Energy, particularly cheap energy, is the backbone of any economy. The more expensive the energy, the more expensive the output of goods in an industrial economy. For that reason, energy policy should be a priority for decision-makers everywhere. However, when it comes to the European countries, we witness an erratic decision-making process and priorities that are often based on wishful thinking, not hard facts. Such a process has led to the decommissioning of traditional, reliable and robust ways of providing energy, like coal and nuclear, in favor of more “green” alternatives, such as wind and solar. Although admirable in theory, these practices have led to increased reliance on natural gas as a way to ease the energy transition. Europe has traditionally had one main supplier, Russia, gas who has been interrupted due to the recent war in Ukraine and resulting economic and political sanctions. Faced with half-empty gas storage facilities and a looming winter, the European nations have scrambled to fill them by any means necessary, with varying results. As a result, Europeans are being introduced to the term “rolling blackout” for the first time since World War 2 and mandatory energy cuts by 10-15% across the European Union member states. This paper aims to explain how a once prosperous continent is heading towards energy poverty and the consequences of that going forward.