Europe's Heatwave Is Becoming an Energy Crisis
The intense early summer heatwave in Europe is warming the biggest rivers and drying up their water levels, disrupting energy deliveries, power generation, and key supply chain routes. The heatwaves in Europe started as early as June, with record-breaking temperatures for weeks on end in Europe’s bi
Source: OilPrice.com
―
DW NOTE
Europe is running air conditioners on a continent that didn't build for them, during a supply shock that has the Strait of Hormuz blocked for 4.5 months and oil demand down 5 million barrels per day year-over-year. The grid was designed for moderate summers and Russian gas — it has neither now.