The cost of gas has increased, because it turns out that one of Europe's gas suppliers was a hostile power. Europe is having to buy gas on the open market, whic

The cost of gas has increased, because it turns out that one of Europe's gas suppliers was a hostile power. Europe is having to buy gas on the open market, which means outbidding the rest of the world for LNG shipments. This is not difficult to understand if you seek out high-information sources. The profits are going in part to induce LNG tankers to come to Europe. You can ban this, but then the LNG won't come and Europe will freeze. The rest of the profits are going to those companies that had the foresight to invest in non-gas power generation. There is some argument to seize those profits since the current price levels were surely unforeseen, but Europe has rule of law so such a seizure would need to be justified and would be challenged in the courts.