Dan Jørgensen, the European Commissioner for Energy, is calling for a reduction in gas and electricity consumption immediately, "for as long as necessary," and urging people to get their sweaters ready. Philippe Chalmin, president of the Cercle Cyclope, dismisses the possibility of a physical shortage but confirms that gas prices have risen from around thirty euros per megawatt-hour at the beginning of the year to 70-80 euros, double last winter's bill. As for diesel, the refining margin has reached 80 to 100 dollars per barrel, more than the price of crude oil itself, and a price of 3 euros per liter becomes plausible if Washington blocks its exports. The only hope offered remains meteorological: a mild winter linked to El Niño. An industrialized continent banking on favorable weather and decreased demand—that's the energy strategy for the end of this year.
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I am not a financial investment advisor (CIF) authorized by the AMF (French Financial Markets Authority). Before making any investment decision, it is recommended that you consult a qualified professional and conduct your own research, taking into account your personal situation, your objectives, and your risk tolerance.
Investing is a risk. Past performance and projections are not reliable indicators of future results. It is essential to conduct your own analysis before making any investment. If necessary, you should carefully seek independent investment advice from a certified specialist. Please note that US ETFs are only available to professional investors and may be subject to regulatory restrictions.
Dan Jørgensen, the European Commissioner for Energy, is calling for a reduction in gas and electricity consumption immediately, "for as long as necessary," and urging people to get their sweaters ready. Philippe Chalmin, president of the Cercle Cyclope, dismisses the possibility of a physical shortage but confirms that gas prices have risen from around thirty euros per megawatt-hour at the beginning of the year to 70-80 euros, double last winter's bill. As for diesel, the refining margin has reached 80 to 100 dollars per barrel, more than the price of crude oil itself, and a price of 3 euros per liter becomes plausible if Washington blocks its exports. The only hope offered remains meteorological: a mild winter linked to El Niño. An industrialized continent banking on favorable weather and decreased demand—that's the energy strategy for the end of this year.
💶 To automate your own ETF investments, with no commissions on purchases or card payments via the Recurring Investment Plan: https://freedom24.club/4pm5VQ5
⚡️ Understanding what's happening is already a step towards resisting. Free newsletter 👉 https://drawmyeconomy.beehiiv.com/sub...
🔴 Join the channel members: Access to private live streams, direct interaction with me, and early access to videos. 👉 Become a member here: @dmeendirect
I am not a financial investment advisor (CIF) authorized by the AMF (French Financial Markets Authority). Before making any investment decision, it is recommended that you consult a qualified professional and conduct your own research, taking into account your personal situation, your objectives, and your risk tolerance.
Investing is a risk. Past performance and projections are not reliable indicators of future results. It is essential to conduct your own analysis before making any investment. If necessary, you should carefully seek independent investment advice from a certified specialist. Please note that US ETFs are only available to professional investors and may be subject to regulatory restrictions.