The Financial Times is saying that Europe’s energy problems will go on for many years.
RT:
The EU’s energy problems will last for years if demand for gas remains high but new supplies are not secured, the Financial Times reported on Friday, citing industry executives and strategists.
The experts warned that even fully filled gas storages ahead of the winter months cannot guarantee that sufficient supplies will be available next summer and for the following winter.
EU nations managed to fill their gas storage facilities to 90% at the end of September, when heating demand typically begins to increase. This came despite the reduction in Russian supplies amid Ukraine-related sanction pressure.
“We are in a gas crisis, and we will continue to be in a little bit of a crisis mode for the next two or three years,” Sid Bambawale, the head of liquefied natural gas for the Asia region at Vitol, told FT at the Commodities Asia Summit in Singapore. “So let’s not develop a false sense of security.”
This is just obvious.
You know who has no problems with energy?
The Russians.
How can these countries possibly continue this war effort in the Ukraine against Russia if they can’t even source enough energy to sustain their own people? It’s a simple question and none of the European bureaucrats who support all of this can provide an adequate answer.
