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Winter Has Come: Europe’s Energy Mess

Andrew Stuttaford of National Review writes on Europe’s energy mess.

The C3 Take
  • By decommissioning its nuclear plants and embracing Russian natural gas, Germany has compromised its energy and national security.
  • Across the world, and especially in Europe, we are seeing energy shortages lead to higher utility costs for consumers and increased inflation.
  • Europe’s energy provides a crucial lesson to the United States. Rather than having the government pick energy winners and losers, we should allow markets to decide.

Angela Merkel has got out of Dodge just in time. Europe’s energy crunch has been building for some time, and now two key aspects of the former German chancellor’s dismal legacy — the Nord Stream 2 pipeline and her decision to reaccelerate the denuclearization of Germany’s energy supply — are likely to have the country caught in a vise.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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