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This is CBS I in the World. I'm John Batchow at Joseph Sternberg, who writes politically

economics. He's in London, where it's chilly. It's chilly across the northern tier of Europe

to Poland into Russia. It's chilly and going to stay chilly for a few days. There was a

bombing November, not so here. The European Union, having successfully managed an oil

price cap for seaborn oil from Russia and enforcing it successfully, now comes to a so-called

spar over natural gas prices. The headline out of Brussels, European energy ministers clashed

again over a proposal for an emergency cap on natural gas prices that has divided the

continents' response to Russia. The proposal would set a limit on month-to-head prices

of the European Union's main trading habit and was put forward last month by the Executive

Body, the European Commission. Joe, once again, the Europeans are trying to manage a crisis

that they're not prepared for. Now they want to cap the price and the complain is it's

being cap too high. In other words, we can't afford it. What is your measure? I want to

fly out of them, Joe, because they achieved the oil price cap. The thing that is biting into

Russia's future. But right now, they're arguing over energy resources. If I understand that

they've got enough to get by this winter, but not next winter and the winter after. So,

what is your reading of their plans ahead? Are they hoping? Because we know that's not a plan.

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