The European Union wants the United States’ help in kicking its addiction to Russian natural gas. But President Joe Biden faces big limits in what he can promise when he visits the continent this week.
Europe’s main request is more liquefied natural gas from the U.S., whose output of the fuel has surged over the past five years. But American gas exporters are already shipping their LNG overseas nearly as fast as they can, with little new capacity due to come online during the next two years. And Biden cannot command the activities of private oil and gas companies — who will typically sell their product wherever in the world they can fetch the highest price.
The energy crisis for America’s cross-Atlantic allies is still forcing a shift in policies for the Biden administration, which had come into office pledging to drive a transition away from fossil fuels and toward clean energy.
Biden can't just stop talking. The outcome is disastrous to the US and Europe. Energy problems that he created then blame Putin [didn't stick] but he tried. Just a thought
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