European Industry Pivots to US as Biden Subsidy Sends Dangerous Signal

Germany's year ahead electricity rose as much as 11% to 530 euros and megawatt hour on the European energy exchange, AG. An economist at Oxford Economics said the magnitude of the crisis is not comparable to anything in the past few decades. Countries across Europe are planning for possible power shortages this winter with some considering rationing supplies to certain industries. So this is like World War II. We're going to see energy rationing in the winter. And of course it's the US that is waging economic war on Europe.