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German Utility Uniper First of Many European Energy Bailouts
German utility giant Uniper is the first of many European energy firms to request a bailout from the government amid rising natural gas prices caused by central bank money printing, ESG extortion, and the war in Ukraine. As Russian gas flows have been reduced, Uniper finds itself bleeding Euros needed to cover their short positions on natural gas. The problem is complicated by a strike in the gas fields of Norway and the closure of the American Freeport LNG plant. Now Russia is poised to shut down the Nord Stream I pipeline for maintenance and we're left to wonder if they will ever turn it back on. With price controls in place preventing rate hikes and persistent shortages, Europe is at risk of running out of Natural Gas this winter. This means rationing is coming!
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#Uniper #bailout #NaturalGas #Energycrisis #MelonHead
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