Europe needs a new strategy for energy. The narrow interests of national capitals prevailed too long. EU leaders will be asked to support a plan for unity at the first EU energy summit on February 2011. These are the main points in European Union Energy Commissioner Guenther Oettinger’s programme unveiled in Brussels. According to his remarks the Twenty-seven have to invest 1 trillion euros  over the next decade in a shared EU energy network.

 The International Energy Agency forecasted global oil supplies would peak around 2035, when oil prices would exceed $200 a barrel, kicking off a scramble for alternative energy sources. “To have an efficient, competitive and low-carbon economy, we have to Europeanize our energy policy and focus on a few, but pressing, priorities,” Oettinger said. The idea of uniting Europe’s infrastructure is not new, nor is that of liberalizing the markets for the gas and electricity that flow through it.

 Article –  Deutsche Welle – November 2010.