Mitrova: Europe faces wartime energy rationing and physical shortages this winter
Dr. Tatiana Mitrova · How bad will Europe's gas crisis get? · Aug 3, 2022 · at 12:43
Energy scholar Dr. Tatiana Mitrova discusses the European energy crisis following Russia's invasion of Ukraine, arguing that governments will have to physically ration natural gas across the continent.
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“And in the wartime, the economy is mobilized, and the decisions are made by the governments, not by the free market. So this is the case for Europe this winter, and there will be lots of very difficult and painful choices on which industries, which groups of consumers to save, what to prioritize, and especially in the situation when we are not actually talking about extremely high prices, but we are talking about physical absence of the energy resources in certain parts of Europe. At any price, that will be a big problem.”
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