Expensive gas and missing refineries. European politicians awaken from the green dream

European politicians are facing challenges due to the closure of refineries and rising energy prices. Dan Jørgensen, the EU energy commissioner, emphasizes the need for more refineries as a quarter have closed in the last 20 years. The ongoing conflict in the Middle East and attacks on Russian refineries have further strained diesel supply, crucial for various sectors. With gas prices rising above 100 euros per megawatt-hour, there are concerns about a tough winter ahead. Despite previous commitments to reduce fossil fuel reliance, governments are now resorting to subsidies for fossil fuels, highlighting a paradox in energy policy. The EU is exploring ways to boost fuel production while facing long-term investment challenges.