“Its a sellers market.”
Trump repeatedly warned Germany and Merkel in particular that depending on the Russians for gas was going to end up making Germany dependent on Russia. Merkel’s response was something along the line of, “This is a new world of cooperation. We needn’t fear Russia any longer. The cold war is over.” And she and the rest of the EU made fun of Trump. I’d like to say, “suck on it, Germany.” But I think they’ve learned their lesson. I don’t think Germany has it within their current DNA to ever become a significant power again. The government is designed to be fractured and helpless and the design is working very well. It’s amazing if it can even hold a government together, let alone satisfy the insane demands of the various wildly different factions that must, under their constitution, cooperate to do anything significant. It appears nuclear power is out forever. Coal is out forever and they’re doing creative accounting to lie about how Green they are. (While buying coal generated power from the eastern countries, thus exporting their pollution.) If I was a young German, I’d immigrate someplace else.
“Trump repeatedly warned Germany and Merkel”
You are right. Trump mailed Merkel a white flag of surrender because of it.
Because Germany didn’t diversify its energy mix, its energy bills were artificially low. Now they have high prices.
Germany has 6th largest proven coal reserves. Ignore the climate nazis and burn coal.
Nope, it is just the US killing the Europe’s competitive edge to China’s favor. The Euros are to find out sooner or later.