EU Energy Commissioner: No Quick Fix for Skyrocketing Prices
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Europes energy crisis deepens as Iran war escalates, with EUs Jørgensen warning of prolonged price surges. Despite no major supply shortages, diesel, jet fuel, and electricity bills soar due to global gas constraints. Jørgensen calls for EU-wide coordination, proposing measures like tax cuts and a potential windfall tax on energy giants. He emphasizes the need to support vulnerable households and industries, endorsing the IEAs ten-point plan to ease demand. The EU remains committed to its Russian gas ban, diversifying supplies from US, Azerbaijan, Algeria, Canada, and others, vowing to avoid past mistakes of letting energy become a weapon.
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