Yahoo Finance | October 8, 2022
Not far from Berlin’s Tempelhof airport, Peter Engelke is putting up a new security gate at his warehouse because of concerns about desperate people pilfering his stock. The precious asset at risk is firewood.
Engelke’s actions reflect growing anxiety across Europe as the continent braces for energy shortfalls, and possibly blackouts, this winter. The apparent sabotage of the Nord Stream gas pipeline is the latest sign of the region’s critical position as Russia slashes supplies in the standoff over the war in Ukraine.