That means crunch.

And crunch here it soon will.

Implications of a German Energy Crunch (with added Supply-Chain Problems).

On Monday, utility Uniper SE, Germany’s biggest buyer of Russian gas, said it had received a letter from Russia’s state-owned Gazprom PJSC that claims force majeure—a legal declaration that exempts the company from fulfilling contractual obligations due to circumstances outside its control—to justify past and current shortfalls in gas deliveries.