Germany's Energy Disaster. How will it affect prices & availability

[John Ranalletta]

You can't run a modern factory on firewood power.  Energy prices are skyrocketing, putting smaller firms out of business, forcing them to lay off employees.

 

Likely, energy will be rationed whilst Germany officials "debate" keeping nukes online.

 

We are witnessing the West's industrial and societal suicide. Energy is life. More energy, more life. Less energy, well, you get the point.

 

RUSSIAN EX-PRESIDENT MEDVEDEV ON POSSIBLE EU ENERGY PRICE CAP: RUSSIAN GAS WILL SIMPLY NOT BE AVAILABLE IN EUROPE

 

[TEWKS]

Without going political, somebody predicted this was going to happen. Hmm, who could that have been? 

[John Ranalletta]

In Germany, one of every six industrial companies feels forced to reduce production due to high energy prices, a survey by the Association of German Chambers of Industry and Commerce, DIHK, showed at the end of July. Nearly a quarter of the companies forced to reduce production had already done so by end-July, and another one-quarter are in the process of scaling back production due to sky-high energy prices, according to the survey of 3,500 companies from all sectors and regions in Germany.

The energy-intensive industries and firms are particularly hit, as 32 percent of the companies plan to or have already started to reduce production and even halt entire production lines, the DIHK survey showed. --

[terryofperry]

3 hours ago, John Ranalletta said:

You can't run a modern factory on firewood power.  Energy prices are skyrocketing, putting smaller firms out of business, forcing them to lay off employees.

 

Likely, energy will be rationed whilst Germany officials "debate" keeping nukes online.

 

We are witnessing the West's industrial and societal suicide. Energy is life. More energy, more life. Less energy, well, you get the point.

 

RUSSIAN EX-PRESIDENT MEDVEDEV ON POSSIBLE EU ENERGY PRICE CAP: RUSSIAN GAS WILL SIMPLY NOT BE AVAILABLE IN EUROPE

 

With 50% of households heated with natural gas and 25% heated with fuel oil in Germany what did you expect to happen to wood prices and availability when Russia shut down the pipeline? That's supply and demand.

Meanwhile, here at home, we import only 3% of our oil from Russia yet our fuel prices doubled overnight while Shell, Exxon, BP, Chevron, etc report record profits. How many small businesses do you think that has affected? That's greed.

 

Terry

[John Ranalletta]

13 minutes ago, terryofperry said:

With 50% of households heated with natural gas and 25% heated with fuel oil in Germany what did you expect to happen to wood prices and availability when Russia shut down the pipeline? That's supply and demand.

Meanwhile, here at home, we import only 3% of our oil from Russia yet our fuel prices doubled overnight while Shell, Exxon, BP, Chevron, etc report record profits. How many small businesses do you think that has affected? That's greed.

 

Terry

Terry, I get your point, but nobody was yelling "greed" when gas was 2 bucks.

[Red]

Energy is a world market.  Everybody in the world sells to the world market if they have a way to get their product to an export facility.  It aint greed.  It's supply and demand on a global scale.