European Natural Gas Prices Soar On Supply Shortage Fears

A combination of Russia's inactive Nord Stream 2 pipeline and cooler weather forecast through the end of December sparked a rally in European natural gas futures. German power prices surged to a record high while French power prices jumped to a decade high.  Concerns that Nord Stream 2 pipeline won't operate this winter season comes as the new German chancellor Olof Scholz said his government would "do everything" possible to make sure natgas flows continue through Ukraine and not the latest Russian to German undersea pipeline. Last…