The EU is addicted to American economic punishment |
An American think-tank has some bad news for Europe. Just as the continent tries to wriggle free from an abusive relationship with Washington, it turns out they’ve never been more dependent on their tormentor.
“EU risks new energy dependence as U.S. could supply 80% of its LNG imports by 2030,” blared the latest report from the Institute for Energy Economics and Financial Analysis, pegging current dependence at 57%.
That was actually the EU’s plan all along. Apparently, it was very important to the Eurocrats that this dependence on American energy be locked in before Putin makes his grand entrance in 2030, as they keep telling us. Because by then, the charade will likely have served its purpose in washing taxpayer cash into the GDP-boosting defense sector. The French are even hiring young people for paid military training – as bakers and cooks. Will they be pelting Putin with baguettes?
They sure didn’t seem to predict the need to also fire up the ovens for some croissants to ward off Trump. Or that Trump could shut down the ovens by cutting off the gas.
It was only last summer that Ursula von der Leyen – unelected European Commission president – announced a deal with Trump. He would drop tariffs on European imports in exchange for locking the EU into even greater reliance on American gas. “We have reached a deal on tariffs and trade with the US. Today’s deal creates certainty in uncertain times. It delivers stability and predictability, for citizens and businesses on both sides of the Atlantic,” she said. “Purchases of US energy products will diversify our sources of supply and contribute to Europe’s energy security. We will replace Russian gas and oil with significant purchases of US LNG, oil, and nuclear fuels.”
Fast forward to today, and the EU is trying to calculate the likelihood of an American invasion after receiving notes from Trump, who apparently decided that because the Oslo-based Nobel Committee (which........