Crash .

 

Russia's cuts to natural gas supplies to Europe  [European Sanction and Russian Sanctions inturn], have raised fears of a "Lehman Brothers moment" for the energy sector.

Escalating power prices have sent collateral requirements soaring for energy companies that hedge their sales in futures markets. Estimates for these margin calls top $1.5 trillion.

Kristian Ruby, secretary general of power industry at Eurelectric, told Insider. "It's the situation that's rotten that's been triggered by a targeted disrupt of the market." 

By contrast, the subprime mortgage crisis nearly two decades ago saddled banks with toxic assets. For Lehman Brothers, it triggered a bankruptcy filing after talks to arrange a rescue failed. This time the people are paying dearly for it in USA and Europe.

Britain's energy regulator announced Thursday that a cap on energy prices is going up by a record 54%, a change that will significantly burden millions of households already squeezed by rapidly climbing bills.

Cause and Effect.  Just a thought.