European Natural Gas Prices Are 6 Times Higher Than Last Year, And This Is Sparking Widespread Civil Unrest All Over Europe
This is going to be a bitterly cold winter for a whole lot of people. In particular, things are likely to get really uncomfortable in Europe. Soaring energy prices and concern about potential shortages are causing anxiety all over the continent, and widespread protests have already started to take place. The cost of living has become extremely painful for those on the bottom of the economic food chain, and people want their governments to do something. Of course this is what always happens when nations embrace socialism. There is an expectation that those in charge will solve any and every problem, but this time around the limitations of the socialists running Europe will become very clear.
Thanks to the war in Ukraine and a number of other factors, the price of natural gas in Europe is now approximately six times higher than it was last year…
European natural gas prices are taking a breather amid further signs that soaring energy costs are crippling economic output, heaping pressure on politicians to resolve the crisis with winter just a few months away.
Benchmark futures retreated after settling at a record high on Monday. Prices are still about six times higher than they were at this time last year, with the panic spreading across nations ahead of peak winter demand.
Needless to say, many in Europe are being completely stunned by the size of their energy bills, and a massive backlash has been brewing.
In fact, we are already starting to see very large protests in a number of different countries…
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