Europe may be the only continent in the world to depend on imported energy -- EU Council President.I say all that to post this graphic from Platts via Twitter:
That's almost a direct quote from European council president Herman Van Rompuy. ("Romper Room Rompuy" is one way to remember these renewable energy reformists.)
The Parliament is reporting (this page has already disappeared, but you can find the story easily by googling):
European council president Herman Van Rompuy has voiced concern about Europe's "energy dilemma".It should be noted that the Antarctic is a continent. So I doubt Europe will be the ONLY continent in the universe to depend on imported energy.
Opening the European business summit in Brussels on Wednesday, he said, "It's now becoming clear; eventually Europe may well be the only continent in the world to depend on imported energy.
"Already by 2035 our dependence on oil and gas imports will reach more than 80 per cent.
"This will have an impact on the competitiveness of our companies, and of our economy as a whole."
I did not read the story at the link in the Twitter graphic. I was simply amazed to see how much natural gas Germany imports from Russia. Germany imports more NG from Russia than the UK and France do combined.
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Meanwhile, GDP Forecast For 4Q17 Improves
Latest forecast: 3.4 percent — November 17, 2017
The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2017 is 3.4 percent on November 17, up from 3.2 percent on November 15.
The forecast of real GDP growth increased 0.3 percentage points to 3.5 percent after yesterday's industrial production release from the Federal Reserve Board of Governors. The forecast of real residential investment growth declined from 4.6 percent to 2.2 percent after this morning's new residential construction report from the U.S. Census Bureau.
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And Goldman Sachs?
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