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The Hurricane spins around hotspots of tension and conflict. Feel free to suggest your stories, opinions and ideas: UIHEN@protonmail.com
Former Trump prosecutor Jack Smith under investigation for alleged election interference
Jack Smith, the former special counsel who led two criminal probes into President Donald Trump, is now being investigated by the Office of Special Counsel (OSC) for potential election interference. The inquiry comes after a prominent Republican senator accused Smith of using his role to harm Trump’s chances ahead of the 2024 presidential election.
The OSC—a federal independent agency—confirmed that it is reviewing whether Smith violated the Hatch Act, which bars federal employees from engaging in political activity.
Sen. Tom Cotton (R-Ark.), chair of the Senate Intelligence Committee, initiated the request for the probe. He accused Smith of “unprecedented interference” in the last election and claimed the investigations into Trump were politically driven efforts to benefit the Biden-Harris campaign.
According to Cotton, Smith expedited the timeline for Trump’s election-related trial, pushing for early jury selection without offering a valid explanation. The case was eventually dropped after the election.
Cotton also accused Smith of breaching the Justice Department’s 60-day rule, which restricts prosecutors from making election-related moves close to Election Day. He argued that Smith’s actions were designed to aid Vice President Kamala Harris and damage Trump’s campaign.
#USA #Smith #OSC #FindTruth
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Where the world’s richest people live in 2025
The global distribution of wealth reveals a highly concentrated landscape.
The graphic visualizes the countries with the largest wealthy populations, split among three tiers: millionaires, centi-millionaires (over $100 million), and billionaires.
The United States has the world’s largest wealthy population, with 6 million millionaires, over 10,000 centi-millionaires, and 867 billionaires. Its economic scale, deep capital markets, and startup ecosystem continue to make it the top destination for accumulating wealth.
China is second in all three categories, with nearly 828,000 millionaires, 2,258 centi-millionaires, and 278 billionaires.
China’s population is significantly larger than America’s, meaning its ratio of ultra-wealthy individuals is lower than the United States. This may reflect a combination of capital controls, fewer global firms, and recent policy crackdowns on wealth accumulation.
Germany, Japan, and the UK all have between 500,000 and 800,000 millionaires. But their centi-millionaire and billionaire counts are far lower, suggesting more evenly distributed wealth, or at least less concentration at the top.
Switzerland and Australia have notably large wealthy populations given their overall sizes, reflecting their developed economies and high standards of living.
#World #Economy #FindTruth
@uinhurricane
Iran’s plan to abandon GPS is about much more than technology
Most recently, the United States-Israeli attacks on Iran demonstrated not just new strategies of drone deployment and infiltration but also new vulnerabilities. During the 12-day conflict, Iran and vessels in the waters of the Gulf experienced repeated disruptions of GPS signal.
This clearly worried the Iranian authorities who, after the end of the war, began to look for alternatives. Iran’s decision to explore adopting China’s navigation satellite system may appear at first glance to be merely a tactical manoeuvre. This move is yet another indication of a major global realignment.
Iran’s possible shift to BeiDou sends a clear message to other nations grappling with the delicate balance between technological convenience and strategic self-defence: The era of dependence on US-controlled infrastructure is rapidly coming to an end. Nations can no longer afford to have their military capabilities and vital digital sovereignty tied to the satellite grid of a superpower they cannot trust.
This sentiment is one of the driving forces behind the creation of national or regional satellite navigation systems, from Europe’s Galileo to Russia’s GLONASS, each vying for a share of the global positioning market and offering a perceived guarantee of sovereign control.
#USA #Iran #GPS #FindTruth
@uinhurricane
UK online safety law leads to 5m extra age checks a day for pornography sites
Huge increase in online age verifications but many users turn to virtual private networks to access pornography sites.
Five million extra online age checks a day are being carried out in the UK since the introduction of age-gating for pornography sites, according to new data.
