Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-21-Speech-3-166-000"
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"en.20121121.20.3-166-000"2
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"Madam President, cheaper energy is the chief motor of human economic progress. Every great advance in our living standards, from the Industrial Revolution onwards, has been accompanied by a fall in energy prices that allows production prices to fall and makes us more competitive. It allows us to get more out of less. The revolution which happened with oil was a huge improvement. It allowed one barrel to do the work of hundreds of men and all of us are benefiting from the consequent rise in our living standards.
Shale oil is a providential gift to this part of the world. Instead of having to carpet our hills with wind farms and dam our estuaries with turbines, here is a discreet way of getting at more power and ending our reliance on some unpleasant and autocratic regimes. It is crazy that we are thinking of applying the same regulatory model to shale gas extraction that the European Union has already unsuccessfully tried to apply to offshore oil extraction. Our customers, our people deserve better than this."@en1
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