""This will be a long crisis . . . energy prices will be higher for a very long time," Dan Jorgensen stated, indicating that critical products may face even worse conditions in the coming weeks."
""The rhetoric that we're using and the words we're using are more serious now than they were earlier in the crisis," Jorgensen noted, emphasizing the prolonged nature of the situation and the need for countries to ensure they have necessary resources."
""I mean, better to be prepared than to be sorry," Jorgensen remarked, as the EU prepares for worst-case scenarios regarding critical product rationing, despite not being in a supply crisis yet."
The EU is bracing for a long-lasting energy crisis stemming from the Middle East war, with energy prices expected to remain high. The near closure of the Strait of Hormuz and attacks on Gulf infrastructure have disrupted energy markets, leading to soaring prices and supply concerns. The EU is not currently in a supply crisis but is planning for potential long-term effects. Preparations include considering fuel rationing and ensuring countries have necessary resources to cope with the situation.
Read at Irish Independent
Unable to calculate read time
Collection
[
|
...
]