The Energy Report: Europe Surging – Investing.com

  • Date: 22-Dec-2021
  • Source: Investing.com
  • Sector:Oil & Gas
  • Country:Gulf
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The Energy Report: Europe Surging – Investing.com

Chestnuts roasting on an open fire might be Europeans' best chance to stay warm. Europe is hoping for coal in its stocking as cold temperatures across the continent unmask its poorly planned and short-sighted energy transition.

As New York is now banning in new buildings, it is obvious that it is not learning from this European energy tragedy that is putting lives at risk and is leaving the entire continent vulnerable from an economic and geopolitical situation.

Reuters reports that European gas prices hit on Tuesday after Russian shipments to Germany via a major transit pipeline reversed direction, a move the Kremlin said had no political backdrop.