As natural gas prices in Europe and Asia soar, protests are breaking out all over the place. The story is that India and China are both seeing shortages of coal, which has prompted energy rationing in multiple Chinese provinces.
With winter soon on this way, this is an ominous development that comes at a time when the global supply chain is already teetering on the brink of collapse due to nearly two years of government-imposed Wuhan coronavirus (Covid-19) tyranny.
"First came the COVID-induced global supply chain crisis for container shipping," reports American Shipper.
"Now comes a power crunch across Asia and Europe. Energy commodity stockpiles – just like U.S. retail inventories – did not build back up fast enough to contend with post-lockdown demand."