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The Worlds greatest economic blocks such as the United States, China, and the European Union are becoming fearful of the limited supply of oil that will be available in the future. As China and the United States chase after the oil fields like a cat chasing mice the European Union has decided to drastically reform their oil usage. The EU commission has banded together to develop what it calls “a new industrial revolution” that hopes to increase competition, preserve the climate, and strengthen the security of the European energy supply. The move is an attempt to reduce reliance on large energy companies and transform Europe into a new model of low energy consumption. At this point the EU leaders state that they have two choices. They can either break up the largest suppliers out of France and Germany or removing the operations of the energy suppliers from the companies that own them. In one instance the EU is creating more competition and in the other instance increasing government control. Many feel that by allowing a centralized authority to run the energy companies is likely to produce increase inefficiencies unless the government is will to spend money to keep moving toward harmful emissions. Since the government would like to reduce these emissions by half before 2050 they expect that another 1.18 trillion dollars will need to be invested to increase efficiency and keep up with demand. Murad Ali is a two-time book author, a human resource management professional, and a Ph.D. candidate. Please visit http://www.thenewbusinessworld.blogspot.com for more articles.
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Business, EU, European Union, Gas, Oil, Energy, Green, Emmissions.,
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