Wednesday, February 7- European Union

Wednesday, February 7

The Union's dependance on Russia for energy sources is becoming more and more obvious to the world as EU leaders desperately try to convince Russian leaders to sign an energy pact called the Energy Charter. The article is entitled "Russia Digs in Heels on Energy Charter," and states that this "key energy pact would open up competition and foreign access to its oil and gas fields." The leaders from both sides have a good argument, but if I were leaders from Russia I would not sign the pact myself. The article states that the only thing Russia would receive in return for sharing their oil and gas fields would be things relating to investments, and "would allow competition between foreign and domestic energy investors."
The Union currently receives their energy sources from Russia, and the pact is running out this year. The article also states that leaders from the Union are growing confident that the Russian leaders will sign, but I don't know if this will happen, it doesn't sound like they are offering enough to convince Russia to sign. If the EU is that desperate in their dependence on Russia for energy, they should offer something more in retun, especially if they want to keep living in the modern world with heat, cars, etc.

http://euobserver.com/9/23426