For the second time this decade, Europe is in an oil and gas crisis, once again highlighting the danger of dependence on imported fossil fuels. The diversification strategy promoted by the EU for decades has shown its limits, and the inherent vulnerability to market disruptions and price hikes remains. As a result, the EU has rightly identified that the solution to the crisis is to wean itself off of fossil fuels, and to push forward with electrification and renewables.
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