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Considering that the industry is highly profitable I'd say that Europe spends more importing gas than producing it locally, which would also benefit the economy
by mytailorisrich 1y ago
Considering that the industry is highly profitable I'd say that Europe spends more importing gas than producing it locally, which would also benefit the economy and improve strategic independence.
Investments in fossil fuel infrastructure still happen, too, in the form of LNG terminals.
- ljf 1y agohttps://www.nytimes.com/2022/07/27/opinion/environment/energy-crisis-oil-gas-fracking.html https://www.nytimes.com/2022/07/27/opinion/environment/energ... Fracking is only profitable when oil is $120 a barrel or more.