‘Perfect storm’ is causing Europe’s crisis in energy costs & the US is right behind

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A complex mix of forces is causing the European gas market’s unprecedented surge, creating a “perfect storm” of higher than expected demand and low supply, The Washington Examiner reports.

“We have never seen prices like this.” European Natural Gas prices are up 500% in the last year.

It means higher utility bills for customers and it’s forcing some manufacturers to halt operations. Gas pumps are running dry.

European gas prices are exploding in a historic crisis of rising gas prices while Moscow is delivering less. Europe’s dream of green energy alone will soon go up in the smoke coming from coal furnaces or people will die. The politicians don’t seem to care and are said to be asleep at the wheel.

Europe’s energy crisis is not contained to natural gas. The supply chains are disrupted and there is a shortage of truckers.

The Petrol Retailers Association (PRA), which represents independent fuel retailers accounting for 65% of all the 8,380 UK forecourts, said members had reported that 50% to 90% of pumps were dry in some areas.

All they see moving forward are higher prices.

Meanwhile, in an ominous development, US natural gas futures are starting to move in lockstep with Europe, and overnight Henry Hub topped $6/mmbtu for the first time since 2014, Zerohedge reports.

Obviously, going too green too fast will spur hyperinflation.


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7 COMMENTS

  1. Putin has a pipeline for that! (hee har)
    Will AOC zip over there on the Trans-Atlantic high speed rail? (Honk)
    It is a feature and not a bug to the CPUSA/CCP globalist traitors but isn’t any cost worth it to be rid of the mean Orange tweets? (sarc)
    Everything has to be destroyed in order to build the CCCP West back better.
    Forward! Yes we can.

  2. Even though that is bad news, I am glad I found independent sentinel…because I find here more information than reading 20 times more in the main stream media.

    today on google finance I read a few articles and nowhere did I see the information I get here on this page!

    Im glad I found independent sentinel

  3. There is a shortage of truckers in the US too. Cut off supplies to Moderates and you can change their thinking. There’s no hope for Liberals. While I watch prices in the Cities sky rocket at the Grocery, I can shop at the Farmers Market and road side stands for a whole lot less. If you raise you own cows, beef is cheap. Down here in Texas and the Deep South were we produce Oil and Gas, prices are not nearly as bad as in the Blue States. I saw a report of $6 a gallon gasoline in California. For the most part, Traitor Joe is hurting Blue State Liberal Loser Democrats, not the Red State Republican Patriots.

    If you really want to go Green then start manufacturing Green Technology in America. Manufacture it here and you might get a few Patriots onboard. I’m not interested in making the Chinese Oligarchs Rich. Why are Democrats?

    • It’s of no point any way you look at it. Liberals see this as some kind of sacrifice, I guess. Half my family votes exclusively for democrats yet claim not to be democrats. My wife claims she is impartial because she voted for a republican back in the 80’s. My son-in-law, 5% Congolese, says republicans are racists from the 60’s on. My 15 year old granddaughter despises me for being a conservative and voting for a rapist (Trump). I wonder where she got that idea. The point is we are at a political division never seen before with 24/7/365 news and social media. It is a powder keg waiting for another civil war to erupt.

  4. @ GG,

    The CCP made the CPUSA comrades rich and they view them as allies.
    Their useful idiot status won’t last long and the CCP will never welcome them into the inner party.
    All sides loathe quisling traitors who know too much about destabilization and demoralization.

  5. This growing Green Energy fiasco is the result of breaking The First Law of Wing Walking: you never let go of the strut your holding onto until you have an absolutely firm grip on the next strut.

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