Andrew Freedman and Ben Geman write in Axios about Europe’s energy dependence on Russia.
- The developing crisis in Ukraine is showing the importance of energy security and markets, not governments, picking energy winners and losers.
- Green energy mandates in Europe have created a situation where Russia controls 40% of the continent’s natural gas supply, a fact that Russia is using to its geopolitical advantage in Ukraine.
- To avoid a similar situation in the United States, we should pursue policies that promote energy independence.
Read the full article here.