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547. The Truth About Russian Oil, Net Zero, and North Sea Drilling

Explore episode Jun 24, 2026
Business
The American Energy Dominance Council: Europe's Energy Rival

547. The Truth About Russian Oil, Net Zero, and North Sea D… · Jun 24, 2026 Business

The White House runs a body called the American Energy Dominance Council — its mandate is not subtle. The US has shifted from net importer to net exporter of energy and has a clear interest in keeping European customers buying American LNG. Jørgensen refuses to attribute malice but acknowledges the structural conflict.

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Norway vs Denmark: Should Europe Drill for Its Own Gas?

At 21:40 · chapter starts 19:55

Rory Stewart introduces a genuine counterpoint from an allied leader: Norwegian PM Jonas Gjærstøre argues Europe is being pushed into dependence on Russia, the US, or the Middle East when Norway — a trusted partner — could supply its own fossil fuels. Jørgensen is respectful but firm: Norway is a friend, not a threat, but it charges market prices, not friendship prices. Dependence on any single supplier is strategically unhealthy. And when cheap, scalable renewable alternatives are available and cost-declining, the rational choice is to build those rather than extend fossil dependency. He cites the EU's near-90-gigawatt annual renewable deployment as evidence the alternative path is already being walked at scale.

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