Euro Energy Markets Blowing Up

Climate Denial Crock of the Week

How many times have we had to learn this lesson? Relying on bad actors for fossil fuels which can be turned off, held up, or embargoed is a lousy idea.

Mike Peters cartoon from the 70s is still relevant today.

Bloomberg:

European gas and power prices surged as panic over Russian supplies gripped markets and politicians warned citizens to brace for a tough winter ahead.

Benchmark gas settled at a record high, while German power surged to above 700 euros ($696) a megawatt-hour for the first time. Russia said it will stop itskey Nord Streamgas pipeline for three days of repairs on Aug. 31, again raising concerns it won’t return after the work. Europe has been on tenterhooks about shipments through the link for weeks, with…

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