This was clear from the very beginning, all analysts said that (including those from Kpler). Neither US exports nor EU demand can support the envisioned 750 billion over three years by any reasonably expected scenario.
During his first term as US president, Trump also made an energy deal with China that was similarly delusional. I don’t remember the numbers, but in the end China bought a small fraction of what was initially ‘agreed’ upon. Also back then, it was clear that China would never have the required demand to live up to the agreement. These things are more political theatre to celebrate a deal than anything else imo.
It was pretty well known that the deal would not happen as Trump imagined. However the EU is replacing Russian fossil fuels and some of that with US ones. So it was not obvious that we would see a decline for US fossil fuel revenues from the EU.
Yes, but we must also see that the volume of energy imports from the US is slightly higher in Q3/2025 compared to Q3/2024. The revenue decline is primarily due to a decrease in prices.
To paraphrase Machiavelli, if no one can tell you the truth, you are never safe from flattery. I don’t think that’s ever been more relevant than with Donald Daffodil. You tell him he’s a super genius who’s just won the biggest and most beautiful deal ever, and he’ll happily be distracted by the next thing.
And luckily for the EU, the current administration is so filled with incompetents, that it’s genuinely mitigating much of the damage they would otherwise have caused.
This was clear from the very beginning, all analysts said that (including those from Kpler). Neither US exports nor EU demand can support the envisioned 750 billion over three years by any reasonably expected scenario.
During his first term as US president, Trump also made an energy deal with China that was similarly delusional. I don’t remember the numbers, but in the end China bought a small fraction of what was initially ‘agreed’ upon. Also back then, it was clear that China would never have the required demand to live up to the agreement. These things are more political theatre to celebrate a deal than anything else imo.
It was pretty well known that the deal would not happen as Trump imagined. However the EU is replacing Russian fossil fuels and some of that with US ones. So it was not obvious that we would see a decline for US fossil fuel revenues from the EU.
Yes, but we must also see that the volume of energy imports from the US is slightly higher in Q3/2025 compared to Q3/2024. The revenue decline is primarily due to a decrease in prices.
But I agree, it was clearly foreseeable from the very beginning. Here is a more comprehensive data if interested: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=EU_imports_of_energy_products_-_latest_developments
To paraphrase Machiavelli, if no one can tell you the truth, you are never safe from flattery. I don’t think that’s ever been more relevant than with Donald Daffodil. You tell him he’s a super genius who’s just won the biggest and most beautiful deal ever, and he’ll happily be distracted by the next thing.
And luckily for the EU, the current administration is so filled with incompetents, that it’s genuinely mitigating much of the damage they would otherwise have caused.