Comment by saubeidl
The digital Euro and dedollarization can't come quickly enough.
The digital Euro and dedollarization can't come quickly enough.
Europe is struggling with an energy crisis because of its sanctions against Russia. I'm sure those Iranian and Venezuelan oil fields willook awfully enticing after the Americans break down more and more American-European trade ties. Who knows, maybe a sizable oil investment might convince the Iranians to stop contributing to the Ukrainian invasion.
This just isn't really true any more. The Scandinavian countries have become net green energy exporters including over winter (lots of wind power and biogas in municipal heating networks) and the block as a whole is banning Russian gas imports from next year. (https://www.europarl.europa.eu/news/en/press-room/20251211IP...)
The price per kWh has dropped sharply in recent years compared to the invasion peak, though they are about double what they were before COVID (not inflation adjusted) - see https://skilky-skilky.info/wp-content/uploads/2025/06/Househ.... It's the UK that's up the shitter but that's far from uncommon....
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