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Dec 3 - Europe Is Wrong to Blame the U.S. for Its Energy Problems



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 2 months ago '22        #1
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Wrong Move  topics gone triple plat - Number 1 spot x3
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Dec 3 - Europe Is Wrong to Blame the U.S. for Its Energy Problems
 

 
Mr. Bordoff is the founding director of the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs, a former senior director on the staff of the U.S. National Security Council and a former special a*sistant to President Barack Obama.

As the depth of winter approaches, Europeans are increasingly worried about their ability to heat homes and power factories. Although natural gas storage levels are nearly full and prices have eased, the European gas price is still four to five times higher than average in recent years — and President Vladimir Putin of Russia has just*threatened*to cut what little Russian gas still flows to Europe.

Despite the economic pain and Mr. Putin’s best efforts, the West has remained largely united in confronting his aggression in Ukraine. Yet fissures are now beginning to show in the trans-Atlantic alliance as European leaders — especially President Emmanuel Macron of France, who has been visiting Washington this week — blame U.S. energy and climate policy for worsening their energy predicament. These attacks are not only misguided but also risk aiding Mr. Putin in his attempted conquest of Ukraine.

In recent remarks to French business leaders, Mr. Macron*complained*about the cost of U.S. imports of liquefied natural gas and “massive state aid schemes,” referring to the clean energy subsidies in the Inflation Reduction Act. “I think it is not friendly,” he said.

Other European leaders have joined in, using inflammatory rhetoric to blame three aspects of U.S. policy.

Some European officials have*accused*U.S. companies of war profiteering for selling relatively inexpensive U.S. natural gas at much higher prices in Europe. These accusations are baseless. American liquefied natural gas, or L.N.G., is sold in Europe at a price set by the market. While that price is more than five times the U.S. natural gas price today, most of that L.N.G. is sold to middlemen, usually at the U.S. price plus some markup. Those middlemen, not U.S. export companies, benefit when the overseas gas price is much higher. *Most of these resellers are not American. The largest are European companies — TotalEnergies and Shell.

European attacks on the United States are particularly perplexing given that American L.N.G. has played such a pivotal role in helping Europe replace gas from Russia, which had supplied around 40 percent of Europe’s imports before the war. Indeed, many European leaders questioned America’s*opposition*to the Nord Stream 2 pipeline, which would have further increased that dependence on Russian energy. The United States not only was the*largest*L.N.G. exporter in the world in the first half of 2022 but also supplied more than three-quarters of the European Union’s additional needs in the first half of the year. Unlike most other L.N.G. suppliers from other countries, whose contracts restrict where the liquefied natural gas can be sold, the vast majority of contracts for gas from the United States have no constraints on their destination, and thus most of those L.N.G. cargoes were diverted to Europe to help with the crisis.

Several European leaders have also*criticized*the very large clean energy subsidies in the climate provisions of the Inflation Reduction Act. “Nobody wants to get into a tit-for-tat or subsidy race,” the Irish trade minister, Leo Varadkar,*said recently. “But what the U.S. has done really isn’t consistent with the principles of free trade and fair competition.”

The new law does have implications for Europe. It will, for instance, make it*cheaper*to produce low-carbon fuels, such as hydrogen and ammonia, in the United States than in nearly any other place,*according*to the consultancy BCG. Europeans are concerned this may encourage companies to*shift*investment plans to the United States or*relocate*energy-intensive industries, such as steel, to where the cheap low-carbon energy is.

It is understandable that Europeans are worried about a wave of*deindustrialization. But the culprit is Europe’s lack of competitiveness without cheap Russian gas, not America’s new climate law. After years of criticizing the United States for being a laggard on climate action, it is puzzling to see European leaders condemning the country for investing*too much*in clean energy. America’s new climate mandates can begin a cycle of competition in clean energy technologies that accelerate decarbonization rather than lead to protectionist policies that retard it.

Finally, European leaders fear the Inflation Reduction Act will disadvantage European companies. To qualify for the tax incentives, clean energy products often must be made in the United States or, in some cases, neighboring or ally nations. For example, the new climate law requires that electric vehicles be a*sembled in North America to qualify for the subsidies and that their batteries be made from an increasing percentage of components mined or processed in the United States or its*free-trade partners. The European Union is not one of those partners.

Europeans are right to express*concerns*about protectionism. Industrial policy is back in vogue, and the Inflation Reduction Act is the latest action in a growing trend aimed at boosting domestic industries, creating jobs and securing supply chains — something the*European Green Deal*does too. China’s own protectionism and use of its industries for geopolitical influence have made Western governments favor trade with allies — so-called*friend-shoring.

