It’s true that total consumption of energy in Europe down due to deindustrialization and growing recession because manufacturing in Europe is no longer competitive. However, the breakdown of energy that Europe imports hasn’t fundamentally changed. It’s not like new sources of energy have magically come into existence in the past two years.
Not sure if I could fully agree with the root cause analysis, but it sounds about right for Europe as a whole. Things are likely still mostly as their were, with additional steps and reduced demand
Why is that so? Have the sanctions run out or do we get russian gas from third parties?
Because it’s clickbait framing. Total imports from Russia are at their lowest point ever. The USA just dropped below Russia in the rankings.
In reality, Europe just imports Russian energy through third parties at a markup. All of a sudden countries like India are importing a lot more energy from Russia, and Europe imports a bunch more energy from India while Europeans pretend they’re not dependent on Russian energy. Anybody with a functioning brain can see through this circus. https://timesofindia.indiatimes.com/world/europe/europe-bought-russian-oil-via-india-at-record-rates-in-2023-despite-ukraine-war/articleshow/106777423.cms
While that is true and reflected in the article data, it doesn’t contradict what I said. Just in case it was meant to 😄
Yes people still buy Russian energy, some countries more than ever, sometimes through third parties, but total consumption is down.
It’s true that total consumption of energy in Europe down due to deindustrialization and growing recession because manufacturing in Europe is no longer competitive. However, the breakdown of energy that Europe imports hasn’t fundamentally changed. It’s not like new sources of energy have magically come into existence in the past two years.
Not sure if I could fully agree with the root cause analysis, but it sounds about right for Europe as a whole. Things are likely still mostly as their were, with additional steps and reduced demand
The fun part is how this is sabotaging our economy.
You can’t sanction a country if you’re depending on importing critical resources from them…
EU effectively ended up sanctioning itself. This is a great illustration of how materialism once again beats idealism.
You can if you’re building out technology to wean yourself from that critical resource at the same time.