Saturday, February 28, 2004

On the topic of global oil dependence, the Frankfurter Allgemeine Zeitung has an article discussing how the the North Sea reserves are expiring and this will force Europe to depend upon the Middle East for a majority of its oil by 2030. I think the subtext here is that the Europeans are concerned that America is taking military action to secure sources of oil and the Europeans may not have access to this oil. The article also discusses the conflict of interest between Europe and Russia in reference to natural gas supplies.

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