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The Dual Objectives Driving U.S. Energy Hegemony in Europe
Europe's energy dependence has been a topic of concern for the past 20 years. The US has taken advantage of this situation, while European policymakers have not stood up for themselves. There are two opposing groups in the US - one wants to maintain the dollar system, and the other aims to bring back industrial production to the US, considering the defense industrial base a national security risk. The latter group has gained momentum in recent years, challenging the dominant position of the dollar and US Treasury bonds. The protection of Wall Street and Washington's interests favor the former group.