Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-11-15-Speech-3-279"
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"en.20001115.12.3-279"2
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".
Mr President, at the weekend the OPEC ministers met in Vienna and came to the conclusion that there should be no increase in production quotas. Over the last 18 months we have seen the price of crude oil rise from USD 9.75 to USD 33 a barrel. As I see it, we are sticking our heads in the sand if we refuse to recognise that we are in the middle of the third oil crisis since the Second World War. The first oil crisis in 1973 was a political one, as was the second oil crisis in 1979, but this is a lasting crisis, because all the indications are that reserves are by no means as large as we have been led to believe.
This is also what individual studies indicate. I could even quote Saudi Arabia's former oil minister, Sheikh Yamani, who recently said on Austrian television that the Oil Age is coming to an end, not perhaps because of a shortage of oil, no more than the Stone Age came to an end for lack of stones! And we cannot replace oil as a primary energy source by other primary energy sources, because they too would then soon be in short supply.
Oil cannot be replaced by coal, natural gas or uranium. So this directive is unintentionally topical right now. However, it also provides us with an historical opportunity to give renewable energy sources, which constantly regenerate themselves – that is wind, hydro, solar and biomass – their proper place in future energy supply. This is for a variety of reasons – environmental reasons, social reasons, because they create jobs, for peace policy reasons, because this energy source has sparked off wars throughout the century, and, lastly, because they also represent a great economic opportunity for the industrialised nations."@en1
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