Sevens Report Co-Editor Questions Validity of $750B US-EU Energy Deal
Tyler Richey says headline figure may rely on “financial engineering”
The E.U. to buy $750 billion of U.S. energy products. Why that’s ‘absurd.’
The European Union’s plan to buy $750 billion worth of U.S. energy products raised eyebrows this week, with Sevens Report Research co-editor Tyler Richey calling the figure “absurd” without major assumptions baked in.
“If there are plans to more rapidly expand Europe’s nuclear power capacity by utilizing U.S.-based companies… then there could be a case made,” Richey told MarketWatch.
But that would require “financial engineering,” he added, and the three-year timeline would likely leave the real value of the deal carrying an asterisk.
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