The Global Energy Crisis Just Escalated to an Entirely New Level, and This is Just the Beginning…

by Michael Snyder
The Economic Collapse Blog

Now we are being told that we are all going to “have costs” for the crisis in Ukraine. More specifically, the global energy crisis just took a dramatic turn for the worse, and so that means that all of us will soon be hit by dramatically higher energy prices. It is going to be much more expensive to fill up your vehicle, it is going to be much more expensive to heat your home, and increasing costs to transport the goods that we buy will make the overall rate of inflation even worse. Up to this point, a large chunk of the U.S. population really didn’t have much interest in following the conflict in Ukraine, but now it is going to have a huge impact on every single one of us.

In response to the Russians moving forces into Donetsk and Luhansk on Monday, the Germans decided on Tuesday to put the Nord Stream 2 pipeline on hold indefinitely…

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