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My comment was meant as opposed to relying on fossil fuels imported from other nations; Europe as a whole imports 87% of it's oil [0], most of which comes from
by fyfy18 7y ago
My comment was meant as opposed to relying on fossil fuels imported from other nations; Europe as a whole imports 87% of it's oil [0], most of which comes from Russia [1]. If the same capital would be spent on renewable domestic energy generation, it would lead to a more stable economy in the long term, as well the benefits of local jobs and not funding countries with questionable regimes (where a lot of oil comes from).
It's a completely different story for the US. As I understand, domestic reserves are expected to last until the mid 2030s, but that assumes no new reserves will be discovered. Unfortunately as a lot of our technology comes from the US, it means the world as a whole is pretty dependent on the US energy economy and their political decisions regarding sustainability.
[0] https://ec.europa.eu/eurostat/statistics-explained/index.php?oldid=315177 https://ec.europa.eu/eurostat/statistics-explained/index.php...
[1] https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Crude_oil_imports_by_country_of_origin,_EU-28,_2000-2017_(million_tonnes)_F.png https://ec.europa.eu/eurostat/statistics-explained/index.php...
- Mirioron 7y ago>My comment was meant as opposed to relying on fossil fuels imported from other nations; Europe as a whole imports 87% of it's oil [0], most of which comes from Russia [1]. I misunderstood you then, because I wholeheartedly agree with this. This is also workable politically because of the energy independence plans of the EU. The discussions around Nord Stream 2 are an example of this.