Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records

Europe's energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices.  The gas price at the Dutch TTF hub, the benchmark gas price for Europe, soared 10% to a new record high of 165 euros per megawatt-hour after gas entering Germany at the Mallnow compressor station plunged to zero. Flows were diverted eastward to Poland. European gas prices hit a record high.  For some context, European NatGas is trading at an oil-barrel-equivalent price…