Saturday, November 26, 2022

Cap..

 


European energy ministers failed to reach a compromise over a cap on natural gas prices after "heated," "ugly" and "tough" discussions

Countries eager to implement the cap, most notably Poland, Spain and Greece, say this proposal is not realistic as it is so high that it is unlikely to ever be triggered.

The European ministers can't stop disturbing the energy market in its format, and the outcome is complete disaster in so many ways. 

The European countries ae purchasing Natural gas with  priceses three folds of what it was. Look at the countries in the EU where inflation reached 20%, economic development and the cost of living that is much trouble.

lets not pull the two ends of the robe, hands off approach may be the right thing to do at this time.  Just a thought.

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