
POLITICS
Europe’s energy crisis is ‘clear and present warning’ for US
In recent months, European consumers and businesses have been hit with massive energy bills due to Russia's invasion of Ukraine, which upended global oil and gas markets due to Russian producers' dominance, and an aggressive transition to green energy sources like wind and solar pushed by several major European nations.
Amid the crisis, Europeans have been forced to take drastic measures to conserve energy and keep bills low while governments have imposed rationing rules and introduced relief programs. The letter noted that the crisis has forced manufacturing plants to close and will likely lead to major blackouts throughout the winter in Germany.