The EU’s ‘Fit for 55,’ ‘Farm to Fork’ and the…

Europeans are presently being told that the energy crisis they are entering, with natural gas prices now four times higher than last year, stems from a longer winter, competition with East Asian countries for gas, and problems on the supply end with delayed maintenance and less investment. These gas prices are in turn determining the price in electricity markets, since 1/5 of Europe’s electricity comes from natural gas. [This article was originally published on February 23, 2022.]

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