Economics/Class Relations

Europe’s Natural Gas Challenge

By Peter Zeihan on September 8, 2022

I have admittedly been taking a break from presenting an update on Europe’s energy future, and not just to hike into the wilderness. There are certainly a lot of balls up in the air right now, and we’re seeing policy and supply changes from week to week. But while we don’t know yet what–if any–“fixes” are in the future for Germany and its neighbors, we know where the shortfalls are.

But first, the good news: Germany’s energy storage is 70-80% full. Industrial and residential users are looking to see where they can voluntarily cut back usage. Governments are looking to step in and help customers shoulder expected price increases. Good? Sure. Enough? Ehh…

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