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Catching up: Politics, European Energy Conservation and Oil Markets
ARC ENERGY IDEAS
Is There a Crisis in the Energy Market?
In Italy, they're talking about needing to cut the consumption of energy by about 20%. And so they're saying to people, you need to turn down your heat by one degree C and actually totally off for one hour each day. There's all sorts of things being proposed in different parts of Europe. But I'll just say that as a casual tourist, you don't really actually feel like there's any sort of crisis in Western Europe - at least not until this moment.
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