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

Explore episode Jun 24, 2026

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Is the US Deliberately Undermining European Energy?

At 22:38 · chapter starts 21:40

Alastair Campbell frames the geopolitical question bluntly: is Trump deliberately trying to keep Europe dependent on American LNG? Jørgensen won't attribute motive, but the facts speak for themselves: 2025 was forecast to be a year of global oil surplus; the Middle East crisis tipped it to a deficit; and the White House runs a body called the American Energy Dominance Council with fossil energy dominance as an explicit objective. His counter-intuitive argument is that Trump's withdrawal from green investment may actually help Europe attract institutional capital — money originally destined for US renewables may now flow to Europe instead. He also dismisses the idea that Europeans are looking to Trump as a political role model: his influence in Europe is indirect, via LNG trade flows and geopolitics, not ideological emulation.

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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