There is too much talk about price controls in Europe for this to not be close to actually happening. He's talking about natural gas here, not gasoline.
Ultimately, this would be wildly expensive and drive up overall consumption but it will help to save some industry and win some elections. But doing this while calling for a windfall tax on European gas producers is a baffling set of policies. And at the same time as the ECB says there's no real inflation.
