How are they fixed for fuel?
Spring 2022, it was something like 95 to 98 percent of natural gas coming from Russia. Their goal by this fall was to cut about one-third of that....finding some competition. So, they are in a dire situation and I’d say it’s better than 50-percent chance the coalition government will fail by early 2023....with another election.
But instead of a 95-percent chance of Covid being the only election topic....it’ll be a 95-percent chance of nationalizing the grid and natural gas...with no politician really able to explain how you’d fix this.
Without really planning this, Putin has undermined almost every single European country. Even these Green Parties are in dire trouble because there’s no relief unless you accept fracking, nuke energy, and coal-power plants.
The EU bans fracking so they are all screwed. In theory, they could have gone into the Romania oil fields last spring and started fracking them - like we did in the Permian, and they’d have gas coming out of their ears, at least long enough to outlast Putin.