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The following is what I have read in a nutshell.
Russian gas is going to hit European countries including the largest European economy Germany very hard and that will have big indirect impact on everyone. Germany shut down most of its nuclear powerplants because of dumb hippies and Germany will soon shut down the rest of them. Even if they want to restart them if would take years and would cost money.
When it comes to thermo powerplants Europe imports much of Russian coal too, not only gas.
Hippies want green energy, but green energy is expensive and will raise costs of energy the same way and will take time to build enough green energy sources to replace Russian gas.
American liquified gas is much more expensive compared to Russian gas for various reasons.
According to analysts North African countries can't supply not even close enough gas and oil to Europe and they don't want to invest in production because that would decrease oil prices. They love current prices.
What is going to happen during and after this winter? Apparently when winter comes and gas demand increases Europe is about to enter dark times. What is the way out? What have you read?
Fuck Obama and his government. They planted seeds of this energy crysis. But also fuck Putin. He could have played this a lot smarter and less evil too.
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