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Germany from Winners to Losers in 2022

by Oui Tue Aug 9th, 2022 at 12:47:23 PM EST

Germany's traffic light coalition and Europe

In its coalition agreement, Germany's new traffic light government states that it wants to further develop a "federal European state."

Sigmar Gabriel of the SPD in an interview also had harsh words for the EU: "All this talk that Europe wants to become a geopolitical actor has led to nothing. Figuratively speaking, Europeans always want to play in the Masters golf tournament, but as a rule they don't even know how to play mini golf."

As per the coalition agreement between the SPD, the FDP and the Greens, the priority of the new German government is a comprehensive restructuring of the EU's economy and energy supply to achieve climate goals.

German Ampelkoalition could worsen frictions with CEE

Similar to the Dutch and nearly one year of coalition talks to form Rutte IV, by completion in January all plans could go in the shredder as the major global affairs were forgotten.

A grand failure of the traffic light coalition ... a demanding choice between a hard compromise with Russia, or following the lead of Joe Biden in a lethal confrontation with Putin's Russia. Where Macron took the initiative, Berlin was nowhere to be seen. Not ready from day one to see the ravages of a war in Eastern Ukraine. Once the decision was made, there is no turning back. NATO and EU leaders in Brussels watched the events from afar and did nothing to intervene in a crippling disaster.

This article after six months of war in Ukraine illustrates the adaptation of Germans as winners to, quite pathetic, the big losers in Europe and on a global stage. Handing the consequences of foreign policy failure in 2021/2022 to its citizens the carry the brunt of economic hardship. Easy to set the blame on others like the previous ruling parties of CDU/CSU and SPD in the coalition of Angela Merkel. It is an evil world and the Germans were caught dreaming.

By delivering more and lethal arms, NATO and the EU joined in the war to perpetuate war with human disaster and enlarge the conflict by escalation. Fighting to the last Ukrainian. Beyond this being a proxy war between Washington DC and Moscow, it was clear the Ukraine was on a path of a civil war due to historic divisions that Kyiv failed to resolve. The coup d'état of Februari 2014 was the catalyst of a failed journey of independence. The oligarchs were divided and weren't interested in a unite Ukraine, kept the division and chaos for self-interest.

A corrupt nation is not ready to fight a war of survival. Zelensky did a failed call to the Russian speaking citizens of the South-Eastern districts to emigrate to Russia. A show of nothingness, not a leader to save the nation. Pressure by rightwing violent extremists, Zelensky repeatedly took the wrong policy decisions which aggravated domestic parties.

Shaping the future of Germany in an energie krise

"Russia uses its great power to blackmail Europe and Germany"

"We are increasingly registering that technical issues are being politicized," says Economics Minister Habeck. He accused Russia of distorting the facts when presenting a new energy package.

The lignite reserve is to be activated on October 1st.

Federal Economics Minister Robert Habeck (Greens) has accused Russia of extortion in the gas crisis. It is a distortion of the facts that the Kremlin presents itself as a guarantor of secure gas supplies, Habeck said on Thursday in Berlin. "Indeed, Russia is using its great power - too great power we gave to Russia - to blackmail Europe and Germany and proves every day to be the insecure cantonist of energy supply in Europe." Contrary to claims, Russia is increasingly proving to be an "insecurity factor in the energy sector".

"We are increasingly registering that technical issues are being politicized," said Habeck at a press conference. For example, with the turbines from Canada, one has the feeling that Russia does not want to take them back. "We know that there were enough turbines," said the Economics Minister.

With all the challenges that Germany now faces due to the gas restrictions, one should not ignore Russia's attack on Ukraine, which violates international law. "We need staying power," said Habeck. "The second winter will still present us with challenges."

The background is that Russia is again delivering gas via the Nord Stream 1 pipeline, but much less than possible. The economy minister said Russia was an "uncertain cantonist" on energy supplies. According to Habeck, the storage levels should be 75 percent full by September 1st, by October 1 instead of 80 percent as before, then to 85 percent and by November 1 instead of 90 percent as before.

Habeck also announced another energy security package. These include stricter requirements for filling gas storage facilities and activation of the lignite reserve. It is also about saving measures in public buildings and a mandatory "heating check". Measures are also planned to save gas in apartments.

