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A double cartel holds EU hostage on energy

International Herald Tribune - For weeks now, people across Europe have been trying to cope with the soaring price of oil. What is less talked about but just as painful is the increase in the price of gas. Governments, while they say it is time to diversify energy sources to reduce dependence on oil, don’t speak about the direct link between oil and gas. Here in Europe and in most parts of Asia their prices are inextricably tied together. Consumers and industry have no chance of breaking away from high fossil fuel prices.

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