Monday, May 27, 2013

Low US energy prices make Euro leaders see green

Compiled by Eric Schulzke, Deseret News, Friday, May 24 2013
As the U.S. economy lumbers through a slow recovery, Americans can take comfort that they are not Europeans.
EU leaders from 27 countries met in Brussels this week to discuss energy policy, and the chart that had everyone buzzing had three simple jagged lines. It showed EU electricity prices since 2005 had skyrocketed, while Japan's climbed moderately, and prices in the U.S. plunged sharply.  "Stuck in the doldrums, the European economy has lost nearly all momentum, with growth hard to come by and rising energy costs a real concern," Agence France Presse reported this week.
"We need to secure good value energy supplies ... (which) involves making most use of indigenous resources, such as shale," AFP quoted British Prime Minister David Cameron as saying. "We need to ensure that the old rules do not hold us back ... regulation must not get in the way."…To Read More…..

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