With Winter Coming, Europe Is Walking Off a Cliff
Facing the worst energy crisis since World War II as the cold-weather heating season starts, Europe continues to dither. European Commission President Ursula von der Leyen has presented a series of new European Union energy policies, including planned price caps, additional taxes on energy producers, the establishment of a new European hydrogen bank, and new support for electric vehicles. European Union member states, meanwhile, are nationalizing utilities, setting electricity prices, and subsidizing consumers. These EU policies do not represent a significant departure from the policies that got the continent into the energy mess in the first place.