Are Algorithms To Blame For Europe’s Natural Gas Crisis?

The continuing European energy market crunch is still making headlines. The main culprit, according to media and politicians, is Russia, as it is refusing to increase its gas deliveries to the market. When looking at market fundamentals, it certainly appears that Russia is partly responsible for the energy shortage, but there is a major underlying issue that is not being covered. Putin has weaponized the energy markets by using an intricate web of trading instruments, media attention, and supply-side control. Russia has been playing pipeline politics…