Our Future: Europe’s Gas Prices Surge 800% in a Year

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Europe’s gas prices have surged by more than 800% this year, sparking serious concerns about inflation and energy poverty this winter.

Russia said on Wednesday it was increasing supplies, providing some relief to markets.

The Russkies have Europe under their control, yet Biden approved the pipeline to Russia but canceled ours. Biden is a traitor.

From the Irish Examiner

Russia warned Europe that their preference for more flexible spot market dealings over the kind of long-term supply contracts favored by Gazprom, has left volumes and prices vulnerable.

“Currently, the European spot market shows a high price volatility and is disorienting both buyers and sellers, [this] brings risks of destabilizing the entire regional economy,” the head of Gazprom Export Elena Burmistrova said.

“The European spot market only reflects the current state of demand and supply but is not the pricing tool which provides a long-term balance.”

Gazprom’s traditional oil-linked contracts come with a price lag, staying at a higher price for a prolonged period of time after spot oil prices ease but also at a lower price in times of soaring prices.

Ms. Burmistrova reiterated that Gazprom was meeting its obligations under long-term contracts…

…Record high energy prices in the UK and in Spain have already caused some industrial companies, such as steelmakers and fertilizer plants, to curtail production and even led to warnings of food shortages this winter.

Biden’s comrades in the White House know this will happen to the US. They need to immediately restore our pipelines and prevent this from happening here. As long as the Great Resetters continue to destroy the fossil fuel energy sector, this will continue to get worse.


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PanamaPat
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PanamaPat
2 years ago

The Europeans are getting the screwing they voted for. I read the Mulslim invaders get free heating

PanamaPat
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PanamaPat
2 years ago

Every action taken by the Obiden Administration has been to destroy the US economy and our credibility in world affairs. This should not be a surprise as we have an illegitimate administration which was placed in office by a massive conspiracy mastermined by the CCP and implemented by their hordes of agents and fellow travellers masquerading as the Democratic Party. This will continue until they are removed from power and annihilated as traitors.

GuvGeek
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GuvGeek
2 years ago

Even the Europeans have now realized that Traitor Joe is dangerous to the World.

The Prisoner
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The Prisoner
2 years ago

Biden has taken no action of any significance which does not hurt the USA. That is not a accident. Restoring the pipeline is impossible. (And I do not hear a word from China Mitch on it.) The senile crook pervert got what he wanted, the presidency, all he cares about is maintaining his goal. Many ignorant US voters do not vote based on the well being of the nation.

Russia’s contributions to the world energy market help to stabilize the market. The main contribution to instability is the USA. We spent billions on projects Biden canceled, there is a ripple effect in our economy. Our demand for imports has increased a lot. I do not see a case against Russia for causing any problems in the energy supply. And, Europe’s leftwing leadership is hopeless.

Trotsky's Icepicks
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Trotsky's Icepicks
2 years ago

The crony capitalists will love it.
Sitting pretty in nannygov’s lap with a too big to fail or jail rating like a third world banana republic.
Watch out for those external enemies who have zero love for useful idiots.