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German Utility Warns Industry Fleeing Europe to US
The American Interest ^ | October 1, 2013 | Walter Russell Mead

Posted on 10/08/2013 12:03:27 PM PDT by JerseyanExile

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The CEO of Germany’s largest utilty, E.ON, has some stark warnings for European policymakers regarding the continent’s energy policy. While American industry enjoys outrageously cheap natural gas (thank you, shale), energy prices in Europe are rising. In today’s 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 ...


TOPICS: Business/Economy; Foreign Affairs; Germany; News/Current Events
KEYWORDS: energy; eu; europe; eussr; germany
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To: Toddsterpatriot
I was making fun of poor central_va.

His fix for all our problems is hiking tariffs.

Yes, as if the foreigners would pay them and not American consumers.

21 posted on 10/09/2013 2:46:52 PM PDT by BfloGuy (Workers and consumers are, of course, identical.)
[ Post Reply | Private Reply | To 19 | View Replies]


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