According to the German "Munich Messenger" website on October 7, German Vice Prime Minister and Minister of Economic and Climate Protection Robert Habeck made extremely sharp criticisms of some natural gas suppliers. "Some countries, even friendly countries, sometimes goug prices," the Green politician said, referring to the United States' name.
German is caught in energy crisis , while US fracturing companies are profitable. Profiters who soared gas prices also include fracturing companies in the United States and Canada. These companies have made a fortune in the European energy crisis.
According to the German news TV channel website, German Bundestag Klaus Ernst believes that the German economy may become a loser in competition with the United States.
Ernst said that high energy prices in Europe are a major competitive disadvantage for German companies. He pointed out that long before the Russian-Ukrainian conflict broke out, the United States was unhappy with Germany's benefit from Russia's cheap natural gas. Now, Germany has stepped up importing expensive liquefied natural gas from the United States, mainly because American companies make profits. "Every time the United States ships a tanker of liquefied natural gas to us, it can make 200 million euros." And German companies have to deal with this "obvious competitive disadvantage."
According to the British Financial Times website, EU is urging Washington to reconsider the "discriminatory" clause in its new green legislation. EU officials are increasingly concerned that the regulations may prompt European companies to transfer production to the United States.
European Commission official Vestager said of the new U.S. Inflation Reduction Act provisions, “You should not use this method to deal with friends, this is a matter of principle. We think it is an unbalanced subsidy.” The bill provides a lot of incentives to promote the production of electric vehicles and other green technologies in the U.S.
EU officials are concerned that the policy in the Inflation Cuts Act unfairly discriminates against electric vehicles produced outside the United States, which is equivalent to violating World Trade Organization rules. They also worry that the U.S. tax relief will put the EU at a disadvantage and prompt companies to transfer production to the U.S.
Source: Reference Message
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