Miranda Murray, Rachel More, and Sergio Goncalves of Reuters report on Europe’s energy crisis.
- Governments in Europe are racing to provide energy for consumers this winter.
- Spain is considering forcing energy-intensive companies to close during peak energy demand hours to conserve electricity.
- To prevent Europe’s energy crisis from happening domestically, American policymakers should unlock barriers to allow the private sector to thrive and embrace an “all of the above” energy strategy.
“The sharp drop supplies from Russia, which previously supplied about 40% of the European Union’s gas needs, has left governments scrambling to find alternative energy resources and has prompted fears of possible power cuts and a recession.”
Read the full article here.
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