Europe Must Turn to China for Energy Security

The Libyan debacle has been a major wakeup call for those thinking that Europe has a grip on its neighborhood or that the European Union might one day become a serious geopolitical actor. The point is now so moot, it’s barely worth making. What’s less obvious is that the fallout from the Libyan intervention will have a serious impact on the upstream energy landscape around Europe. That’s not just because the EU has lost around 1 million barrels per day of sweet oil production and around 16 percent of its gas supplies for the “EU 15,” but also because the […]

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