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Germany Still Years Away From Replacing Russian NatGas, Official Admits To "Unspoken Strategy To Pay Crazy Prices"

From zerohedge.com

Some European politicians and economists are breathing a sigh of relief after mild temperatures, increasing liquefied natural gas shipments, and above-average natural gas stockpiles have so far averted a worsening energy crisis this winter. Other politicians believe the energy crunch won't be over for many years. "Gas storage is up and gas prices are down. Inflation is falling and uncertainty is declining," Deutsche Bank AG wrote in a note this week, adding, "We can afford to be more optimistic." As of late, Europe's biggest economy, Germany, has seen an improvement in business outlook as recession fears ... (full story)

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