France baseload Power forward Index.
close to 900 Euro /MWH.
that's what I mean, with energy problems. That's why demand is big for ruble ( energy). In the end, it devalues the euro. Is not because Putin is smart, its because high-demand commodities are traded in the native currency. And that's overall really bad.
1500 euro is the forecast for the winter.
That's a 30x 5-year average.
Remember fuckers we are happy with 30x in Bullrun? Europeans can spend it now on their energy bills.
Europe AVG is now 690 Euro,
Compared on less production, the euro will more devalue.
Be happy if you hold USD or some stronger and less problematic currency ( less dependent on Energy imports).
Anyway this will bring inflation to never seen doomlevels.