EU Energy Crisis

The European Union Energy Policy

Energy dependence appears to be the looming concern for the European Union. Last year alone the import figures required to meet their energy needs were at 54% and this number is expected to rise marked to perhaps as much as70% by 2030. The unfortunate cause of this dilemma is that as a whole the EU possesses a minuscule amount of worldwide oil reserves - only 0.5%; while their natural gas reserves are equally inconsequential at a mere 2.4%

Limited access to natural energy resources automatically results in increased dependence on global markets. Various other data support this premise.

Research from the European Commission Energy

confirms that 42% of natural gas and 29.55% of oil hail from Russia; which means it is the lone largest supplier of energy resources to the European Union; which makes EU policy makers uneasy at the prospect of...
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