'Texas of Italy' Shows Strong Energy Potential
NEW YORK (TheStreet) -- About 5685 miles east of Houston, land of ConocoPhillips
For investors, the European energy sector offers publicly traded companies ranging from prominent blue chips such as Holland's Royal Dutch Shell
Oil and natural gas companies pretty much move together based on the price of crude. There are not opportunities to profit from arbitraging an oil company operating around Paris, Texas, as opposed to one based in Paris, France, such as Total SA
One example is France's refusal to allow fracking in the country.
That is a loss to the government, its citizens, and investors as France, along with Poland, has the second largest supply of recoverable natural gas in Europe, according to the International Energy Agency (headquartered in Paris). The French Government could certainly use the tax revenues. More jobs are needed in the country. With unrest in the Middle East and other oil producing areas, the global investment community needs more politically stable energy operations to finance in Europe to assure a secure supply.