The EU cut itself off from Russian oil and gas. Industrial energy costs are already two to three times higher than its competition, and that’s even before the new shock with energy supply from the Middle-East being cut off. And their move is to deliberately raise the cost and slow down the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the pretext it’s a security threat. You’d think the bigger security threat would be having your industrial base relocate to countries that didn’t voluntarily price themselves out of energy.
The EU cut itself off from Russian oil and gas. Industrial energy costs are already two to three times higher than its competition, and that’s even before the new shock with energy supply from the Middle-East being cut off. And their move is to deliberately raise the cost and slow down the rollout of Chinese solar, the cheapest and fastest-deploying form of electricity in the market, on the pretext it’s a security threat. You’d think the bigger security threat would be having your industrial base relocate to countries that didn’t voluntarily price themselves out of energy.
Is this just an extension of oligarchs prioritizing their portfolios in US stocks and the like or am I missing something
I can’t think of a better explanation
This makes more sense than all that blathering about “security”.