Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-10-25-Speech-1-112"
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"en.20041025.15.1-112"2
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"I would like to comment on the subject from the viewpoint of the countries with poor energy sources. The increase in the price of oil has resulted in general price rises in our country too. As a consequence, economic growth has slowed down, the budget situation has become uncertain and agricultural competitiveness has deteriorated because, unfortunately, the agriculture of countries with poor energy sources consumes a lot of energy, and employment and social achievements thus become jeopardised. Living costs increase and poverty deepens. It is a sad picture. The unreasonably high oil price endangers global economic growth, and I can only emphasise what Commissioner Almunia said, that the main reason for price increases, namely international speculation, must be dealt with.
A combined European effort is needed not only for this, but also for turning the dream of a welcoming Europe into a reality, despite the problems. In a collective effort, the institutions of the European Union must therefore help prevent crises brought about by price increases. They need to increase the proportion of renewable energy so that they become more independent of the oil market. Furthermore, they must help create an observation system that analyses the oil price movements and determines the strategic level of oil reserves. All this is planned for the future by László Kovács, Commissioner-designate, whose expertise has been called into question by some people in this House."@en1
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