Europe’s energy crisis was, in part, caused by the desire of governments to make fossil fuels ‘prohibitively expensive’ The common claim that energy can be clean, reliable, and cheap has fallen flat, teaching policymakers a painful lesson The harsh reality about carbon taxes is that they increase the cost of living and likely reduce quality of life The European energy crisis seems to be the only thing anyone is talking about these days. Analysts opine over why it happened and how likely it is to spread globally ( very , is the answer). The focus of most analysis has been overwhelmingly on the supply and demand gap that caused the crisis. In contrast, the underlying reason for the crunch hasn’t received nearly as much attention. The fact is, Europe has been producing a lot less gas of its own in its drive to ‘go green’. It has made sure […]