Some demand for energy in Europe could be ‘lost forever’ after a terrible year for oil and gas, exec says

Welcome to the party – a bit late but whatever. Europe’s industries are going into a new paradigm and as the money that can be thrown at them will become scarcer as well, they can either only cordon off the single market to raise prices and thus make consumers pay through the nose, or they allow the national economies simmer on the brink of something bad for decades. A bit like Japan without the Japanese ability to take strain. In any case, no scenario here makes Europe a large-scale growing energy consumer in the future. Welcome to the doldrums. If you opened your eyes, you would have seen that for years already. 

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