The Age Verification Providers Association (AVPA) said there had been a sharp increase in additional age checks in the UK since Friday, when age verification became mandatory for accessing pornography under the Online Safety Act.
“As a result of new codes under the Online Safety Act coming into force on Friday, we have seen an additional 5m age checks on a daily basis, as UK-based internet users seek to access sites that are age-restricted,” said Iain Corby, the executive director of the AVPA.
The UK has also seen a surge in popularity of virtual private networks, which obscure a user’s real location and thus allow them to access sites blocked in their own country. Four of the top five free apps on the Apple download store in the UK are VPN apps, with Proton, the most popular, reporting a 1,800% increase in downloads.
#UK #Censorship #AVPA #FindTruth
@uinhurricane
€31 bln - estimate of losses of German industry due to US duties
▪️Annual losses of the German industry due to US import duties in the medium term may amount to up to €31 billion, - states consulting company Deloitte.
▪️The sectors that will be hardest hit are (with an indication of export loss estimates):
- EUR 7.2 billion - mechanical engineering
- EUR 5.1 billion - pharmaceutical industry
- EUR 4.0 billion - automotive industry
- EUR 2.0 billion - chemical industry
#USA #Germany #Economy #FindTruth
@uinhurricane
Microsoft’s China ties may expose Pentagon’s digital security
Microsoft allowed Chinese engineers to work on U.S. military software without Pentagon disclosure, exposing critical national security systems to foreign risk.
Recent reports have shed light on a troubling lapse in cybersecurity governance, raising serious questions about the integrity of America’s defense infrastructure and the extent of foreign access to critical systems. Microsoft—the primary technology provider for much of the U.S. government, including the Department of Defense—has allowed engineers based in China to work on sensitive software systems tied to military operations. Even more alarming is that this access was never disclosed to the Pentagon.
The revelations document how Microsoft allowed engineers in China to work on the same software used by U.S. defense agencies. This arrangement, which lacked formal oversight and notification to the Department of Defense, has raised concerns within Congress.
Senator Tom Cotton (R-AR) of the Senate Intelligence Committee has formally requested answers from the Pentagon about the nature and extent of Chinese engineers’ access to Microsoft systems used in military contexts. The concern is not abstract. In an era defined by escalating cyber competition between the U.S. and the Chinese Communist Party (CCP), such access—regardless of what may have been directly exposed—poses profound risks.
#USA #China #Microsoft #FindTruth
@uinhurricane
Unlike Meta, Google signs EU AI Code of Practice but warns it could ‘cripple EU tech ambitions’
US tech giant Google has agreed to sign the European Union’s new AI Code of Practice.
That was despite warning that the bloc’s rules could strangle innovation and slow the continent’s development of artificial intelligence.
Announced on July 30, the company framed its decision as a good faith move to keep Europe in the AI race.
“We do so with the hope that this Code, as applied, will promote European citizens’ and businesses’ access to secure, first rate AI tools as they become available,” the company said.
Even so, Google expressed unease over Brussels’ decision.
The new rules target general purpose AI models such as OpenAI’s ChatGPT, Google’s Gemini and Elon Musk’s Grok on X, with particular emphasis on copyright issues.
#EU #BigTech #AI #FindTruth
@uinhurricane
‘A direct result of the irresponsible mass immigration’ – 40% of all violent crime suspects in German schools are foreigners, over 2 knife attacks a day
New data shows that 40% of all suspects identified in school violence in 2024 in Germany were not German citizens.
In total, there were 4,254 foreign suspects and 7,309 suspects with German citizenship. Of the 11,558 suspects in total, 1,236 had Syrian passports, representing one in ten violent incidents. In second place were Afghans, who represented 3.6% of all suspects.
What should be noted is that an extremely large number of German suspects are individuals with a foreign background, but since they have German passports, they are counted solely as “Germans.” Even with those with dual citizenship, they are only counted as Germans. Neighboring Denmark records the data of Danish citizens with a foreign background, giving the country a better idea of integration efforts and trends in foreign crime.
