RoadAmerica
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It’s a bit rich I should feel sorry for the Europeans marching themselves down this road. I saw gas as a leverage 10 years ago and im just a random joe but the decision makers in Europe couldn’t figure this out????It is far worse than is being reported here. The EU states that over 41% of its gas comes from Russia, the second supplier Norway already at maximum capacity is 16%, for crude oil it's even higher from Russia. If Russia stops supplying Europe some predictions are for the wholesale price of gas to quadruple. The shortfall cannot be made up and people will not be able to heat their homes this Winter. Pricing people out of the market will reduce demand, but it's the poor who will suffer, and not the political elites. America has its own gas oil fields so it’s a bit rich lecturing us here in EU to swallow it and not complain about higher costs
Unfortunately all signs point to corruption so it’s past time Europe cleans up the mess they backed themselves into.
I can’t feel bad for a 40% increase, it looks like it needed to happen to wake the people up.