No thanks to Obama and his crowd

 

No jobs for burly men!

No jobs for burly men!

European green energy policies putting its manufacturers at a severe price disadvantage to America.

In findings likely to inflame claims EU climate change policies are damaging the bloc’s manufacturers, the International Energy Agency said Europe will lose a third of its global market share of energy-intensive exports over the next two decades because energy prices will stay stubbornly higher than those in the US. …

Fatih Birol, the IEA’s chief economist, said environmental policies alone had not pushed up energy costs but the price gap between the EU and the US was going to last much longer than some expected. …

“Europe didn’t realise the seriousness of this competitive issue,” he said, warning the situation raises concern for the almost 30m peopleworking in heavy industries such as iron, steel and petrochemicals across the continent.

European gas import prices are currently around three times higher than in the US while industrial electricity prices are about twice as high, creating an energy price gap Dr Birol said would last “at least 20 years”.

3 Comments

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3 responses to “No thanks to Obama and his crowd

  1. Libertarian Advocate

    “Europe didn’t realise the seriousness of this competitive issue,”

    What’s the saying? No shit Sherlock?

  2. Anonymous

    Let them keep fracking out… Natural gas in eastern bloc ~$9-12/MCF, similar in Japan/China. US exports of LNG is a good thing.