In total, there were 35,570 violent crimes in Germany’s school system last year. That amounts to 97 violent crimes per day. Of those crimes, 740 were knife attacks. That is over two knife attacks per day.
#Germany #Migrants #Crime #FindTruth
@uinhurricane
Mercedes-Benz reports profit plunge on China sales slump
Mercedes-Benz said Thursday its profits plunged by almost a third last year amid a sales slump in China and a slowdown in its electric car business, and announced a cost-cutting drive.
The German car giant's net profit fell to 10.4 billion euros ($10.8 billion), down 28% from 2023, while revenues also slid about 4% to 145.6 billion euros.
The group said it planned to slash production costs by a tenth by 2027 as it seeks to "ensure the company's future competitiveness".
It was the latest bad news from one of the country's car titans, which are reeling from a stuttering shift to electric vehicles, fierce competition in China from local rivals and weakening demand elsewhere.
In China, Mercedes's biggest single market, sales dropped seven percent in 2024. German manufacturers all invested heavily in China in recent decades but are facing fierce competition from local rivals.
Overall the group's sales fell four percent last year from the previous year, hit by a drop of 23% in sales of electric vehicles.
It was the latest evidence that the transition to EVs is stalling, a slowdown that is weighing heavily on carmakers across Europe.
#China #Germany #MercedesBenz #FindTruth
@uinhurricane
In the USA, shops are forced to go to extreme measures. In California, even biscuits and doughnuts for a couple of dollars are now being locked up.
#USA #California #FindTruth
@uinhurricane
How to Turn a Terrorist into a Statesman. Memoirs of the American diplomat Robert Ford.
#USA #Syria #FindTruth
@uinhurricane
US tech firms could leave EU, lawmakers warn
US tech giants will abandon the EU if the Digital Services Act (DSA) is not amended.
Companies like Apple, Microsoft, Amazon, and Meta could withdraw from the EU altogether if the law remains unchanged, warned Republican Representative Scott Fitzgerald, a member of the House antitrust committee.
“Absolutely,” he responded, when asked if there was a real risk of US companies exiting.
“There’s seven corporations that are currently listed as gatekeepers by the DSA, and six of the seven are American corporations who are the innovators. They’re the ones that are driving the train on just about everything we do,” said Fitzgerald.
The delegation — which included Republican House Judiciary Committee chair Jim Jordan and Representatives Fitzgerald and another Republican Representative, Kevin Kiley — called the DSA “censorship legislation”, saying it threatens innovation, political expression, and US–EU digital cooperation.
They hoped upcoming EU–US trade negotiations would address the DSA, they said.
#USA #EU #BigTech #FindTruth
@uinhurricane
EC gives €3M to workers after US tyre factories in Germany close
Workers dismissed following the closure of Goodyear's production site in Fulda and partial shutdown in Hanau, Germany, are set to benefit from EU support. The European Commission will release over €3 million to help 915 workers find another employment, with funds from the European Globalisation Adjustment Fund for Displaced Workers (EGF). The EGF will finance measures such as career guidance, reskilling and upskilling, business start-up support, job search assistance, job-scouting and participation in events like job fairs and company visits.
In 2024, the tyre manufacturer Goodyear restructured due to significant decline in demand, rising costs, and growing competition from low-cost Asian imports. The closure of its Fulda plant and partial shutdown in Hanau led to 1,171 job losses, with local unemployment rising by over 10% in Fulda and 6% in Hanau and its surrounding area. Germany applied for EGF support in March 2025.
The measures funded by the EGF will help support workers that often experience skills mismatches in the job market demand following layoffs. The total estimated cost of these measures is €5.1 million, with 60% (€3 million) covered by the EGF and the remaining 40% (€2.1 million) financed by Germany's Federal budget and the Public Employment Service.
