The first half of this statement suddenly applies again to Europe’s energy crisis that threatens a cold and dark winter ahead, and we’ll have to see if the lights of Europa
...the land mass occupying the space between the English Channel and the Urals, also known as Moslem Lebensraum...come fully on again in the years to come. Simply put: Europe’s self-inflicted energy crisis is a lot worse than it looks.
European nations are scrambling to backstop consumers from having to pay electricity rates that could increase tenfold or more—if the electricity is available in sufficient quantity at all. What this means is massive government bailouts for energy suppliers. Britannia’s new prime minister Liz Truss plans to freeze consumer energy costs for two years, at a likely cost to the government of perhaps $200 billion, because utilities face bankruptcy if they can’t pass along higher fuel costs. The bill for continental Europe, and especially Germany, which may have to shutter even more of its heavy industry, is sure to be much higher—perhaps reaching $2 trillion over the coming year.