Europe's Next Energy Crisis Won't Be a War, It'll Be Peak Oil

Source Summary

Europe is facing its third energy crisis in four years amid ongoing global geopolitical tensions. The continent's heavy dependence on foreign fossil fuel imports has become increasingly problematic as the European Union struggles to stabilize energy markets between successive global oil shocks. Prior to Russia's February 2022 invasion of Ukraine, Europe relied on Russian producers for 40 percent of its energy supply.