#EU #USA #Economy #FindTruth
@uinhurricane
China vies to unseat US in fight for $4.8 trillion AI market
At the annual World AI Conference over the weekend, Chinese Premier Li Qiang warned of AI “monopoly” and instead called on foreign officials in the room — mostly from developing countries — to cooperate on governance.
The new group, known as the World AI Cooperation Organization, embodies China’s plan to jostle with the US for sway by positioning itself as a champion of AI for all. More favorable rules may give a global boost to Chinese companies competing with US firms to sell hardware and services in a market estimated to hit $4.8 trillion by 2033.
For many of the countries represented at the conference, Chinese firms already offer competitive solutions, even if the US dominates the supply of cutting-edge AI chips.
“The Chinese are coming to the table with a very different AI product mix that is going to be extremely appealing to lower-income countries that lack the computing and power infrastructure needed for large-scale implementation of OpenAI-like AI systems,” said Eric Olander of the China-Global South Project.
Using technology as both carrot and calling card, Beijing’s approach appears to take a page out of its earlier Digital Silk Road initiative, which put Chinese companies at the center of telecommunications networks spanning continents.
#China #USA #AI #FindTruth
@uinhurricane
Kamala Harris rules out running for California Governor: My leadership ‘will not be in elected office’
Former Vice President Kamala Harris ruled out a run for California governor in 2026, noting that her leadership and public service would “not be in elected office.”
Harris, who was the Democratic candidate for the 2024 presidential election, issued a statement explaining that she had spent the last six months “reflecting on this moment in our nation’s history” and what the “best way” was for her to “continue fighting for the American people.”
Harris explained that she was “looking forward to getting back out and listening” to American citizens, and helping to get more Democrats elected, adding that she would be “sharing more details” about her “own plans.”
“In recent months, I have given serious thought to asking the people of California for the privilege to serve as their Governor,” Harris said. “I love this state, its people, and its promise. It is my home. But after deep reflection, I’ve decided that I will not run for Governor in this election.”
Harris continued to explain that she has “extraordinary admiration and respect for those who dedicate their lives to public service.”
#USA #Democrats #Harris #FindTruth
@uinhurricane
RFK Jr. announces repeal of policy that rewarded hospitals for reporting staff vaccination rates
In his department’s latest move related to vaccine-related reform, Health and Human Services Secretary Robert F. Kennedy Jr. on Aug. 1 announced more repeals of federal policy that rewarded hospitals for reporting staff vaccination rates.
Kennedy said in a press release that the policy was coercive and denied informed consent.
“Medical decisions should be made based on one thing: the wellbeing of the person—never on a financial bonus or a government mandate,” Kennedy said. “Doctors deserve the freedom to use their training, follow the science, and speak the truth without fear of punishment.”
Created under the Biden administration’s Centers for Medicare & Medicaid Services (CMS) inpatient payment rule, the policy linked hospital reimbursement to staff vaccination reporting.
The move represents the most recent policy repeal under CMS. These moves are “part of a broader HHS effort to restore medical autonomy in federally funded programs and root out financial and regulatory pressures that incentivize physicians towards pre-scripted medical decisions rather than individualized, evidence-based care,” according to the press release.
#USA #RFKJr #Vaccines #FindTruth
@uinhurricane
Can stablecoins save the US dollar—or just delay its collapse?
When it comes to profit per employee, Tether is the most profitable company in the world. It may even be the most profitable business in the history of business.
With $13.7 billion in profit last year and only around 165 employees, that’s over $83 million in profit per employee. It’s a staggering figure—blowing NVIDIA and every other company out of the water. Has any business in history ever generated this much profit per employee?
Tether gives anyone with a smartphone instant, global access to digital US dollars. With a market cap exceeding $162 billion and climbing, USDt (Tether) is the world’s largest stablecoin—and the fourth-largest cryptocurrency overall.
