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Get ready to learn to walk!
RT:
European natural gas prices spiked above $2,200 per 1,000 cubic meters on Wednesday for the first time in market history. The escalating crisis between Russia and Ukraine has raised fears of supply shortages.
The April futures at the TTF hub in the Netherlands soared from around $1,500 to $2,226 per 1,000 cubic meters, or $213 per megawatt-hour in household terms by 09:30 GMT, hitting an all-time high, data from the London ICE exchange shows.
The spike in prices follows sanctions placed on Russia by a number of Western states amid Moscow’s military operation in Ukraine.
This is natural gas that is used for electricity, of course.
But the entire energy sector is linked together.
When the US delivers the rest of the sanctions, the estimate seems to be that gasoline for your car will be $9 a gallon. But it could be worse.
There’s not really a limit on how high prices could go, and the Biden people have made it clear that the only thing they care about is changing the weather. Even if they completely reversed that policy and decided to reopen the coal mines and gas pipelines, it would take years, and by the time it was finished, the empire already would have collapsed.
They don’t really appear to have any plan.
