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With the exception of France, the European continent relies heavily on power generated from natural gas and coal, much of which must be imported from outside the European Union. Specifically, Russian supplies accounted for one-third of the EU’s natural gas imports in 2007.

Energy dependence on Russia is a bad long-term solution considering Moscow’s tendency to practice “diplomacy by pipeline.” To reduce foreign energy dependence, countries across Europe are looking for alternatives to meet future energy needs, and the analysts at Casey Energy Opportunities are investigating this situation to uncover the best investment opportunities.

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