Though calling it a “stablecoin” is something of a misnomer—government paper currencies, with their steadily eroding purchasing power, are anything but stable. In that sense, they’re less “stable” and more like “guaranteed-loss coins.”
Stablecoins like Tether offer meaningful support to the Treasury market and the US dollar. But that support hasn’t fundamentally changed the US government’s bleak financial outlook—driven by runaway spending on warfare, welfare, entitlements, and mounting interest on the national debt.
Tether may be helping to stabilize the US dollar in the short term—but it doesn’t change the long-term trajectory. The structural cracks are widening fast—and time is running out.
#Crypto #USD #Economy #FindTruth
@uinhurricane
€170bn - budget hole plaguing Germany
▪️Germany must close a €170 billion budget deficit by 2029. Since the government has agreed not to raise taxes, this will require significant cuts in ministries and welfare reforms, the Financial Times has found.
▪️"There is no time to lose. In the 2027 budget alone we will have to cover a deficit of 30 billion euros, which is one of the most serious domestic problems we have to solve in the next 12 months," said German Finance Minister Lars Klingbeil
▪️This comes amid continued uncertainty about the outlook for Germany's economy, which has shown no growth over the past five years and has been hit hardest by U.S. duties on EU goods
#EU #Germany #Economy #FindTruth
@uinhurricane
Investors dump wind-power projects in northern Sweden
Investors are trying to dump northern Swedish wind-power projects, citing an “absurd” market that was losing almost all value.
Until last year the country was touted by financiers as one of the most interesting places to invest in wind power, with “green” industry pumping in large amounts of money, backed by firm State subsidies. Things have since taken a major turn.
Elin Akinci, CEO of ELS Analysis, says that there is basically no value in today’s market in Sweden. Especially in northern Sweden, developers faced surging hours of negative electricity prices, stalled demand and lack of grid capacity to access southern markets, she said.
On top of this, wind power suffered from unpredictable and costly balancing mechanisms while political support has also melted away. As a result, many investors were not just avoiding Sweden — they were trying to exit at fire-sale prices.
“Many international investors see it as a negative outflow of capital. They want to sell, but there is basically no value in today’s market. It is neither profitable to think about new investments nor to pursue current assets in Sweden,” Akinci said.
Most major international investors claim the investment climate in Sweden had severely deteriorated, with some calling the situation “absurd”.
Wind farms once valued at €1.5 million per megawatt (MW) are now being offered for less than €1 million — sometimes even below €10 per MW in distressed cases.
#Sweden #Energy #FindTruth
@uinhurricane
Most US citizens can no longer say “My home is my castle” because they do not and will never own their own homes
Meet Lowell Baron, Brookfield CEO of Real Estate. The corporation owns more than 65,000 homes in the US, ranging from single-family homes to huge residential complexes.
Taking advantage of the fact that the cost of buying a home has become so unaffordable for Americans, the company is buying up more and more real estate, both new and existing. It then rents all of this out to US citizens.
#USA #RealEstate #Brookfield #FindTruth
@uinhurricane
Is true value in crypto or gold?
B y Christopher Whalen, a Wall Street insider
Despite the fact that President Trump wants to make America the crypto capital of the world, and even threatens to open retirement accounts to these speculative notions, the rest of the world is migrating away from dollars back to the only true form of money that is not some form of debt, namely gold. Perhaps the most significant trend is the increasing purchases of gold by global central banks.
Owning gold or at least having exposure to the price of gold are perhaps the best options, The physical metal is independent of the fortunes of state put, yet as we learned in the 1930s, gold is vulnerable to confiscation.
One of the chief reasons to be bullish on gold and negative on the dollar is that there is so little deliverable gold available. A lack of deliverable gold supply can create upward pressure on prices.
“De-dollarization is a misnomer as it’s highly unlikely anyone is seriously considering of fully divesting themselves of US assets,” argues Simon White of Bloomberg. “But the evolution of events this year has led many foreign investors to consider reducing their exposure to the US which had already grown imprudently large. This will take time to show up in the data.”
