Should the Nabucco Pipeline Project be Shelved?

If the Europeans believe that Nabucco will achieve objectives that go beyond enabling some energy companies to make a profit by shipping additional gas to Europe, then they should give it stronger public support. The European Union can help to finance the pipeline and, together with the member states, provide political backing. But it has limited influence over many of the make-or-break issues for Nabucco—in particular whether and when gas will become available from places such as Turkmenistan or Iraq.