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Winter is Coming Episode 2 | Daniel Yergin, Vice Chairman, S&P Global
SmarterMarkets™
What Are the Europeans Thinking About Price Caps?
So far the response to the shortfall in russian gas has largely been left to market forces. The question is, they're saying, how do we cap the prices? Do we cap them? Do we g do we subsidize? Do we send money to consumers? How do we handle that? And that's what they're struggling with now. So youre going to hear a lot about price caps of one kind or another - european proposals for price caps on natural gas, or windfall profits. Serving to see a lot of intervention in markets.
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