| ▲ | leonidasrup 6 hours ago | |
EU is loosing in energy competition. Energy prices are higher then in US, much higher than in China. It's highly dependent on fossil energy imports, it's the single biggest import item. https://www.seair.co.in/blog/imports-from-europe.aspx After Russia invaded Ukraine in 2022, Germany run to Qatar to secure future gas supplies. They just replaced Russian gas with LNG imports. https://www.dw.com/en/german-minister-heads-to-qatar-to-seek... Germany extended coal mining. https://www.politico.eu/article/germany-robert-habeck-coal-e.... | ||
| ▲ | anovikov 4 hours ago | parent [-] | |
But that's the whole point: make prices as high as possible politically to make transition faster. It will have to be done in any case. When it happens now is a lot better situation than 2022 one because back then, political threshold was quite low: it was possible to just surrender to Putin to "fix" things. Now, there's no one to surrender to, it can't work anymore, or not at the time scale necessary. So possible price level became a lot higher -> transition a lot faster. As for imports/exports: EU is a major net exporter and has always been, but it doesn't really help (or harm) things much. | ||