Vladimir Putin's stranglehold on Europe's energy markets

Yesterday, I suggested that the best way to undermine Putin's regime and his ability to project power into Europe is for America to develop the infrastructure to sell natural gas cheaply to Europe.
Now, here is some data to show just how strong a stranglehold Gazprom, the state-owned Russian gas company, has on European energy markets:
This position — in which Putin can turn off the gas in the middle of winter, and plunge countries into an energy crisis — has given him the ability to strong-arm European countries into accepting Russian foreign policy. This position of strength has blunted the European response to Russian soldiers taking over Crimea.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
By providing competition to Gazprom, America can give European countries more leverage in negotiations with Putin, and more ability to sanction Russian incursions into Eastern Europe.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.
-
Museum head ousted after Trump sword gift denial
Speed Read Todd Arrington, who led the Dwight D. Eisenhower Presidential Library and Museum, denied the Trump administration a sword from the collection as a gift for King Charles
-
Trump declares ‘armed conflict’ with drug cartels
speed read This provides a legal justification for recent lethal military strikes on three alleged drug trafficking boats
-
Supreme Court rules for Fed’s Cook in Trump feud
Speed Read Federal Reserve Governor Lisa Cook can remain in her role following Trump’s attempts to oust her
-
Judge rules Trump illegally targeted Gaza protesters
Speed Read The Trump administration’s push to arrest and deport international students for supporting Palestine is deemed illegal
-
Trump: US cities should be military ‘training grounds’
Speed Read In a hastily assembled summit, Trump said he wants the military to fight the ‘enemy within’ the US
-
US government shuts down amid health care standoff
Speed Read Democrats said they won’t vote for a deal that doesn’t renew Affordable Care Act health care subsidies
-
YouTube to pay Trump $22M over Jan. 6 expulsion
Speed Read The president accused the company of censorship following the suspension of accounts post-Capitol riot
-
Oregon sues to stop Trump military deployment
Speed Read The president wants to send the National Guard into Portland