A comparison of energy costs and provision in the US and Germany proves that America's energy strategy is the wiser.
agenda of former President Joe Biden toward a renewed embrace of oil, natural gas, and coal is strengthening the United States. Energy abundance makes America stronger, both economically and politically.
are underway to resolve the conflict. Time will tell whether those negotiations are successful. Regardless, the status of the U.S. as the world’sAct now on the Strait of Hormuz — or pay a far greater price later, today the U.S. economy is well supplied with both oil and natural gas. Prices for both commodities are substantially lower in the U.S. than they are in countries such as Germany, where policy elites made the economically disastrous decision to abandon carbon-based energy sources in favor of renewable energy. Admittedly, that price increase is significant, but economists believe that even with this sharp rise, the risk of a recession for the U.S. economy . Because of Trump’s energy policies, America is well-positioned to weather the storm of the Iran war. As for natural gas, the picture is even more grim for Germany and the rest of Europe. Since the beginning of the Iran war, natural gas prices in Germany have soared by nearly. U.S. businesses that rely on natural gas as a fuel source are experiencing slight margin pressure. In Germany, however, companies that depend on natural gas are What makes the energy crisis in Germany and across the continent even more troubling is that Germany and other European countries possess vast reserves. Yet German policymakers chose to go “green,” and now German businesses, and the broader economy, are paying the price for that misguided decision. With energy prices elevated by the Iran war, Germany’s GDP growth is expected to fall In stark contrast, the Federal Reserve has updated its forecast for 2026 economic growth. Despite spikes in oil and natural gas prices, the U.S. economy is projected to . In real terms, U.S. GDP will increase by more than $600 billion. By comparison, the German economy is expected to grow by roughlyTRUMP POSTPONES STRIKES ON IRANIAN POWER PLANTS FOR FIVE DAYS AMID PEACE TALKS because of the war. In contrast, because the U.S. is a net exporter of oil and natural gas, the domestic energy sector is expected to generate windfall profits exceeding if prices remain elevated for several months. While higher energy prices act as a consumption tax, they also generate profits that are recycled through the economy, supporting increased investment and, over time, higher levels of GDP.James Rogan is a retired foreign service officer who later worked in law and finance for over 30 years. Now he writes a daily note on markets, economics, politics, and social issues. Fairness and Justice
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AfD scores major election success in GermanyThe far-right party made big gains in its share of the vote in the western state of Rhineland-Palatinate.
Read more »
What Josh Hart thinks of Knicks coach comparing him to pivotal Warriors playerMike Brown has coached both and made the comparison.
Read more »
San Diego destroyer USS Gridley heads for South America to train with carrier NimitzThe 19-year-old destroyer has many years of serving as an escort to flattops.
Read more »
Marine vet watching news, praying for his daughter deployed on ship in USS Boxer group'The best part of my job is telling stories that yearn to be told.'
Read more »
Rescuers try to refloat a stranded humpback whale in Germany’s Baltic SeaRescue teams in northern Germany are working to refloat a humpback whale stranded in shallow water in the Baltic Sea. Experts gathered at Timmendorfer Strand beach on Tuesday after a midnight high tide failed to lift the animal free. German news agency dpa reports crews were trying to find ways to pull the whale back into deeper water.
Read more »
Families bid farewell as USS Mason heads out for deployment from Naval Station MayportSailors assigned to the USS Mason at Naval Station Mayport will set sail Tuesday on a scheduled deployment overseas.
Read more »