Energy independence – opportunity or risk

Abstract

The current geopolitical framework has forced European countries to redefine their energy relations and take rapid steps to become energy independent. In recent years, Europe has relied on Russian oil and gas, especially countries like Germany or Italy, but this must change and Europe must find a quick solution to achieve energy independence. Lack of investment in gas production will increase dependence on imports and affect the path to energy independence.The paper highlights the impact that costs have in the investment field. Technologies related to alternative sources of energy to the consumption of crude oil have been developed and are supported in the policies of the EUregarding the reduction of carbon emissions.If changes are not made in the way energy is produced, transported and consumed, humanity could face a major energy crisis.The aspects addressed in this paper are aimed at highlighting the sensitivity of oil companies to the mutations of the markets in which they operate, respectively raising interest in a preventive - anticipatory approach to future challenges.The type of research used in this paper is a descriptive one, with the aim of documenting and understanding the phenomena, and observation, document analysis and SWOT analysis were used as research methods.

Keywords

• investments
• energy
• renewable sources
• energetic efficiency