Skip to comments.German Utility Warns Industry Fleeing Europe to US
Posted on 10/08/2013 12:03:27 PM PDT by JerseyanExile
The CEO of Germanys largest utilty, E.ON, has some stark warnings for European policymakers regarding the continents energy policy. While American industry enjoys outrageously cheap natural gas (thank you, shale), energy prices in Europe are rising. In todays globalized world, businesses are willing and able to pick up and move across the Atlantic to take advantage of the shale boom, and that has many in Europe worried. The FT reports:
There is a competitive advantage for America that we cannot prevent, at least for some time, [Johannes Teyssen, chief executive of Eon] told the Financial Times. He said it was a dream for politicians to suggest otherwise. It will take years and long years of innovation before we can start to shrink it, he added
(Excerpt) Read more at blogs.the-american-interest.com ...
Electricity rates down 20% in the USA? I am still paying around 10 cents / kilowatt-hr. No decrease for me.
“In todays globalized world, businesses are willing and able to pick up and move across the Atlantic to take advantage of the shale boom...”
Apparently, they failed to figure on the current president’s overwhelming interest in imposing State Socialism on all Americans - citizens and businesses alike.
There is a competitive advantage for America that we cannot prevent, at least for some time,
How long until the socialists at the U.N. demand that Americans have to pay the same rate as the Europeans because it’s just not fair!
Yes, how horrid for the EU that the USA should ever have a semblance of getting back on its feet.
“... businesses are willing and able to pick up and move across the Atlantic to take advantage of the shale boom, and that has many in Europe worried.”
Don’t worry, Europe. The Marxist will be certain to neutralize that advantage. It’s his thing, it’s what he does.
Fortunately for the Europeans, we have a job killer law coming online, an anti business president, and at the lower levels, an entitled and not too bright labor pool.
Because you haven’t got the market power to negotiate the discounts.
“How long until the socialists at the U.N. demand that Americans have to pay the same rate as the Europeans because its just not fair!”
An equalizing tax has been proposed by the UN numerous times. The UN will impose it, collect it and spend it. American business will, of course pay it. This was intended to keep global socialism afloat as until Obamacare everybody else’s products were priced to include their generous benefits. US goods prices were comparatively low.
Several treaties that allow our trading partners to impose tariffs on US products have been passed. I believe the latest small arms treaties is another of these. A murder committed in Belgium is done with a gun bought from Trader Joe’s on the Texas border. The US is taken to court and because the government allows gun buying, trading, etc. we lose. Per treaty our trading partners get to impose tariffs on our goods until we comply with the treaty. This is how the GATT works.
Average is $.12 kwh for the USA.
India and China generate power primarily burning coal without carbon sequestration.
When we get a free market pres and a new tax system..WATCH OUT!!!
“When we get a free market pres and a new tax system..WATCH OUT!!!”
I’m starting to despair of ever having either of those.
You should raise tariffs, that'll help.
Im starting to despair of ever having either of those.
Come now. Don't despair. I think Jeb Bush has a real good chance of winning in 2016.
Man, this must really chap Obama’s hide.
You should increase the income tax, loser.
Golly don't they read FR? They'd learn from some FReepers that businesses can't make it here -- government regulations, taxes, unions. Why don't the European businesses just move directly to Red China where it's safe. :)
Let's take all the advantages of our suddenly-cheaper energy and squander it by declaring a trade war. Really, you're not thinking clearly on this.
His fix for all our problems is hiking tariffs.
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