The first hard coal plant is to be connected to the grid again | Tagesschau |

Not so much natural gas should be used to generate electricity. As a result, hard coal-fired power plants have recently been allowed to temporarily go back on the grid. A plant in Lower Saxony is apparently the beginning.

A first hard coal-fired power plant from the reserve is to be started up again soon. It is the Mehrum power plant in Hohenhameln in Lower Saxony (Peine district) between Hanover and Braunschweig, as the Federal Network Agency in Bonn announced, according to the dpa news agency. So far it is the only "market return" of a power plant that has been reported to the Federal Network Agency.

Since July 14, an ordinance has allowed hard coal-fired power plants from the so-called grid reserve to be put back into operation in order to save natural gas.

According to the Federal Network Agency, natural gas accounted for 11.2 percent of power generation in June. The ordinance of the federal government allows the sale of electricity from reserve power plants that are fired with hard coal or oil until the end of April 2023.

War in Ukraine: Tracking the impacts on German energy and climate policy | Aug. 5, 2022 |

The war in Ukraine forces Germany to radically rethink its energy policy, given that the country is heavily dependent on Russian fossil fuels. In first reactions, Germany put the contentious Nord Stream 2 pipeline project on hold, announced the creation of strategic coal and gas reserves, committed to building terminals for the import of liquefied natural gas (LNG), and agreed to support the ousting of Russian banks from the SWIFT payments system. The government has also pledged to speed up the shift to renewables in a bid to become more independent from energy imports.

Schröder not thrown out of SPD party

Gerhard Schröder was recently heavily criticized due to insufficient distance from Russia's President Vladimir Putin. The state arbitration court of the SPD in Hanover has now ruled in his favour.

France EDF Nuclear Plants

Where Climate Crisis and Failure Energy Transition meet ...

Sanctions? What sanctions ...

My earlier diaries ...

  • Habeck Energie Krise
  • Crisis What Crisis?

  • Mediterranean buyers return to the market for Russian crude

    An uptick of Russian crude has quietly flowed to the Mediterranean region over recent weeks as buyers snap up barrels ahead of the European Union's partial embargo.

    According to data tracked by Bloomberg, Russian crude flows to Italy hit a seven-week high, and shipments to Turkey hit a six-week high in the seven days leading up to August 5.

    Europe's Offer to Boost Arab Wealth ... Again

    Iraqi Oil - the $250bn gift to Saudi Arabia and Russia | by Jerome a Paris on Dec 24th, 2005 |

    Whenever one talks of Iraqi oil, conspiracy theories abound as to the real motive of the Iraq war, or the intentions of the Cheney clique viz. Iraqi oil.

    As I have written before, the only theory that vaguely makes some kind of strategic sense is that Bushco wanted to sit on the Iraqi reserves, deny them to everybody else and keep them for the time in the near future when peak oil strikes and it becomes a huge strategic advantage. Not very useful in the short term, but possibly rational in the long run (in a narrow, zero-sum game tunnel vision sense, but hey, that's who they are).

    But in the meantime, some other players, and I am not talking about ExxonMobil or the other majors, are laughing all the way to the bank.

    A bit of nudging as in 1973 when the west relied on a trustworthy partner in the OPEC monopoly, dare the West call it "blackmail"?

    Oil Shock of 1973-74 | Oct. 1973-Jan. 1974 |

    From the vantage point of policymakers in the Federal Reserve, an oil embargo by Arab producers against the U.S. further complicated the macroeconomic environment of the early 1970s. Debt of the Vietnam War and NASA Space Program caused hyper inflation and fall of the dollar in value.

    Standard Oil and a breaking up a monopoly

    BRIA 16 2 b Rockefeller and the Standard Oil Monopoly

    in the USA preserved stockholders' wealth and incentive to consolidate exploration of international frontiers beyond the reach of US federal concessions during WWI.

    "Seven Sisters": Dept of State | The 1928 Red Line Agreement

    The 1928 Group Agreement (better known as the "Red Line" Agreement) was a deal struck between several American, British, and French oil companies concerning the oil resources within territories that formerly comprised the Ottoman Empire within the Middle East. The origins of the Red Line Agreement can be traced back to the initial formation of the Turkish Petroleum Company (TPC) in 1912.

