Europe is winning the energy war with Putin, but food prices are likely to rise
Politico reports: Halfway through the first winter of Europe’s energy war with Russia, only one side is winning. When Vladimir Putin warned in September that Europeans would “freeze” if the West stuck to its energy sanctions against Russia, Moscow’s fossil fuel blackmail appeared to be going exactly to plan. European wholesale gas prices were north of €200 per megawatt hour, around 10 times higher than they had been for most of 2021. Plans were drawn up to cut gas demand…