←back to thread

Europe is locking itself in to US LNG

(davekeating.substack.com)
151 points hunglee2 | 1 comments | 16 Sep 25 13:56 UTC | HN request time: 0.205s | source
Show context
jmclnx ◴[16 Sep 25 14:25 UTC] No.45262677[source]▶
With a "normal" US Admin, I doubt this would be a concern. With this current regime, it could be risky. I could see Trump having a fit and if he realizes the EU needs US LNG, he could cut the supply or put a huge tax on it.

But if that happens, maybe the US Fossil Fuel "Cartel" will revolt. I think the EU really need to accelerate their renewal push even more. From what I read they are doing good w/renewals, but I would be nervous if I was in the EU until renewals and/or nuclear power provides 90% of the power.

replies(2): >>45262855 #>>45266076 #
1. trcarney ◴[16 Sep 25 18:36 UTC] No.45266076[source]▶
That doesn't really support his rhetoric. He has always said that he doesn't like the trade deficit, which is a dumb idea, so increasing exports would go along the same vein as increasing tariffs to limit imports.

I think what would be more likely is the EU does something with it as a bargaining chip to reduce import tariffs rather than Trump trying to tax it out of existence.

And just to be clear Trump's trade policy is dumb and I don't support it.