    The general charge concerning the period from 1870 to 1882 was as follows: 'That during said first period the said individual defendants, in connection with the Standard Oil Company of Ohio, purchased and obtained interests through stock ownership and otherwise in, and entered into agreements with, various persons, firms, corporations, and limited partnerships engaged in purchasing, shipping, refining, and selling petroleum and its products among the various states, for the purpose of fixing the price of crude and refined oil and the products thereof, limiting the production thereof, and controlling the transportation therein, and thereby restraining trade and commerce among the several states, and monopolizing the said commerce.' ...

    In order to discourage the Europeans from treating American oil companies unfairly, the U.S. Congress passed the Mineral Leasing Act in February of 1920, which denied drilling rights on publicly-owned land in the United States to any foreign company whose parent government discriminated against American businesses. Neither the British nor the U.S. Government, however, wished to jeopardize relations over the issue. In 1928, the TPC was reorganized to include the Near East Development Corporation, an American oil syndicate that included Jersey Standard, Socony, Gulf Oil, the Pan-American Petroleum and Transport Company, and Atlantic Refining (later Arco). Jersey Standard and Socony later assumed total control over the NEDC after they bought out their partners during the 1930s.

    Signing the Red Line Agreement

    On July 31, 1928, following the discovery of an immense oil field in Iraq and TPC negotiating regarding the division of crude oil output between the partners, representatives from the Anglo-Persian, Royal Dutch/Shell, the Compagnie Française des Pétroles (CFP, later Total), and the Near East Development Corporation signed the Red Line Agreement in Ostend, Belgium...

    by Cat on Tue Aug 9th, 2022 at 06:25:05 PM EST
    China And Saudi Arabia Intensify Energy Cooperation With Critical Deal, 9 Aug book promo
    The signing last week of a multi-pronged memorandum of understanding (MoU) between the Saudi Arabian Oil Company - formerly the Arabian American Oil Company - (Aramco) and the China Petroleum & Chemical Corporation (Sinopec) is a critical step in China's ongoing strategy to secure Saudi Arabia as a client state. ...The scale and scope of the MoU is enormous, covering deep and broad co-operation in refining and petrochemical integration, engineering, procurement and construction, oilfield services, upstream and downstream technologies, carbon capture and hydrogen processes. Crucially for China's long-term plans in Saudi Arabia, it also covers opportunities for the construction of a huge manufacturing hub in King Salman Energy Park that will involve the ongoing, on-the-ground presence on Saudi Arabian soil of significant numbers of Chinese personnel: not just those directly related to the oil, gas, petrochemicals, and other hydrocarbons activities, but also a small army of security personnel to ensure the safety of China's investments.
    The Embargo That Must Not be Named
    The basis of this enduring relationship between the U.S. and Saudi Arabia, as analysed in depth in my new book on the global oil markets, had been struck back in 1945 at a meeting on 14 February 1945 between the then-U.S. President Franklin D. Roosevelt and the Saudi King at the time, Abdulaziz. The first face-to-face contact between the two, this landmark meeting was held on board the U.S. Navy cruiser Quincy in the Great Bitter Lake segment of the Suez Canal, and the deal that they agreed - which had been the basis for all of the U.S.'s Middle East policy up until very recently - was this: the U.S. would receive all of the oil supplies it needed for as long as Saudi had oil in place, in return for which the US would guarantee the security both of the ruling House of Saud and, by extension, of Saudi Arabia.

    The landmark deal survived the 1973 ["]Oil Crisis["] - in which the Saudi-led OPEC placed an embargo on [OPEC] oil exports to ["]various countries["] that had continued to supply arms to Israel during the Yom Kippur War against it and ["]a coalition of Arab states["] led by Egypt and Syria - although the U.S. had little choice but to do that, given the dearth of its own alternative oil supply options at that time.

