E.U. officials warn of ‘rolling blackouts’ as energy crisis worsens

By Around the Web

(ZEROHEDGE) – Europe’s energy crisis is about to get a whole lot worse as the Northern Hemisphere winter is just weeks away. New risks are emerging across the continent that households and companies might have to scale back on power use or even plan for rolling blackouts.

There is no immediate fix to the energy crisis that comes from the supply side, with Russia’s Gazprom, the largest supplier of natural gas to Europe, only pumping what it has. At the same time, EU stockpiles remain well below trend.

On Tuesday, Prime Minister Mario Draghi said Italy’s government is ready to combat soaring energy prices for households, according to Bloomberg.

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