A Painkiller For Gas Price Spikes

As Oilprice readers know, the price of energy has spiked (to put it mildly) in Europe. Sample residential bills have more than doubled in some places from last year to this. In response, European governments want to help their hard-pressed citizens, not to mention hard-pressed businesses. Russia’s war against Ukraine caused the spike in prices and in wartime governments often take what they believe to be essential steps to control their economy. So what to do? Right now a Europe formerly dependent on Russian gas has two options. First, put…