    post-Permian petro-dollar production boom
    China used Russia's [2014-2016 Oil Price War leverage of] Saudi Arabia and OPEC to deploy its own strategy to accrete and exploit power over the Middle East's huge oil and gas reserves, with the key turning point for Beijing being its own rescue act for Saudi Arabia in the middle of 2017. As also analysed in depth in my new book on the global oil markets, it was at that point that the then-newly appointed Crown Prince, Mohammed bin Salman (MbS), was facing a huge problem at a very vulnerable stage in his rise to power. ... It was precisely when MbS was at his weakest that China stepped in and offered to buy the entire 5 percent stake in Aramco for a price that would guarantee the valuation for the whole company of the required US$2 trillion. Crucially as well, this would all be done through a private placement of the entire 5 percent share block in Aramco, which meant that none of the details surrounding the deal would ever get out publicly. As it transpired, several senior Saudis at the time - opponents to MbS's ascension to power but still powerful voices in the Kingdom at that point - opposed the deal on the basis that it would make Saudi Arabia beholden to China. Although the deal did not go ahead, the subsequent trajectory of China-Saudi relations would suggest that MbS has never forgotten Beijing's willingness to bail him out of any trouble in which he might find himself. ...
    Formosa plans to sell more very low sulphur fuel oil (VLSFO) due to higher margins, 7 Aug

    archived Ruble and Yuan in Ruble and Rupee, where the NEW money is headed, 'Cancer Alley'

    by Cat on Wed Aug 10th, 2022 at 12:59:20 AM EST
    [ Parent ]

    Post-pandemic turmoil in the global economy ... MAGA by destroying others. Scarcity kills the poor ... the price of freedom? I call BS.

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 10:20:06 AM EST
    Post-pandemic Stress Inflation on the Rise

    Signs already early October last year ...

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 10:21:48 AM EST
    [ Parent ]
    Dutch energy prices continue to rise at alarming rate | Oct. 6, 2021 |

    A few weeks ago, Dutch energy companies confirmed that, thanks to rising demand and an increasing shortage of natural gas across Europe, the Netherlands would see energy prices reach near-unaffordable levels for many families. Now, figures reveal that the price increase is happening at a much faster rate than predicted. 

    Prices rose to reach 118 euros per megawatt-hour - almost eight times higher than this time last year. Experts say this significant increase can be attributed to growing concerns about Dutch gas stocks for the coming winter. 

    The rising price of natural gas over the past few months meant energy companies chose not to refill their gas stocks after the unseasonably cold spring of 2021, which means the country could face a natural gas shortage, and will definitely have to deal with rising gas prices over the coming months.

    Free market thinking ... the squeeze is covered in billings to consumers .

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 10:23:17 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 10:24:15 AM EST
    [ Parent ]
    Leading large nations of Europe on inflation and doing poorer on growth ... where is. Boris?

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 10:25:02 AM EST

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 10:26:02 AM EST
    Before changing policy influenced by lobby groups ... and then still find it difficult to nudge the electorate to much needed major overhaul of consumerism and faultlines in capitalism.

    Europe providing more than €112 billion a year in fossil fuel subsidies, with almost half benefitting the transport sector - new report | Sept. 2017 |

    A new report by the Overseas Development Institute and Climate Action Network (CAN) Europe has for the first time gathered detailed information on the support provided to fossil fuels such as oil, gas and coal from 11 European countries and the EU between 2014 and 2016.

    Experts found the transport sector was the main beneficiary, with more than €49bn used to support the use of fossil fuels, including tax breaks to reduce the price of diesel. Overall, the transport sector received 44% of the total government support identified.

    Researchers warn that these tax breaks continue to encourage the use of diesel, at a time when the costs to health from air pollution have become more apparent. This also discourages the switch to low-carbon transport, including electric vehicles.

    Lead author Shelagh Whitley, Head of Climate and Energy at ODI, said: "The air pollution crisis in cities across Europe and the recent diesel emissions testing scandal have rightly led to increased pressure for governments to act, yet our analysis shows European countries are providing enormous fossil fuel subsidies to the transport sector.

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 10:51:20 AM EST
    US: A long history of government intervention in energy markets

    Numerous energy subsidies exist in the U.S. tax code to promote or subsidize the production of cheap and abundant fossil energy. Some of these subsidies have been around for a century, and while the United States has enjoyed unparalleled economic growth over the past 100 years--thanks in no small part to cheap energy--in many cases, the circumstances relevant at the time subsidies were implemented no longer exist. Today, the domestic fossil fuel industries (namely, coal, oil and natural gas) are mature and generally highly profitable. Additionally, numerous clean and renewable alternatives exist, which have become increasingly price-competitive with traditional fossil fuels.