Yet Europe’s current energy crisis has nothing to do with the new U.S. clean energy subsidies. Moreover, the provisions Europeans find objectionable are far from universal; for example, commercial vehicles, such as delivery vans and trucks, have no domestic manufacturing requirements to receive subsidies. Still, U.S. officials should use what discretion they have in*putting the law into effect*and in trade negotiations to allay potential harms to Europe and other allies such as South Korea and Japan.

With deft trade diplomacy, the Inflation Reduction Act’s sweeping new climate provisions should create more opportunities for cooperation with the European Union than it creates risks to the trans-Atlantic relationship. For example, U.S. and E.U. officials can leverage strong climate action on both sides of the Atlantic to carry out a recent agreement to*restrict*steel and aluminum imports, notably from China, that do not meet certain emission standards and work together to create preferential trade terms for countries that do meet such standards or impose a carbon fee on*imports*that don’t.

Diplomacy was*underway*Thursday in a meeting between President Biden and Mr. Macron. The French president spoke of the need to “resynchronize” his nation’s economic partnership with the United States to “succeed together.” Mr. Biden said he makes “no apologies” for the Inflation Reduction Act but also acknowledged the law had “glitches” and said, “There’s a lot we can work out.”

This is a positive step. Trans-Atlantic cooperation will be required more than ever to accelerate the shift to clean energy and secure those new supply chains. It is also what’s required to hold firm against Russia’s aggression in Ukraine. European leaders should tone down the rhetoric and work with their U.S. counterparts on collaborative approaches to accelerate climate action, enhance energy security and help Europe cope with its energy crisis.
visit this link https://www.nytimes.com/2 .. ne-energy.html
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21 comments
 

 2 months ago '09        #2
GREAT1NE  topics gone triple plat - Number 1 spot x1
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This is Americas war against Russia, Ukraine would’ve came to a peace agreement had it not been for US interference. And without our billions of dollars worth of weapons they would’ve been wiped out had they went this route


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 2 months ago '06        #3
bigkilla  topics gone triple plat - Number 1 spot x2
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Man tell them shut the fu*k up and get in line.

They have no problem using all of the US’s resources provided.

Obama and Trump told them not to rely on Russia and they laughed that sh*t off.
+16   

 2 months ago '18        #4
BrooklynDamien  topics gone triple plat - Number 1 spot x2
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Imagine... your neighbor says don't go across the street to that store to buy bread bro... buy my bread I made... for more money... Or I'll fu*k you up... then they blow up the road so you can't get across the street... Don't blame me though, little bi*ch. just eat this expensive a*s bread and shut yo bi*ch a*s up, homie.
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 2 months ago '22        #5
Wrong Move  topics gone triple plat - Number 1 spot x3 OP
Props total: 4647 4 K  Slaps total: 418 418
 BrooklynDamien said
Imagine... your neighbor says don't go across the street to that store to buy bread bro... buy my bread I made... for more money... Or I'll fu*k you up... then they blow up the road so you can't get across the street... Don't blame me though, little bi*ch. just eat this expensive a*s bread and shut yo bi*ch a*s up, homie.
Hahhahaha
You k*lled me bro
Usa some bullies! Facts
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 2 months ago '20        #6
sportersify 
Props total: 439 439  Slaps total: 570 570
 GREAT1NE said
This is Americas war against Russia, Ukraine would’ve came to a peace agreement had it not been for US interference. And without our billions of dollars worth of weapons they would’ve been wiped out had they went this route


Absolutely false. Ukraine doesn't want a peace agreement... but they need it. They can't win.
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 2 months ago '20        #7
sportersify 
Props total: 439 439  Slaps total: 570 570
 bigkilla said
Man tell them shut the fu*k up and get in line.

They have no problem using all of the US’s resources provided.

Obama and Trump told them not to rely on Russia and they laughed that sh*t off.
Exactly... the world been counting on daddy US to bail them out then call names when we aren't there.
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 2 months ago '09        #8
GREAT1NE  topics gone triple plat - Number 1 spot x1
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 sportersify said
Absolutely false. Ukraine doesn't want a peace agreement... but they need it. They can't win.