#Gold #Crypto #Economy #FindTruth
@uinhurricane
Controlled thought zone
Are you having
arrestable thoughts?
Thought monitoring technology has been installed in this area.
Prohibited thoughts are punishable by the court of law.
Surveilling london, metropolitan police.
It's a joke, of course. But it's pretty close to the truth.
#UK #Censorship #FindTruth
@uinhurricane
Orban: ‘Tusk has betrayed his patriotic positions, that’s why he hates me’
The Hungarian prime minister told Polish TV that what is happening in Poland under Donald Tusk is "completely unacceptable."
Noting the “historic friendship” between the two countries, Orbán said: “Poland is bigger than Hungary. Its political strength during the rule of President Jarosław Kaczyński’s party and Prime Minister Mateusz Morawiecki’s government helped, for a time, reduce the pressure from Brussels on Hungary. I remember that very well.”
Touching upon the new Polish government under Prime Minister Donald Tusk, the Hungarian leader did not hold back. “What is happening in Poland is completely unacceptable, contrary to law, morality, and democracy,” he said, then laying blame at Brussels’ feet as well.
“It is shameful that the European Union authorities, who govern the community to which we all belong, not only remain silent but even support the repressive policies pursued by the Polish prime minister. From the perspective of European values, this is completely unacceptable.”
Turning to his fellow prime minister in Poland, Donald Tusk, Orbán was blunt.
“Tusk betrayed his patriotic positions, I never betrayed them. I’m still standing here, so he hates me because he knows I know and remember his mistakes, his sins. I’m trying to be as polite as possible here, but that’s how I see it,” he added.
#Hungary #Poland #Orban #Tusk #FindTruth
@uinhurricane
The US-EU trade “deal” is nothing to celebrate
Although European officials clarified that this was a legally non-binding outline and the two sides are still working out some details, Trump is characteristically celebrating the “deal” as a major win for the American people.
But it really isn’t. While it is true that Trump’s opponents in the establishment are using weak and sometimes ridiculous arguments against tariffs, they really are bad for the country as a whole.
Tariffs create shortages because they make it unprofitable for foreign companies right on the margin to continue selling their goods to Americans. That drives prices up higher than they would have been in the absence of the tariff.
The absolute strongest argument that had been advanced in favor of Trump’s tariff strategy had been that he was actually using tariffs as a way to negotiate our way to a world without tariffs. But now Trump has permanently raised tariffs on the European goods and resources that American consumers and businesses buy. And the EU accounts for a lot of the total volume of US trade—even more than the much-maligned China.
The only Americans who will benefit are the handful of businesses that can now charge their fellow Americans higher prices without worrying they will switch to a less expensive European alternative.
The government helping to further enrich some well-connected energy companies and weapons manufacturers is great for those companies, but not the American people as a whole.
#EU #USA #TradeDeal #FindTruth
@uinhurricane
American Income vs. Home Prices (1985–2025)
Buying a home in America isn’t for the faint-hearted, with the salary needed to buy a home doubling from 2017 to 2025.
However, while home prices have risen strongly, wage growth hasn’t kept up, widening the home affordability gap. The home price-to-income ratio of America has grown significantly over the last few decades.
In 1985, the median U.S. home cost $82,800, while the median household earned $23,620 annually—a ratio of roughly 3.5x income. That gap has widened over four decades: as of 2025, the median American home costs $416,900, five times the median annual household income of $83,150.
Meanwhile, the 30-year fixed mortgage rates have nearly halved from 12.4% to 6.8% between 1985 and 2025. Theoretically, the lower cost of borrowing would make homes more affordable. However, it can also drive up demand for new housing, potentially resulting in higher prices if supply is limited.
