By Eric Zuesse
Eric's Substack
June 1, 2026
At first, Europe was doing this by replacing its lowest-cost source of energy, Russia, by America, which is over twice as expensive. (Instead of relying mainly on natural gas pipelined-in from Russia, they now are relying mainly on liquefied natural gas - LNG - that's compressed, canned, and cross-Atlantic-shipped, and then sent by rail or truck, all from America's Gulf Coast ports, 3,000+ miles away.) But, now, Europe's leaders are determined to replace also their cheapest sources of manufactured goods, China, by, instead, America, which is economically uncompetitive with China.