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Welcome back to Energy Source. With our US-based colleagues either surveying the aftermath of the July 4 celebrations or the latest Russian missile strike in Ukraine, your favourite energy newsletter today comes to you courtesy of the FT’s UK-based energy contingent.
Thankfully there’s definitely no shortage of energy-related news in Europe at the moment, where cuts to Russian gas supplies continue to dominate a continent bracing for what looks like it could be an incredibly difficult winter.
First up, the energy crisis in Europe is increasingly echoing the 2008 financial crisis, with governments considering bailing out struggling utilities and energy providers who have found themselves on the wrong side of Russia’s decision to wield the energy weapon.
More on that later as we survey the potential bailouts for…