Europe is addicted to American energy
There is no member of the Trump administration with greater clarity of thought than Energy Secretary Chris Wright. While opponents rage at Trump’s climate policy, Wright gave a speech to the International Energy Agency this week in which he explained the rationale behind America’s sharp deviation from Europe. In the minds of many people, the world is in the midst of a vast, unstoppable green energy revolution. The age of fossil fuels is over, they assert, leaving behind vast subterranean vats of “stranded assets.” In its place, the world is adopting wind and solar power at breakneck speed. They cite huge investments by China, whose own ventures into renewable energy dwarf those by Europe.