EU energy commissioner, Kadri Simson, remarks
- More to do with dependence on imported fossil fuels and their volatile prices
- Gas storage is above 73% across Europe
- That is lower than the 10-year average but adequate to cover winter demand
It's all fun and games until everyone starts staring blankly at each other in the conference room. Adam very aptly summed up the predicament here yesterday:
Everyone wants to live in a world where we have unlimited, cheap and clean energy but the path there isn't in cutting off production, it's in investing in technology.
As much as Simson says that they have enough inventories to meet the winter demand, I'm not so sure. A more frigid winter will be the worst-case scenario and I think lawmakers at this point are just crossing their fingers and hoping that isn't going to happen.
