by Chris Black
Wait, why are gas prices high again?
Oh, right – because Russia put economic sanctions on Europe.
Europe declared war on Russia – not the other way around. Going around whining about it is just ridiculous.
Price controls usually always work, by the way.
They’re a really good idea.
Ukraine’s President Volodymyr Zelenskiy accused Russia of economic terrorism on Monday as the cost of Europe’s energy crisis spiralled with Germany on the hook for at least 19 billion euros to bail out its biggest importer of Russian gas.
A surge in gas prices as top exporter Russia cuts supplies has squeezed German utility company Uniper, prompting it to seek an extra 4 billion euros ($4 billion) in credit lines from Berlin, on top of a 15 billion euro bailout deal agreed last month.
How to respond to the crippling impact of soaring energy costs on business and households is top of the political agenda across the continent as autumn approaches.
The Czech Republic, which holds the rotating European Union presidency, called an emergency meeting of energy ministers for Sept. 9 when it will propose a cap on the price of gas used for electricity production.