Natural Gas Prices are spiking in Europe has been the topic of discussion these past few days.
According to Axios:
The stunning rise in European natural gas and power prices is walloping energy-hungry industries and consumers, Axios’ Ben Geman reports.
- There are many causes, but cold weather early this year, the summer heat and the global economic rebound from COVID-19 drove up demand and left European storage below normal.
- Limits on supply levels from Russia also aren’t helping.