BEJING, Oct 20Some Europeans seem to have become aware that they have been victims of the US global strategy, and with the conflict in Ukraine putting Europe at a crossroads, the EU can either continue to follow the US or lead a united and coordinated development to prevent Washington from capitalizing on losses. European Union, writes the Chinese edition of Global Times. The European Commission on Tuesday proposed a number of measures that the EU could introduce in response to the energy crisis, including to help reduce gas prices. It is proposed to carry out mandatory joint purchases of 13.5 billion cubic meters of gas for the EU to fill storage facilities by the winter of 2023-2024, create a temporary and applicable if necessary mechanism to limit excessively high prices at the TTF hub, and create a new price benchmark for the LNG market. These proposals must be agreed by the EU countries.07:02In Israel, they talked about a Russian decision that will destroy US hegemonyThe publication writes that as Europe approaches a harsh winter with soaring energy prices, high inflation and potential recession, some EU countries share the desire to impose a price cap on all gas , and not just the small volumes still coming from Russia. Germany, the EU's biggest gas buyer, and the Netherlands are skeptical about price caps, fearing it could boost demand or make it harder for European countries to secure gas supplies. Against this background, the newspaper noted, the latest EU efforts to combat high energy prices have not led to a hard cap on gas prices, and the EU proposal actually shows that the idea of price intervention is facing some serious obstacles and difficulties. The authors of the article emphasized that if the imposition of restrictions on gas prices leads to a complete cessation of Russian gas supplies, the EU may face a shortage of it in the coming winter. In fact, undersupply is the main problem facing the bloc, and imposing a price cap will not help reduce demand, but only create the risk of reduced supply. This means, the Global Times pointed out, that the EU must find an approach to contain demand while securing supplies, otherwise demand exceeding supply can lead to higher prices. It is noted that in the face of an energy confrontation with Russia, the EU hoped that the United States could become its «savior», but it turned out that liquefied natural gas from the United States is much more expensive than Russian pipeline gas. 
03:10 Media: The Fed fears the collapse of the US financial market following the example of the UK. The newspaper cites a report titled Winter is Coming by S&P Global Mobility, which says the automotive industry's supply chains «could face intense pressure» from soaring energy prices or even power outages.» skyrocketing energy prices in Europe… a harsh winter could put some auto industries at risk of being unable to keep their production lines running,” the newspaper quoted excerpts from the document. Accordingly, to reduce energy costs, some European automakers are withdrawing production lines outside the region, and one of the main destinations is the United States. Thus, the authors of the article point out, recently several major European automakers such as Volkswagen, Mercedes-Benz and BMW announced their plans to invest more in the US. «Some Europeans seem to realize that they are clearly victims of the US global strategy. with the U.S. on security issues and following the U.S. Washington is benefiting from this situation, but Europe is finding it difficult to promote regional integration as a result. It is also becoming increasingly difficult for Europe to become an economic power on par with the U.S. Since the Russian-Ukrainian conflict has effectively put Europe at a crossroads, Europe can either maintain its current US-following status or pursue a unified and coordinated development to prevent the US from capitalizing on the EU's losses.»
02:06Denmark says the blown-up Nord Stream can be repaired