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 10:52:19 AM EST
    [ Parent ]
    Unfortunately, Berlin must follow through and I am ready to announce further measures that will hit the consumer very hard.

    Politicians usually are behind in setting policy, this moment in history:

    For an independent and sustainable #energy supply, we in 🇩🇪 are driving future technologies at top speed: e.g. with hydrogen or heating. This is the moment of a major industrial awakening, as I saw today at @Infraserv and @Viessmann.

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 11:37:40 AM EST
    Getting any closer to resolving the crisis or just retracing your footsteps over the past six months? Waiting on consensus within NATO as Europe is being destroyed? What kind of leadership has Berlin sank into. Preparing for the worst is strictly instilling fear and no hope ...

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 12:16:33 PM EST
    [ Parent ]

    "The question is whether we will get the usual Scholz answers again, which express little in very complicated idioms, or whether he will say specific things," says the @berlinerzeitung correspondent @c_thanks to today's #summer PK from @bundeskanzler @olafscholz. @spdde

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 12:17:32 PM EST
    [ Parent ]

    Chancellor Olaf #Scholz does not expect social unrest in #Germany despite the high burden on the citizens. He referred to a new #relief package designed to help meet the challenges of increased costs.

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 12:19:21 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 12:20:35 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 12:21:11 PM EST
    [ Parent ]

    All this is happening against the background of the cries of the captains of big business in Germany, who demand from the Ampelkoalition Scholz to resolve the issue of gas supplies for the winter, since Germany will certainly survive the gas crisis in the short term, but in the case of German industry, not just everyone will survive.

    Worüber sich die Ampel streitet

    Hartz IV, debt brake, arms deliveries: The traffic light coalition is currently anything but united. Where are the biggest differences - and what compromises could there be?

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 05:11:59 PM EST
    Assessing the state of the global economy | Deloitte |

    In Europe, the Eurozone is experiencing a decline in manufacturing activity. The PMI for the region fell from 52.1 in June to 49.8 in July, a 25-month low. Output fell at the fastest pace since the start of the pandemic as did new orders. On the positive side, price pressures diminished as inventory accumulation soared and supply chain pressure eased. Business sentiment was very poor owing to concerns about the war in Ukraine and the overall state of the economy.

    The four largest economies in the Eurozone (Germany, France, Italy, Spain) all fell into negative growth territory (Italy being the lowest) while there was positive and strong growth in the Netherlands. Meanwhile, it was reported separately that retail sales in Germany declined at the fastest rate on record. Markit pointed to the energy sector as posing the greatest risk to the region.

    'Sapere aude'
    by Oui (Oui) on Thu Aug 11th, 2022 at 05:27:29 PM EST
    [ Parent ]
    Renewable power generation costs in 2019 - IRENA

    Installing new renewables increasingly costs less than the cheapest fossil fuels. With or without the health and economic crisis, dirty coal plants were overdue to be consigned to the past. But the cost data presented in this report - compiled from 17 000 real-word projects - confirms how decisively the tables have turned.

    More than half of the renewable capacity added in 2019 achieved lower electricity costs than new coal, while new solar and wind projects are also undercutting the cheapest and least sustainable of existing coal-fired plants. Auction results show these favourable cost trends accelerating, reinforcing the case to phase-out coal entirely.

    Next year, up to 1 200 gigawatts of existing coal-fired capacity could cost more to operate than new utility-scale solar photovoltaic (PV) costs to install, the report shows. Replacing the costliest 500 gigawatts of coal capacity with solar and wind would cut annual system costs by as much as USD 23 billion per year and reduce annual carbon dioxide (CO2) emissions by around 1.8 gigatonnes, or 5% of last year's global total. It would also yield a stimulus worth USD 940 billion, or around 1% of global GDP.

