The american energy model is not a model

www.huffingtonpost.it // january 2014

Americans are paying a third of the cost of gas in Europe, and half of that of electricity. The America of Bush and Obama is an enlightened energy model, to be imported to this side of the Atlantic. The numbers are not far from reality, but this conclusion is somewhat hasty. That Scaroni and his colleagues pester the European press with slogans is understandable, however the Ministers of Industry being their sounding board is not. This is a brief recent American history, : in the past decade the soaring prices of oil and gas has made it for the first time economically exploitable, with innovative technologies and known reserves of non-conventional hydrocarbons. Money, skills and infrastructure, combined with private ownership of the subsoil, triggered a typical American rush to deposit: within a few years, the seemingly irreversible decline of gas production has turned into a boom, shortly followed by an oil production boom too.

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