Fed Policy and European Energy Crisis w/ Andreas Steno - Fedwatch 113
Bitcoin Magazine Podcast
00:00
The Energy Crisis in Europe
The storage capacity in Europe is certainly not big enough to cover all of the consumption needs over the course of the heating season from October until March. The European Union basically agreed on a strategy where they aimed at filling up all of the storage capacity by the 15th of November. But now that storage is a full, who's left to sort of bid up the price right now? I think the base case is Germany will actually make it through the winter without even having to ration gas.
Transcript
Play full episode
