quote: What most people don't realize is the price of energy is the single most important factor determining overall standard of living.
quote: European economic growth is microscopic, compared to nations like China, Russia, Qatar, Dubai
quote: The price Europe pays for oil, coal, natural gas, and electricity generated by nuclear and hydroelectric are on par with the rest of the world.
quote: Furthermore, Europe's standard of living is high today because of centuries of investment in infrastructure, education, and other areas. Comparing a nation like France to one that, 100 years ago had almost no dams, universities, factories, and almost no roads at all is a bit misleading. That historical investment-- made long ago-- is still paying dividends.
quote: I think that was probably my point, that history and the general state of a countries social, political, and economic systems mean far more than the price of energy.
quote: countries social, political, and economic systems mean far more than the price of energy.
quote: Still, that's like saying the economic growth of a company like Microsoft isn't as large as the economic growth of a startup company with 10 employees. It's a lot easier for the new guy to expand.