Europe's Energy Sector in Crisis - crazy prices and no clear heading !


In 2021, compared with the previous year, natural gas prices in Europe increased by a factor of roughly 4 - that means 300% !



And on the coal side it's the same story: huge price increases.....




...and what does this mean for Europe ? INFLATION and falling real incomes, unfortunately.

No doubt a time to rethink the "green deal" and its feasibility in the worldwide context of rising coal use in China and India.