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by Boo_Randy
The ECB can’t print gas.
www.cnbc.com/2022/07/11/europe-fears-extended-shutdown-as-russia-halts-gas-flows-to-germany.html
Europe is bracing for an extended shutdown of Russian gas supplies as maintenance work begins on the Nord Stream 1 pipeline that brings gas to Germany via the Baltic Sea.
Operator Nord Stream AG confirmed the work, which is scheduled to run from Monday through to July 21, got underway as planned Monday morning. Russian gas flows via the pipeline are expected to drop to zero later in the day.
See also When all fails … they return to gold. Europe, Japan and the USA will probably do the same when all confidence is lost.
The Nord Stream 1 pipeline is Europe’s single biggest piece of gas import infrastructure, carrying around 55 billion cubic meters of the fuel per year from Russia to Germany.
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