Aramco CEO: Europe lost its competitive edge
Bloomberg Television·2025-11-19 22:05
We've seen for countries that hastily moved into the transition without taking into consideration affordability and I'm talking about Europe in general. We are seeing today de-industrialization. We are seeing they lost their competitive edge.It's eroding over time and we seeing higher cost to consumers. If you compare the cost to consumers in the US compared to Europe, it's four times there compared to the US. That's a competitive end because you need energy.Energy gets into everything. Your cost cost of li ...