AT THE CENTER

Europe’s New Energy Crisis

Russia’s invasion of Ukraine and the subsequent collapse in Russia’s energy exports to Europe have had considerable energy and economic impacts across Europe since 2022. The U.S.-Israeli attack on Iran and Iran’s partial closure of the Strait of Hormuz have further stressed Europe’s energy system, including the availability and price of natural gas at a

“Throughout its history, Russia has strived to be accepted by the West. Yet, today, it is isolated, serves as China’s junior partner, and includes as its main partners rogues like North Korea and Iran.”

-Andrew C. Kuchins

"The cold, hard truth is that tariffs are bad for the GOP and even worse for America."

-Jacob Heilbrunn

“The reality of this new era is that energy consumption is growing globally in an 'all of the above' manner. Renewable energy is seeing explosive growth, but there is still some growth in oil demand and even coal, and strong demand growth for natural gas and LNG.”

-Greg Priddy

“The United States will face grave challenges if its adversaries establish hegemony in either Europe…or Asia…and establish de facto control of their polities and resources. America’s alliance relationships are critical in preventing that outcome.”

-Paul J. Saunders