The European Energy Crisis Was Inevitable

Europe is in the midst of an energy crisis that is about to get much, much worse if war breaks out between Russia and Ukraine. Russia is the continent’s single-biggest provider of liquefied natural gas, while Ukraine is a critical part of the shipping route to transport all that fuel from Russia to the European Union. A conflict between these two essential parts of the European energy supply chain would pose a serious threat to Europe’s already floundering energy security.  As Europe’s energy deficit has become increasingly…