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Opinion

The Terrible Mistake of the European Union Energy ‘Price Cap’ Proposal

The Terrible Mistake of the European Union Energy ‘Price Cap’ Proposal
Natural gas pipes built with a 3D printer are displayed over Russian and European Union flags in this illustration taken Jan. 31, 2022. Reuters/Dado Ruvic
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Commentary
Only 15 years ago, the European Union produced more natural gas than Russia exported, according to the EIA. Repeating past mistakes and maintaining a failed energetic interventionist policy would only worsen what is already a structural disaster.
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