There have been plenty of headlines recently about the looming energy crisis in Europe. Certainly, this crisis is coming. After weeks of running at 20% the Nord Stream 1 pipeline that delivers Russian gas to Europe will soon be shut down, at least temporarily.
Russia has offered to pump more gas through the new Nord Stream 2 pipeline, but European leaders view accepting these terms as a humiliation after they attempted to impose sanctions following the Russian invasion of Ukraine in February. Unless something changes soon, Europe will not have enough gas