There’s reports out there
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 2 months ago '16        #9
Proveone  topics gone triple plat - Number 1 spot x4
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 BrooklynDamien said
Imagine... your neighbor says don't go across the street to that store to buy bread bro... buy my bread I made... for more money... Or I'll fu*k you up... then they blow up the road so you can't get across the street... Don't blame me though, little bi*ch. just eat this expensive a*s bread and shut yo bi*ch a*s up, homie.
Nailed it



Told kats in the other thread US sad playing Chess out here.
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 2 months ago '22        #10
Wrong Move  topics gone triple plat - Number 1 spot x3 OP
Props total: 4647 4 K  Slaps total: 418 418
 GREAT1NE said



There’s reports out there
Thats facts
I seen couple headlines bout that.

 2 months ago '20        #11
Xiox  topics gone triple plat - Number 1 spot x1
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Washington created this whole fiasco & the European Union needs to point the blame on them
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 2 months ago '22        #12
Jason Weaver  topics gone triple plat - Number 1 spot x4
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Give them the cheap energy and let the EU take the brunt of the expenses.

In fact why don't they pay for our weapons on behalf of Ukraine. Problem solved

 2 months ago '17        #13
cabeast93 
Props total: 9463 9 K  Slaps total: 1488 1 K
I’m against imperialism buutttt…. It’s undeniable who’s in charge of this planet. After they pay of AA’s and make some good faith moves then I’d be on board with world domination plan.

With that being said Europeans better recognize.
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 2 months ago '05        #14
bklyn 
Props total: 7434 7 K  Slaps total: 3651 3 K
Trump told them to stop relying on Russian oil. I remember that vid of the Germans laughing at Trump.
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 2 months ago '18        #15
BlackBanga 
Props total: 10247 10 K  Slaps total: 626 626
Welcome to neo colonialism Europe

fu*k this bulksh*t propaganda article. The EU is getting pimped like everybody else now
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 2 months ago '06        #16
Skateboard T  topics gone triple plat - Number 1 spot x7
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 GREAT1NE said
This is Americas war against Russia, Ukraine would’ve came to a peace agreement had it not been for US interference. And without our billions of dollars worth of weapons they would’ve been wiped out had they went this route


US has been pushing for a diplomatic agreement forever, Ukraine is the one who refuses any concessions.

 2 months ago '22        #17
Voodoogeddon  topics gone triple plat - Number 1 spot x6
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 BrooklynDamien said
Imagine... your neighbor says don't go across the street to that store to buy bread bro... buy my bread I made... for more money... Or I'll fu*k you up... then they blow up the road so you can't get across the street... Don't blame me though, little bi*ch. just eat this expensive a*s bread and shut yo bi*ch a*s up, homie.
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 2 months ago '19        #18
Immersion Vox 
Props total: 15400 15 K  Slaps total: 1997 1 K
Ofc they not gonna go at the middlemen.

Shell got diplomatic immunity like a mf

 2 months ago '20        #19
CopyCat 
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 2 months ago '04        #20
VictoryThagr8 
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 GREAT1NE said
This is Americas war against Russia, Ukraine would’ve came to a peace agreement had it not been for US interference. And without our billions of dollars worth of weapons they would’ve been wiped out had they went this route


You must have forgot when the Russian stole Crimea from Ukraine in 2014. Ever since that day that Ukraine wanted revenge. After that Ukraine don't want a peace agreement especially when Russia is trying to gain more land.

 2 months ago '22        #21
Booda Sack  topics gone triple plat - Number 1 spot x10
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 VictoryThagr8 said
You must have forgot when the Russian stole Crimea from Ukraine in 2014. Ever since that day that Ukraine wanted revenge. After that Ukraine don't want a peace agreement especially when Russia is trying to gain more land.
Without US involvement Ukraine has no chance in f*ghting Russia. The reason for this war is the Ukraine is a buffer state and it’s been under Russia influence its entire existence. Then in 2014 after the coup it became a U.S. alliance that’s what pushed the occupation. Also you’re right Ukraine will rather Everyman dead and every building destroyed before they give up to Russia. If you see the cities Ukraine list control of they a completely destroyed the Russian ones are still what intact. They even slipped up and admitted Ukraine has already lost over 100k men in this war. It makes sense because their strategy to take back territory is to overwhelm with man power so they are just sending groups of men to die. As long as NATO provides support Ukraine will f*ght. If NATO stopped they would have no choice but to come to a deal


What’s interesting is the European nations and the US already admitted they are running low on weapons to give Ukraine. Also unlike our wars they don’t have the support to use them effectively. They are using HMARS like an AK-47 so they are running through supplies. No one knows who deep Russias stock pile is. So it’ll be a game of who runs out of ammo first.

 2 months ago '05        #22
bklyn 
Props total: 7434 7 K  Slaps total: 3651 3 K
Real talk, tell Europe to use solar and wind instead.



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