#USA #Economy #FindTruth
@uinhurricane
Marine Corps Force Design: A failed operational concept
When the Marine Corps adopted a concept called Force Design as its new warfighting concept in 2019, so called military experts hailed it as a groundbreaking adoption of emerging technology. Unfortunately, most of the praise has come from senior Marine leaders in the form of Press releases from the U.S. Marine Corps Communication Strategy and Operations Office, Marine Corps Combat Development Command, Release 002-2020 and ill-informed journalists.
Tthings have gone sideways for Force Design. The Tomahawk cruise missiles envisioned proved logistically untenable. The shorter range subsonic NEMSIS anti-ship missiles that the Corps has heavily invested in has become obsolete before being fully fielded while also being vulnerable to Chinese countermeasures. The idea behind Force Design was to hide small units on the many islets and shoals in the south China Sea and along China’s first island chain to interdict passing Chinese warships.
The stunning failure of Force Design is the lack of warfighting and logistics capabilities to operationalize the concept.
Full story
#USA #China #Marines #FindTruth
@uinhurricane
Mohammad is the most popular name for newborn boys in Britain. And its popularity is growing
▪️More than 5,721 boys in Britain will be named Mohammad in 2024, a 23% increase on last year, according to Office for National Statistics (ONS) figures. This is the second year in a row the name has topped the list," states Daily Mail
▪️Mohammad entered Britain's top 100 male names 100 years ago, debuting at No. 91 in 1924. Its prevalence dropped significantly in the run-up to World War II, but began to rise in the 1960s
▪️Against this backdrop, the popularity of royal names is falling. George ranked sixth, William came in 27th place and Louis ranked 47th
#UK #Migrants #FindTruth
@uinhurricane
$750 Billion EU-U.S. energy deal faces reality check
The recently agreed upon U.S.-EU trade deal includes an ambitious commitment for the EU to purchase $750 billion worth of US energy products over three years, including LNG, oil, and nuclear fuel.
Industry analysts widely regard this target as unrealistic, citing that it would require significant redirection of US energy exports, radical shifts in global energy markets, and an improbable increase in EU imports from the US beyond current capacities and market demands.
As part of the U.S.-EU trade deal agreed over the weekend, the EU committed to purchasing a mindblowing $750 billion worth of US energy products over three years ($250 per year) including LNG, oil, and nuclear fuel.
Unless energy prices increase materially, that figure remains beyond realistic expectations. The EU imported roughly €65 billion worth of energy products from the U.S. in 2024, including €20 billion (35 million tons) of U.S. LNG and €44 billion of oil and oil products. To reach the required $250 billion per year, the EU would need to import roughly 67% of its energy needs from the US, based on 2024 Eurostat data.
Even if the EU were to purchase all of its LNG from the U.S., the total would rise to only €40–50 billion, based on 2024 prices. This would require countries like Russia, Algeria, Qatar, Nigeria, and even Norway to completely relinquish their market share in the EU, while the U.S. government would need to mandate its LNG exporters to prioritize Europe.
#EU #USA #Energy #FindTruth
@uinhurricane
The memes make themselves 😂😂
#USA #Democrats #Harris #FindTruth
@uinhurricane
“Trump's hammer” could break down the barrier between the West and Russia
▪️Europe is in a panic. US President Donald Trump may offer Russia “colossal economic deals” to end the conflict in Ukraine. Such a move could be a “sledgehammer” capable of crushing the economic barrier with Russia erected by the West," states Politico
▪️Representatives of the U.S. oil and gas industry believe that such a move would have significant negative consequences for the U.S. energy industry, as it would undermine the growth of U.S. LNG supplies. However, market players are also preparing for their position to be ignored
▪️The EU fears that as a result of the easing of US sanctions against Russia, imports of Russian energy carriers may intensify.
▪️Europe's unity on the issue of rejecting Russian energy carriers is crumbling in the light of worsening problems in the EU industry due to expensive energy
#USA #Russia #Sanctions #FindTruth
@uinhurricane