Watching the World: Sticks or carrots?

12/03/2001
The European Union is the world's largest energy importer and the world's second largest energy consumer. It is importing more and more energy from beyond its borders.The figure today is around 50%, but it could rise to 70% in 20 years. European energy consumption is rising at a rate of around 2%/year.This is the reason that the supply of oil and gas in Europe has moved to the forefront of political debate. The oil and gas industry is finding itself more accepted by politicians and increasingly its voice is being heard.Loyola de Palacio, the European Commission vice-president for transport and energy, has emerged as one of the better-known faces in what has been a faceless organiz...
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