Europe Burns $28B With No Extra Energy as Crisis Deepens

Faced with the second energy crisis this decade, the European Union aims to reduce dependence on natural gas, coordinate gasoline, diesel, and jet fuel supplies, and accelerate renewable energy capacity installations. The European Commission on Wednesday unveiled proposals aimed at protecting Europeans from the fossil energy crisis and accelerating the shift to clean, homegrown energy. “For the second time in less than five years, Europeans are paying the price of Europe's dependency on imported fossil fuels,” the Commission says. The…