As Europe races to get enough energy for winter, national economies are battling recessions, and energy giants battling bankruptcy. Even if European countries manage to survive winter, as it appears they will, they will face similar struggles the following winter. Oil markets are set for a very volatile final quarter this year, with prices soaring as the embargo on Russian oil comes into effect. Reduced energy supply due to the sanctions against Russia and Moscow shutting down key pipeline gas export routes will leave Europe scrambling for oil and gas well after the coming winter as the current crisis is not “a one winter story,” according to analysts at consultant Energy Aspects. “This is not a one winter story, let’s just make it very, very clear,” Amrita Sen, founder and director of research at Energy Aspects, told Bloomberg television in an interview on Friday. Europe will need to ration […]