European leaders’ ideals are More Aspirational than Realistic When Come to Finding Solutions to the Energy Crisis

The highest-ranking officials in the EU have been toiling away around the clock in an effort to devise a long-term solution to the worsening energy crisis. On the other hand, they do not anticipate that their current strategy will result in fruitful long-term results as now the situation has gotten worst since the bombardment of Ukraine in the last week .

Russia has been hitting power stations in Ukraine and if it carries on , the winter will forced out the local people to leave for other neighbouring countries ,situation will only get worst in the coming months

Europe is increasingly being dragged into an energy crisis and economic distress by the United States' role in directing Western alliances to intensify sanctions against Russia, the escalation of tensions between Russia and Ukraine, and its difficult-to-fulfill pledges to assist Europe in reducing its reliance on Russian energy supplies.

Now that many European countries are already on the brink of economic chaos, with inflation soaring, social unrest on the rise, and many people losing their jobs, an even greater threat looms over the continent, as Europe is drifting away from its strategy of independence, and its industrial competitiveness will suffer if it relies too heavily on the United States for products and technologies, economists said

In recent months, the economic issues experienced by Europeans have constantly made headlines, as European countries confront soaring inflation in commodities such as gasoline, automobiles, and food, a phenomena that is wreaking havoc on European citizens.

As a result of the Russia-Ukraine conflict, energy supplies from Russia are dwindling, contributing to rising energy prices. In particular, Russia has decreased gas flow to Europe as a result of the dispute, and EU officials reportedly want to block the majority of Russian oil imports by the end of 2022 as a form of punishment.

Experts emphasized that although the hostile ties between Europe and Russia are precipitated by Europe's sense of uneasiness toward Russia, it was also exacerbated by the US, which "gave lip service" to the EU that it will assist the EU in reducing its energy dependence on Russia.

A major US media house also recently released a story that detailed the prospective measures of direct intervention in the energy market that Brussels is investigating. This piece was discussing on possible how Brussels Is considering direct intervention measures where it mentioned the governments of Germany, Sweden, and Finland were forced to implement a number of bailouts to prevent utilities from going bankrupt as a result of the price crisis. These governments were prompted to take action by the bloc because they were forced to implement these bailouts.

The actual measures and proposal , which will be discussed at a gathering of energy ministers in September , consists of putting a temporary cap on the price of gas that is used in the generation of electricity and halting the trading of power derivatives in an effort to increase liquidity on the struggling electricity market.

The price of natural gas in Europe has soared by approximately 350 percent over the course of the previous year. Around this time last year, the strain began, and the conflicts that have taken place in Ukraine this year have only served to make matters worse. So far most of the leaders in Europe are looking only to spend more money so that it may become even more reliant on the United States for its supply of oil and gas ,typically they are most obliging to the U.S and these young leaders seems hopeless in finding any solutions

Even while political relationships with the United States are far different from those with Russia, it is not a good idea for Europe to substitute one dependency for another. This is true even though political ties with the United States are much stronger than those with Russia.

According to the President of the European Commission sustainable energy seems is not a solution either for the simple reason that it cannot be produced locally.

Wind and solar power cannot meet Europe’s energy needs on their own because there are not enough natural resources available. She has always sound so confident ,but lets guess why typically there are no special serious counter solution, well, typically these is common sense in Europe, as most of them knew ,they are due to be voted out in near time and maybe that’s why , why bothers

It seems possible that Europe will experience a severe winter this year. People are getting increasingly desperate in their attempts to cope, and this desperation is pushing them in the direction of an increasingly interventionist course.

This is happening even before the first heating season bills arrive. Already, many individuals have gone to social media in order to criticize the European Union of being more authoritarian and to compare it to the Soviet Union, and already we saw massive rallies around all the major cities concerning this matter .

Protests against European energy policies have begun, and it is anticipated that more will take place as fall gives way to winter. Unfortunately, European governments do not have many options available to them other than to directly participate in energy markets.

But now Russia is demanding payment for any purchase of their natural gas to be in Rubles or maybe in Yuan, which has the potential to bring an end to the hegemonic position held by the US dollar.

According to Russia, China’s payments for the purchase of gas from Russia will be converted to rubles and yuan, so they seems willing to accept Yuan in favors to China , and it might be negotiable for other preferred buyers

Following the imposition of sanctions by the West in response to Russia’s invasion of Ukraine, Russia has significantly increased the amount of energy it ships to China and India.

Gazprom, a Russian gas corporation, made the announcement on Tuesday that it had signed an agreement to begin taking yuan and rubles as payment for gas shipments to China. Previously, Gazprom had only accepted dollars as payment for these exports.

Because of the sanctions imposed by the West in response to Russia’s invasion of Ukraine, Moscow has stepped up its attempts to reduce the significance of the United States dollar, the euro, and other hard currencies in the financial system of the country as well as in its commercial transactions.

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