EU Shells Out Extra €100 Billion for Energy, Revealing Deep-Seated Economic Dependencies
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7 Articles
EU shells out extra €100 billion for energy, revealing deep-seated economic dependencies
European Union officials announced that Brussels paid over €100 billion more for imported oil and gas this year than it would have otherwise. Dan Jørgensen, the EU's energy commissioner, clarified that this figure represents a pure price premium. The volume of fuel delivered remained constant, but the cost skyrocketed due to global market shifts. Jørgensen stated that these payments expose a structural vulnerability in the European economy. Whil…
Chris Apostolidis While drivers and transport companies in Europe are paying more than €200 million a day more for fuel, global oil companies and trading houses are reporting record financial results. A European Commission report reveals that the cost of importing fuel into the EU has increased by €90 billion. Read the […] The post Traders and oil giants with record profits from the fuel crisis! appeared first on iskra.
Europe’s €100 billion winter problem: how the energy crisis is pushing up costs for households and businesses
High fuel prices are returning as a political problem for Europe’s national governments, as the energy crisis translates into a bill of more than €100 billion for the EU. This is the additional cost of imports since the start of by sofokleous10..gr
The European Commission sees no risks to the EU's energy supply this winter, but recognizes energy price problems, overpayment of more than 100 billion euros
Since the beginning of the Iran war, energy prices have been rising. This is felt by the citizens, especially at the pumps. For the EU, the crisis also means: extra costs of three-digit billions.
The energy commissioner's statement was dramatic, saying that the EU spent more than 100 billion euros to pay for energy - natural gas and oil.
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