Europe Braces for Prolonged Energy Crisis as Supplies Tighten
Europeans must prepare for an extended period of tight oil and gas supplies, the EU’s energy commissioner Dan Jørgensen told the Financial Times. “This will be a long crisis . . . energy prices will be higher for a very long time,” Jørgensen told the FT, adding that with some “critical” products the situation was about to become “even worse in the weeks to come”. The commissioner said that the crisis hadn’t struck yet but also admitted that “The rhetoric that…