 | POLL: Credit crunch, new IEA production high (but what about the net?), lower world exports? Whither Oil Prices? | The Oil Drum | Food Price Inflation |  |
209 comments on DrumBeat: December 17, 2007
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209 comments on DrumBeat: December 17, 2007
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"Why would the severity be any worse than in the USA?"
Because the nearest swing supplier is one the moons of Saturn..
Of the 27 European nations 25 import most (more than 90%) of their oil and gas.
There is a good reason that the French have so much nuclear, they have almost no fossil fuels!
We are very vunerable even in the UK where our North sea resources are disappearing rapidly.