German energy giant Uniper on Tuesday warned the worst is still to come as concerns over Russian gas supplies to Europe through fall and winter continue to push up prices.
“I have said this a number of times now over this year and I’m educating also policymakers. Look, the worst is still to come,” Uniper CEO Klaus-Dieter Maubach told CNBC’s Hadley Gamble at Gastech 2022 in Milan.
“What we see on the wholesale market is 20 times the price that we have seen two years ago — 20 times. That is why I think we need to have really an open discussion with everyone taking responsibility on how to fix that,” he added.
Russia’s state-owned energy giant, Gazprom, on Friday indefinitely halted gas flows to Europe via a major pipeline, stoking fears that parts of Europe could be forced to ration energy through winter.
www.cnbc.com/2022/09/06/uniper-says-worst-is-still-to-come-as-russia-halts-gas-flows-to-europe.html
We are also totally at the mercy of the authorities, and we have very little knowledge what they have planned.
Will they be able to stop the onset of the banking crisis, yet again? I don't know, but I am doubtful. 🤷♂️🤔
2/t.co/cwDzOwZkGE— Tuomas Malinen (@mtmalinen) September 7, 2022
4. Wood (if you have a stove).
5. Other necessities.No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse.
You just have more cash (no meaningful interest in banks), food, water and wood. 😉😁
4/4— Tuomas Malinen (@mtmalinen) September 7, 2022