News
Putin’s Energy Squeeze Tests European Resolve
Europe is tightening its collective belt in the energy confrontation with Russian President Vladimir Putin, who’s counting on a winter of economic pain and social distress to weaken the continent’s resolve in opposing his war in Ukraine.
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.