When you need supply, prices don’t matter.
Its a sellers market.
A five fold increase to the customers, so the EU can keep annoying Russia. What will actually happen is that the EU will buy as little as possible, have covid style draconian rules on their own populations that brutally restrict usage.
And they will tell freezing Germans paying 5 times as much for the gas the government will begrudgingly allow them to buy that this is their patriotic duty.
As Pelosi says, Slobber Ukriani!
“Its a sellers market.”
Trump repeatedly warned Germany and Merkel in particular that depending on the Russians for gas was going to end up making Germany dependent on Russia. Merkel’s response was something along the line of, “This is a new world of cooperation. We needn’t fear Russia any longer. The cold war is over.” And she and the rest of the EU made fun of Trump. I’d like to say, “suck on it, Germany.” But I think they’ve learned their lesson. I don’t think Germany has it within their current DNA to ever become a significant power again. The government is designed to be fractured and helpless and the design is working very well. It’s amazing if it can even hold a government together, let alone satisfy the insane demands of the various wildly different factions that must, under their constitution, cooperate to do anything significant. It appears nuclear power is out forever. Coal is out forever and they’re doing creative accounting to lie about how Green they are. (While buying coal generated power from the eastern countries, thus exporting their pollution.) If I was a young German, I’d immigrate someplace else.