But-but-but...it must be Europes fault to be in this situation...
We live in interesting times, do we?
EU was preparing for one year in advance. Because Russia will loose the war, by next year, you know?
Then everything will be normal, business as usual.
Iran was preparing 47 year for this situation.
USA had a grip on gulf for decades, tackling Iran problem.
It will be interesting to see policy changing in forthcoming future, in the EU
While USA vision as described in national strategy as of 2025 is clear, EU vision or strategy is not clear. Defense and energy partners, or policy?
Fuel rationing is not exactly a booster of constituency votes.
And there is 6 months to go before major newspapers remember to start reporting gas prices or rationing for home heating.
Fuel and gas producers of the world - now take your pick as EU leader, or future EU leader:
The Big Picture
- Top 3 (USA, Saudi Arabia, Russia) account for a huge portion of global supply
- Middle East = largest reserves and lowest-cost production
- USA = most technologically flexible producer (shale)
- Offshore production (Brazil, Norway, UAE) is increasingly important