Europe Panics, NatGas Price Soars as Putin Cuts Gas Supplies

As a way of avoiding the pain of worldwide sanctions against his country over the invasion of Ukraine, murdering thug dictator Vladimir Putin has demanded that countries he sells natural gas to (namely in Europe) pay him in roubles. Most countries have refused his demand, so last week Putin began cutting off natgas shipments--so far to Poland and Bulgaria. However, more European countries are in Putin's crosshairs to cut off supplies. If that happens, you can expect the price of natural gas worldwide to skyrocket, says an analyst with Rystad Energy.

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