    Generation costs for onshore wind and solar PV have fallen between 3% and 16% yearly since 2010 - far faster than anything in our shopping baskets or household budgets. Renewables have outpaced fossil fuels in new power capacity additions overall since 2012. They are emerging as the default choice for new projects everywhere. Now, crucially, their continued cost decline means the world can afford to be ambitious amid the crisis.

    Post-pandemic stimulus packages would be greatly enhanced by these clean, easily scalable, cost-effective energy solutions. Scaling up renewables can boost struggling economies. It can save money for consumers, pique the appetites of investors and create numerous high-quality new jobs.

    First half of 2021, the renewables managed to lower the price of electricity. How the. Biden Blitzkrieg across Europe turned the tables on energy and the EU economies.

    'Sapere aude'

    by Oui (Oui) on Thu Aug 11th, 2022 at 05:45:11 PM EST
    A bit of satire costing Europe ...

    'Sapere aude'
    by Oui (Oui) on Fri Aug 12th, 2022 at 07:42:34 AM EST

    Old wine 🍷 in new bottles ... what a disaster Ampelkoalition is.

    Nachrichten zum thema Ampel-koalition

    'Sapere aude'

    by Oui (Oui) on Fri Aug 12th, 2022 at 07:50:58 AM EST
    Outlook for the German economy for 2022 to 2024 | Deutsche Bundesbank - June 2022 |

    The German economy is withstanding the headwinds of Russia's war against Ukraine, high infla- tion and supply bottlenecks. Even so, owing to these factors, its recovery is considerably more muted than was assumed in the December projection. In the baseline scenario of the projection, it is assumed, that the conflict with Russia will not intensify any further. In an adverse risk scen- ario including a cessation of Russian energy supplies, by contrast, economic activity would experi- ence a pronounced decline.

    The German economy is caught between opposing forces ....

    Under these conditions, the German economy is projected to grow by around 2% in 2022, by approximately 2.5% in 2023 and by just under 2% in 2024, the year in which it will thus reach its potential output. The labour market will remain on an upward trajectory, with wages rising sharply, but the high level of inflation only being partially offset initially.

    At around 7% in the current year, inflation as measured by the Harmonised Index of Consumer Prices (HICP) will even be somewhat higher still than at the start of the 1980s. This is mainly due to the rapid rise in the prices of energy and food commodities.

    Bundesbank report | Dec. 2021 |

    'Sapere aude'

    by Oui (Oui) on Sat Aug 13th, 2022 at 11:19:20 AM EST

    OECD: Germany Economic Snapshot

    'Sapere aude'

    by Oui (Oui) on Sat Aug 13th, 2022 at 11:20:21 AM EST
    [ Parent ]
    Why Europe's energy prices are soaring and could get much worse | EuroNews - Oct. 28, 2021 |

    German energy prices hard to tame | DW News - Dec. 20, 2021 |

    Energy prices exploded in 2021, making refueling and heating noticeably more expensive. One reason for this is the recovery of the global economy. But the German government may have ulterior motives to stay silent on it.

    EEG-Umlage could be scrapped sooner rather than later | Jan. 24, 2022 |

    In a bid to relieve consumers, who are battling with spiralling costs for energy in Germany, the ruling parties of the traffic light coalition are mulling the possibility of scrapping the EEG surcharge - a tax on the price of electricity used to fund the expansion of green energy systems in the federal republic - sooner than originally planned. 

    FDP parliamentary group leader Christian Dürr told dpa that the coalition partners wanted to get the measure off the ground as soon as possible, with discussions pencilled in to take place over the next couple of weeks. "The high tax burden and rising inflation are increasingly becoming a problem for consumers," he explained. 

    'Sapere aude'
    by Oui (Oui) on Sat Aug 13th, 2022 at 12:04:51 PM EST
    Europe's Worst Energy Nightmare Is Becoming Reality | FP - July 11, 2022 |

    Russian outages and record-high prices threaten a "winter of discontent."

    As Russian gas cutoffs upend European energy security, the continent is struggling to cope with what experts say is one of its worst-ever energy crises--and it could still get much worse.

