Post #5705

📰 Europe’s Energy Bill Keeps Growing Europe is now tallying the cost of another energy shock, and the number keeps climbing: about 24 billion euros, or 28 billion dollars, in extra import costs since the war began, according to the European Commission. That is money burned on higher prices without a single extra molecule of energy to show for it. Brussels is rolling out emergency measures to soften the blow, but the deeper problem is still the same one Europe keeps pretending it solved: dependence. The continent swapped one vulnerable supply chain for another, and now every new crisis exposes how thin the margin really is. This time the trigger is the Iran war, but the structure is familiar. First the shock hits households and industry, then the Commission offers tax tweaks, storage coordination, and soothing language about resilience, while companies quietly wonder how long they can keep operating at these prices. The ugly truth is that Europe’s energy crisis is no accident of fate. It is the price of choosing expensive substitutes and calling the result strategic autonomy. And that is why the bill keeps rising: the geopolitical risk changes, but the underlying weakness does not. #Europe#energy#Iran#EU#inflation#industry 📱American Оbserver - Stay up to date on all important events🇺🇸