Artikel #5: Romania president says energy sufficiency possible

            Energy costs seem to be on the for front of every countries minds with tension in the middle east escalating with Iran threatening to shut down the Strait of Hormuz; shutting off the access to the Mediterranean Sea for Europe and other Continents. Romania is no different from any other country with concerns of the future of the energy sector these concerns are shadowed by concerns of the job forecast with unemployment rate in the 17-country Euro-zone at an all-time highest level since the Euro was established in 1999.

The possibility of the oil cuts have caused companies to try and prepare for the projected increase in oil costs. (Every sector of business is effected by oil increases, i.e. cost of shipping, cost of electricity, to the decrease in consumer spending). This is a big reason for an increase in unemployment rates to this level, like not previously seen.

Iran’s dare the world to react attitude has forced countries to look for other avenues for their oil addiction. With the possibility of becoming energy efficient Romania’s President believes they can be before the end of the decade. This is as a result of the discovering of large gas reserves offshore in the Black Sea. It is speculated that there could be in upwards of 100 billion cubic meters (131 billion cubic yards) that could be extracted. With their current oil consumption levels Romania could survive on this reserve for approximately 7 years.

It surprises me how so many countries seem out to find the answer to energy independence on their own and not trying to work together as one whole unit to find an alternative to oil. Maybe once everyone shares the information they know, then we could become independent as a species for energy. It seems that energy/the need for oil is an issue across any border, regardless of what hemisphere you reside on. 

This article can be read at:  http://www.kentucky.com/2012/03/05/2096142/romania-president-says-energy.html#storylink=rss