US poised to become world’s leading liquid petroleum producer – FT.com

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

Not surprisingly, this amazing story is currently No.1 in the FT’s most-read list.

The legislative triangle of the European Union

The legislative triangle of the European Union (Photo credit: Wikipedia)

via US poised to become world’s leading liquid petroleum producer – FT.com.

As I read this story, my mind switched to the energy crisis in Europe. Because of green influence dominating the EU and in major countries, like Germany and France, fracking has been rejected. Also there is far from a consensus on nuclear energy. Meanwhile, with no effective energy strategy from the European Commission, the outgoing European Energy Commissioner is desperately trying to broker a deal between Russia and Ukraine to get Russian gas flowing to Europe this winter.

Even in the UK, where fracking has been accepted by the government, it is deeply unpopular.

Meanwhile, I currently live in Cyprus. Although Israel and Cyprus have large offshore gas reserves, there is currently no plan to get this gas to Europe. Gas from the East Mediterranean would counter Russia’s current monopoly situation but that seems to be outside the remit of the European Commission.

I worry deeply that Europe has lost the plot on energy policy. Rather than creating an effective energy strategy, which assures cost effective supply and a balanced approached to the the environment, the European Commission is almost exclusively focused on green issues.

Let me ask an open question:

Is Germany’s government responsible for Europe’s absence of an effective energy strategy?

Thoughts?

Cyprus will be able to supply natural gas to Europe not earlier than 2022 // CYPRUS.KP.RU Komsomolskaya Pravda in Cyprus

European flag outside the Commission

European flag outside the Commission (Photo credit: Wikipedia)

Pravda, Russia’s leading newspaper challenges the effectiveness of the European Commission’s energy strategy. Although Cyprus has substantial offshore natural gas, it argues that it will not reach Europe until earliest 2022. This short article is worth a read.

via Cyprus will be able to supply natural gas to Europe not earlier than 2022 // CYPRUS.KP.RU Komsomolskaya Pravda in Cyprus.

As an expert in strategic change, I am increasingly alarmed at the absence of robust, risk-assessed and integrated strategy at the European Commission (EC). Without  effective strategy, EC policy decisions often waste vast amounts of funds on short-term political decisions.

In my view, the EC Energy Directorate is long on green issues and compliance but very short on policy and strategy.

Any thoughts on priorities for the new EC, Energy Commissioner, Miguel Arias Canete?