Energy traders call for ‘emergency’ central bank intervention

Financial Times/Claire Jones, Neil Hume and Martin Arnold/3-16-2022

“In a letter seen by the Financial Times, the European Federation of Energy Traders — a trade body that counts BP, Shell and commodity traders Vitol and Trafigura as members — said the industry needed ‘time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function.'”

USAGOLD note: Those are some pretty hefty names asking to be thrown a lifeline. How much more of this sort of thing is roiling beneath the surface reluctant to call for help?