LNG - Europe's Energy Crisis Is Becoming A Perfect Economic Storm

• Europe's climate policies and long-term energy strategies, combined with global energy and economic trends, are setting up for a perfect economic storm.
• Electricity and natural gas prices are reaching record highs. If oil will see a fall-winter rally, combined with unfavorable weather, there are prospects for a socio-economic crisis.
• Much will depend on whether Russia will be willing to help the EU by increasing natural gas deliveries beyond contracted levels.
• Ample natural gas supplies would help end record emissions credits costs, which would then help to moderate energy costs throughout the economy, which will avert a serious threat to Europe's economic well-being.
• A massive economic and presumably political crisis in Europe has the potential to destabilize the global economy. Investment risks need to be reassessed for the next 6 to 12 months.

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