Last Friday in my FT column I wrote about Eni CEO Paolo Scaroni’s backing of the South Stream pipeline project with Gazprom as being detrimental to European energy security, as it decreased diversity of suppliers and competition by damaging the Nabucco project. Now, in the same pages of that publication, Mr. Scaroni is quoted as warning that Europe has been “sleepwalking” into a “staggering” dependence on natural gas. Listening to the Eni chief talk about energy dependency is like getting parenting advice from Britney Spears – you’d be crazy to take it seriously.