Europe Faces Economic Crisis as Russian Gas Supplies Dwindle

Germany and Europe face deindustrialization due to the loss of cheap Russian gas. The US promised cheap LNG exports but this was a fantasy.

President Biden paused LNG projects to appease activists, further damaging prospects for affordable gas.

LNG will always be far more expensive than Russian piped gas. The West has no serious economic growth plan.

America is dismissing the destruction of the European economy as no longer being competition. This is folly rather than strategy.

The gas crisis is radically shaking up German politics, with Eurosceptic parties surging. Europe may drift from American influence, leaving Britain's position uncertain.