BTU - Biden to announce joint action on European energy security later this week

President Biden is set to travel to Europe later this week, where he plans to announce a joint action on enhancing European energy security, according to national security adviser Jake Sullivan. In the very near term, there's little the US can do to increase energy supplies to Europe; US LNG exports are running flat out (LNG), oil is in short supply (USO), and additional coal is unlikely to be the focus of a coordinated US / European effort. Over the medium term, a joint statement could point to additional LNG supplies, and Tellurian (TELL) would be an obvious beneficiary of improved US / Euro natural gas trade. Commentary on nuclear energy could be in the cards, and a pivot away from Russian uranium feedstocks could provide a tailwind for Cameco (CCJ) and Sprott (OTCPK:SRUUF). Any plans to formally sanction Russian energy would benefit almost all energy companies globally; however, if

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Biden to announce joint action on European energy security later this week