Europe’s imminent winter energy crisis could have serious political consequences | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Europe’s imminent winter energy crisis could have serious political consequences

With temperatures falling and gas prices rising, much of Europe is drifting into a perfect storm. Supply shortages, inflation, green policies and ideological opposition to Russia are creating an energy crisis.
As a result, power outages, stunted economic recovery and political fallout could have ramifications across the continent. In the longer term, the failure of EU policymakers will undermine energy security, make its industries less competitive, and have a negative impact on Europe’s cohesion and role in the world.

Coming frost

Efforts by the US and EU to borrow and spend their way to recovery are failing. Growing debt and money printing are fueling inflation with a predictable impact on energy prices. America’s recent and drastic inflation of the money supply was unnecessarily reckless, given the country was already recovering from Covid-19 lockdowns.

The troubled green transition has also been a contributing factor, as the closure of nuclear power plants, an aversion to coal and the shortcomings of wind power have resulted in growing reliance on gas as a cheap and relatively clean source of energy.

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