"Call me cynical, but this has now got to the stage where governments (finally) realise that if the lights go out, so do their election hopes, so they have belatedly moved to step in, and ironically fix up the mess they made. "
It's not just their election hope that go out, but the election hopes of their opposition too.
Lights out == civil disorder. The sort of disorder that will make the "black lives matter" riots look like a kindergarten play group. Europe hasn't seen such disorder for a generation or more. We'll be talking civil war soon. I could go real black pill here; but, suffice to say the situation is critical in the most extreme sense of the word. How extreme... The German Greens now support coal power.
The situation in Europe is serious and price is no longer relative. This is where the fiat collapses relative to the hydrocarbon bond. The price of coal isn't going up, the price of the western fiat is going down.
It's the great reset in action.
WHC Price at posting:
$6.33 Sentiment: Buy Disclosure: Held
(20min delay)