Call Time At The Casino: Europe's Bad Bets Come Due

Multipolarity's hosts see Europe entering winter facing simultaneous diesel/gas shortages, fiscal strain, and rising odds of securitized, authoritarian-leaning crisis governance.

• Diesel shock deepening: Europe faces an estimated 20-25% diesel shortfall from combined Hormuz closure, Russian export cuts (Russia was 2nd/3rd largest exporter), and a possible U.S. export ban; France already saw one in nine petrol stations run dry.
• Gas storage gap: Rystad Energy reportedly says Europe needs a winter 2°C warmer than the 30-year average — a once-in-a-century event — to avoid supply shortfalls; gas prices already near $80 vs historical $30-40.

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