Europe further in turmoil with likely inflation export to rest of the world. they didnot plane for unreliable French reactors and climate conditions when making energy usage predictions.
In response to the turmoil, the White House dispatched presidential coordinator for global energy Amos Hochstein to Europe on Tuesday, officials said. He will be traveling to Paris and Brussels to discuss contingency planning with the US-EU energy task force created in March, one month after .
"This was our biggest fear," said the US official. The impact on Europe could boomerang back onto the US, spiking natural gas and electricity prices, the official said. It will also be a major test of European resilience and unity against Russia, as the Kremlin shows no signs of retreating from Ukraine.
The US and Brussels have been pleading with EU members to save gas and store it for winter, and on Tuesday, energy ministers to cut gas use by 15% from August to March.