Tuesday, November 28, 2006

European Energy Monopoly

Europe is consolidating.... energy that is. The European Union is trying to establish a national market for energy. The problem: monopolies. Because of the scarce energy resources, a few companies are trying to take over the entire market. They are taking over the market because they are the only companies who can afford large supplies for a cheaper cost. Also, most of the natural gas in Europe comes from a Russian monoply. The EU is trying to figure out a way to stop this progression. However, what can they really do?

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