“The cheapest energy is the one you don’t use.” Ursula von der Leyen

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Hormuz is blocked
And Europe’s answer?

“The cheapest energy is the one you don’t use.” Ursula von der Leyen

Australia said it first.
Now Brussels is saying it.

Translation: we have no plan.

While the world scrambles for supply:

🇺🇸 US: record crude exports, 121 tankers inbound
🇦🇷 Argentina: Vaca Muerta pumping 847K bpd
🇷🇺 Russia: selling sanctioned LNG through backdoors
🇨🇳 China: sitting on 18 superlarge storage tanks

🇪🇺 Europe: please use less heating.

This is what happens when you spend a decade building energy policy on wishful thinking instead of infrastructure.

Hormuz exposed everyone.

But it exposed Europe most.

Full breakdown in my article 👇
https://themerchantsnews.substack.com/p/who-controls-20-of-global-oil-when?r=tf0g2

Across the U.K., motorists face record-breaking fuel costs at the gas pump as the Gulf energy shock ripples around the world. One of the clearest second-order effects now emerging is a surge in petrol station thefts, spanning from organized crime gangs to even drivers in exotic cars simply filling up and driving off.

British newspaper The Times cited new data from 500 UK filling stations showing that the daily value of stolen fuel jumped 27% from February to March. The spike coincided with the start of the U.S.-Iran conflict, which sent energy prices sharply higher. This means around £1.2 million worth of fuel is now being stolen every week across Britain.

What stands out in the report is that folks stealing fuel are not just desperate working poor folks or criminal gangs, but in fact, some petrol station owners report that even drivers of Ferraris and Mercedes are filling up and zooming off without paying.

https://www.zerohedge.com/personal-finance/fiestas-ferraris-britains-fuel-shock-has-rich-and-poor-stealing-petrol