Stories tagged with "sarkozy"

Why oil costs over $140 per barrel: the failure of leadership




Bush, Harper, Fukada, Brown, Merkel, Sarkozy and Berlusconi. The leaders of the G7 (+Russia) will meet this week in Japan. Their collective failure to reduce demand for oil, natural gas and coal within their respective economies is one of the main reasons energy prices are spiraling upwards out of control.

One big sigh... (Sarkozy on lowering gas taxes)

Sarkozy: "La demande en produits pétroliers est de plus en plus forte et l'offre n'augmente pas ou très peu"

Sarkozy: "Demand for oil is stronger and stronger and supply is increasing very little, if at all"

When I heard him say this on the radio this morning, and continue by adding that we had to be aware that prices would continue to remain high, I was pleasantly surprised. But that did not last.

[UPDATE, Chris Vernon] Here's Gordon Brown's contribution to the debate.