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Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a "catastrophic" economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child's play.Zero HedgeGazprom Halts Gas Shipments To Europe Via Critical Pipelinehttps://www.zerohedge.com/energy/gazprom-halts-gas-shipments-europe-critical-pipeline
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Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a "catastrophic" economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child's play.Zero HedgeGazprom Halts Gas Shipments To Europe Via Critical Pipelinehttps://www.zerohedge.com/energy/gazprom-halts-gas-shipments-europe-critical-pipeline
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Mike Norman considers the following as important:
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Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a "catastrophic" economic crisis as energy prices soar, leading to rationing, blackouts and other measures that will make the 1970s oil crisis in the US look like child's play.Zero Hedge
Gazprom Halts Gas Shipments To Europe Via Critical Pipeline
https://www.zerohedge.com/energy/gazprom-halts-gas-shipments-europe-critical-pipeline