Is Europe’s Energy Crisis a Preview of America’s?
Brenda Shaffer says Europe’s energy crisis is mostly self-inflicted, and Washington is copying the same mistakes. Europe is facing record-high prices, tight supplies, and blackouts. It’s not simply a renewables-versus-fossil-fuels story. Part of it comes down to market design. The EU moved from long-term fixed gas contracts to daily spot pricing. That handed Russia more […]