The EU's energy ministers will meet on Friday to discuss emergency measures to protect consumers and businesses from exorbitant gas and electricity prices. Now, it is clear that the U.S. can't solve Europe's energy crisis.
Europe is approaching the most perilous territory yet in its quest to disassociate itself off Russian energy — and the United States can only offer limited assistance, at least for the time being.
Why it matters: The West's reaction to Russia's attacks of Ukraine has shook the global energy commerce at a scale and speed unobserved in decades.
The implications for Europe are at an all-time high. Consumer prices are rising, and Europe's energy-hungry industries are already struggling and reducing output.
Driving the news: President Biden made a pledge that the United States would send more natural gas to the European Union in an effort to extricate Western allies off Russian supplies.
And it has, however the two areas encounter physical restrictions...