A freer energy market can power Europe’s security

By Giovanni Caccavello

Recent EC proposals fail to explain how alternative energy technologies such as fracking, a deeper energy trade relationship with Europe’s biggest trading partner – the United States – and a freer internal energy market can boost the Union’s energy security strategy. Fracking would bring lower energy prices; it can boost the European economy by creating new investment opportunities, economic growth and jobs; and it would help to diversify Europe’s energy sources. Recent economic and geo-political trends suggest Europe should increase its energy trading ties with the United States, who, in 2015, lifted their oil export ban.

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