Part 5/8:
While the U.S. energy sector is feeling the strain, Europe is not immune from the looming crisis. With dwindling gas supplies exacerbated by pipeline disruptions—namely, the shutdown of essential routes such as the Yamal and Nord Stream pipelines—the European Union faces a grim energy outlook. As energy reserves are draining rapidly with winter approaching, economies heavily reliant on Russian gas will soon feel the pinch.
The precarious situation is evident as EU gas storage levels plummet from last year's nearly 90% to around 75%. If winter sees a collapse of energy flows, industrial economies like Germany could face severe deindustrialization, a phenomenon already underway.