And Europe is de facto replacing “bad” Russian pipeline gas with “good” U.S. LNG. At a price of 4-5 times the previous cost of pipelined gas. That makes the E

And Europe is de facto replacing “bad” Russian pipeline gas with “good” U.S. LNG. At a price of 4-5 times the previous cost of pipelined gas. That makes the European manufacturers non-competitive in today's markets. That will lead to a loss of manufacturing capacity for Europe as companies either go bankrupt or are forced to transfer their manufacturing to countries like China, or South-East Asia. Or we will find that many 'prestige' brands like Mercedes-Benz or Dior or BASF, for instance, will have to either disappear or reduce their ranges markedly. The Europe we know today is gone. Possibly forever.