You are currently viewing Without New Uranium Mines, U.S. Runs Risk Of European-Style Reliance On Russian Energy

Without New Uranium Mines, U.S. Runs Risk Of European-Style Reliance On Russian Energy

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Europe’s fragile markets vulnerable to Russian interruption may soon be uncomfortably similar to the American power grid if policymakers aren’t careful about pushing a low-carbon future.

With a third of European and more than 40 percent of its gas provided by , President has threatened to shut off the lights across Europe in an effort to counter western sanctions imposed in retaliation for the Kremlin invasion of , demanding payment in Rubles instead of Euros.

“If such payments are not made, we will consider this a default on the part of buyers — with all the ensuing consequences,” Putin warned. “Nobody sells us anything for free, and we are not going to do charity, either. That is, existing contracts will be stopped.”

The deadline came and went, with Russian gas still flowing after European leaders called Putin’s bluff. The cold reality of European reliance on

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