European Union Demands More and Cheaper Oil

Oil demand has been estimated by some to increase by about 50% in the next 20 years.
European ministers (not religious) have asked for a half a million barrel a day increase in oil production, and that oil companies spend more of their huge profits on exploration and alternative energy sources.
One oil company made 1.5 million Euros an HOUR in the first 6 months of the year!!
After being threatened with heavier taxation of their profits by France, 2 companies agreed to lowers prices by about 3 euro cents per liter. That's about 12 cents a gallon for those in the U.S. if your counting.

There was also an appeal to the United States and China to use oil more efficiently. Germany's deputy finance minister said, "Attention should be drawn to the fact that the biggest sinners on energy efficiency -- the United States and also China now -- need to address this issue with greater intensity.