed by shale gas. America is now very close to self-sufficiency in energy and, incidentally, is likely to be the world’s largest oil producer by 2020. We were told that fossil fuels would become scarcer and more expensive. What we are finding is that they are becoming more abundant and are likely, in time, to become cheaper.
Yet we in Europe have turned our back on fossil fuels and gone instead for renewables, which are hopelessly expensive and unreliable. We are undermining our industrial competitiveness. We are driving energy-intensive businesses out of Europe entirely, and they are taking their jobs and investment with them. We are driving our pensioners into fuel poverty. We are mortgaging our children and bankrupting our grandchildren. Our energy policy is sheer lunacy and must be abandoned. European energy policy is yet another reason why my country would be better off out of the European Union."@en1
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