GoKawiilEU's Decades-Long Energy Efficiency Push Cushions Hormuz Shock
Since the Strait of Hormuz closure sent Brent crude up 58% year-on-year, the European Commission has only trimmed its 2026 growth forecast from 1.5% to 1.1%, with unemployment steady near 6%. That resilience stems from a structural shift: Russian gas has dropped from 45% to 12% of EU imports while US LNG now supplies two-thirds of Europe's gas, backed by $750 billion in commitments through 2028, and EU output uses 44% less energy per euro than in 1995.