December 2, 2007
Iñigo Sabater from the Commission’s DG Energy and Transport answers a question by independent energy journalist and blogger Willy De Backer:
I was shocked, when I read the SET plan, to see how badly we are doing as compared to Japan and the US. But (…) the US and Japan have also had cheap oil at their disposal. Why are they doing better?
They are investing more, but they are not investing so much more. (…) What we say is that they have a programme – for instance in the case of Japan, it’s in the order of €3 billion , in the case of the US, it’s more or less the same – which is programmed once, and we have 27. (…)
Listen to more in the video:
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