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Will EU Price Cap ‘Save Europeans’ or Con Them? | European Union | Europe Energy Crisis



Will EU Price Cap ‘Save Europeans’ or Con Them? | European Union | Europe Energy Crisis
Of late, The western world seems to have a solution for all its problems in two words. Price cap. Earlier, it was about capping the prices of Russian oil. G7 countries and all of Europe came to agree on a price cap on Russian oil which was meant to cut down Russia’s increasing revenues from energy exports. This time the price cap introduced is within Europe, by the European Union, on benchmark gas prices. The goal is to prevent the price hike that ailed Europe this year, and to shield Europeans from high energy prices in 2023. So what is this new price cap plan? What makes Europe seek out such a policy? And will it be effective?

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Europe | European Union | Germany | Europe Energy Crisis | Russia | EU Price Cap | Netherlands | Austria | Russian Gas | Olaf Scholz | Ursula von der Leyen | Latest News | Firstpost

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34 Comments

  1. Consider this. The U.S. sell LNG to Europe at 5 times the price they sell it for domestically. Do you think they will agree (even if they say so orally) to sell it to Europe at a cheaper price, determined by Europe? If you do, you should get your head examined.

  2. The risk is that there will be no oil for Europe.It is the market price which is ruling the market not EU phony price caps !We risk that we will see the same troubles during the crisis in 1973 where there was big oil shortages made Saudi Arabia and other suppliers.

  3. Europe Americas lapdog, Its such a shame I feel embarrassed being a European knowing America doesn't give a shit about Europe and only uses Europe as a tool. A nation with the dumbest people on the planet gets to rule us how sad is that.

  4. The idea is dead even before it started. Russia, if it so wish, can continue normal supply when international prices do not exceed the price cap ( which is now actually lower than the price cap ) and stop its supply to the normal trade when it breaches the cap. Russia do not need to be a participant in this EU's childish game.

  5. The EU should put a price cap on USA American energy price gouging, as usual the USA says its your friend and the stupid EU leadership accepted all the stupid American sanctions its good to see the shit these fools have laid on their citizens. NATO should be abandoned, its been taken over by private enterprise.

  6. How many little brown bags stuffed with Euros have been found recently or have they stopped looking to pretend it was never a problem.

  7. Why is EU leadership acting like drunken sailors in a ship in the high sea beset by very visible high killer waves. Rather than sail back safely home they insist we'll get there or we perish. I wish they'll continue and perish themselves but for the lives of innocent and clueless millions. No desenting voice Oh God. So sad. Merry Christmas and thanks.

  8. Can someone crack the numbers too see if eu gas cap price and us gas export prices match? Meaning gas price cap could be matched to make US LNG price competitive?
    As if it does that would make it obvious that it just a tool to make make us LNG more price competitive…

  9. Have to talk urgently but it's Importance also be equivalent at same level
    Price cap for Saudi Arabia to says first not suggest for Russia when officially Saudi Arabia main as oil production countries

  10. EU visí na vlasu, hloupí politici udržují tento zbytečný ,,parlament zkázy" při životě jako pacienta na lékařských přístrojích! A proč? Protože jejich nesaslouzené platy a odměny jsou vysoké a nevzdají se výhod!!

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