Energy shortages are spreading throughout the European Union. Even Hungary who has adopted a politically friendly stance towards Russia is not being spared. There are reports of looming gasoline shortages.
Shortages spreading in EU.
Hungarian gas and oil giant MOL will only be able to deliver 25 percent of the needed fuel from 19 September, Hungarian media reported.
Ht @BankerWeimar pic.twitter.com/PPoUKDNsZ2
— Wall Street Silver (@WallStreetSilv) September 19, 2022
At least Hungary with Viktor Orban has a leader who is trying to represent their interests. He’s been calling a spade a spade on the energy issue.
Hungary’s prime minister Viktor Orban explained in a social media post on Saturday that “Europe has run out of energy.” #Inflation #Economics https://t.co/My4QTyo3SS
— Bitcoin News (@BTCTN) September 11, 2022
This is undoubtedly why the European Union has chosen to punish Hungary.
Either way, what we are seeing a now is just a precursor to much more pain throughout Europe. This winter is going to be bad.
