This is how the energy economy actually works – and why the EU can’t grasp it — RT Business News

Across the European Union, factories are closing or quietly scaling back production. Chemical plants, steel mills, fertilizer producers – the most energy-intensive segments of the economy – are either relocating abroad or shutting down altogether. 

This is no temporary setback. Europe has not emerged from the energy crisis of 2022 and it won’t anytime soon. What is most alarming about this predicament is that Europe’s leadership is unable to grasp what is happening to it.