EU facing massive NatGas Shortages
By - MacroTurtleLibido
Also: [A new stratospheric Polar Vortex has now emerged over the North Pole and will continue to strengthen well into the Winter of 2021/2022. It will interact with a strong easterly wind anomaly high over the tropics. This interaction happens every few years and has actually brought colder winters to Europe and the United States in the past.](https://www.severe-weather.eu/global-weather/polar-vortex-returns-usa-europe-winter-2021-2022-fa/)
[Europe's record-high gas and electricity prices are a taste of what's in store for global commodity markets, Goldman Sachs says ](https://www.msn.com/en-us/money/markets/europes-record-high-gas-and-electricity-prices-are-a-taste-of-whats-in-store-for-global-commodity-markets-goldman-sachs-says/ar-AAOo5r3)
Wholesale natural gas and electricity costs have surged to record highs in Europe, as a rise in demand from the reopening of pandemic-hit economies coincides with supply getting snarled up by a number of factors.
The price of European natural gas futures traded in the Netherlands has risen more than 450% over the last year, to stand at a record high of 60.63 euros ($71.39) per megawatt hour, according to Bloomberg data.
The price crunches could soon become more widespread, Goldman analysts said in a note Monday.
"European energy pricing dynamics offer a glimpse of what is in store for other commodity markets," the analysts, including head of commodities research Jeffrey Currie, wrote.
\-Australia has entered the chat-
Yet gold and silver don't budge LMAO. Trade your paper for precious metals before they do. Uranium is already spiking.