    For months, European leaders have been haunted by the prospect of losing Russia's natural gas supply, which accounts for some 40 percent of European imports and has been a crucial energy lifeline for the continent. That nightmare is now becoming a painful reality as Moscow slashes its flows in retaliation for Europe's support for Ukraine [false: the imposed economic sanctions in addition to lethal arms delivery to Ukraine - Oui] , dramatically increasing energy prices and forcing many countries to resort to emergency plans, and as backup energy suppliers such as Norway and North Africa are failing to step up.

    "This is the most extreme energy crisis that has ever occurred in Europe," said Alex Munton, an expert on global gas markets at Rapidan Energy Group, a consultancy. "Europe [is] looking at the very real prospect of not having sufficient gas when it's most needed, which is during the coldest part of the year."

    EU trade sanctions in response to situation in Ukraine

    On 21 July 2022, the EU adopted additional sanctions in response to Russia's illegal and unprovoked military aggression against Ukraine. These sanctions build on, and expand, the earlier sanctions.

    'Sapere aude'

    by Oui (Oui) on Sat Aug 13th, 2022 at 12:06:26 PM EST
    [ Parent ]
    National policies to shield consumers from rising energy prices

    Germany's energy regulator has estimated that monthly heating bills could triple next year due to a significant decrease in Russian gas imports.

    "For those now receiving their heating bill, the payments are already doubling -- and that is before taking into account the Ukraine war," Federal Network Agency chief Klaus Müller told Germany's RND news outlet.

    'Sapere aude'
    by Oui (Oui) on Sat Aug 13th, 2022 at 12:07:17 PM EST
    [ Parent ]
    Getting rough on criticism of policy Ampelkoalition

    When the first bill for the #gas surcharge ends up in their mailbox, millions of Germans will feel what it means to leave the energy supply of our country to #Habeck and the crazy #Greens. Check out the lying Robert.

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 01:38:26 PM EST

    Have I understood that correctly now: Trading Hub Europe GmbH, a private company owned by network companies such as Thyssengas and others, calculates the amount of the #gas surcharge for all of us? It's all really, really strange to me.

    Trading Hub Europe GmbH -- established on 1 June 2021 by the network companies

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 01:39:45 PM EST
    [ Parent ]
    Gas shortage: Will heating become a luxury in Germany? | DW News - July 31, 2022 |

    Many people in Germany are starting to get unpleasant letters in the mail. Utility companies are passing on the increased costs of gas to their customers. Gas heats more than half of the homes in Germany, and many residents will struggle to pay for it.

    Prices have more than doubled since the end of last year, to €0.13 ($0.13) per kilowatt hour. Some suppliers have increased prices even more. Energy giant, Vattenfall, is charging new customers in Berlin €0.25 per kilowatt hour.

    Starting October 1, costs will go up again. Gas customers will have to pay a "solidarity levy" of €0.05 €0.0242 per kilowatt hour. The money aims to prop up gas importers affected by Russian cutbacks that then have to buy more expensive gas elsewhere.

    Run on electric heaters

    Summer temperatures mean the heat is off. With winter just a few months away, however, tenants and homeowners are starting to realize that uncomfortable months likely lie ahead. They lack an alternative to gas heat.

    Technicians warn that the power supply is not designed for high additional demand from such devices and local networks could overload on cold days.

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 01:40:54 PM EST
    [ Parent ]
    Optimists: Germans who think that, with global boiling picking up, they will still have a "winter"
    by gk (gk (gk quattro due due sette @gmail.com)) on Mon Aug 15th, 2022 at 01:48:20 PM EST
    [ Parent ]
    Only the jet stream of BIBLICAL PROPORTIONS knows for sure which seasonal climate change will afflict Europe Nov '22 - 'Feb '23.

    It's not talking, and even when it does, only an optimist would expect the councils to forego the price of PUTIN TAX on Europeans' freedom fish swimming downstream from the NEW! Baltic Lake.

    by Cat on Tue Aug 16th, 2022 at 05:38:25 PM EST
    [ Parent ]

    The energy boycott against Russia is a political decision by #Habeck and the traffic light. Imposing the huge costs of this on gas customers in Germany will make millions of families dependent on state aid. But maybe that's exactly the intention! #gas surcharge

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 01:41:49 PM EST
    [ Parent ]

    2.419 cents per kW/h so the #Gasumlage, but excess profit taxes are taboo and no question!

    #Scholz ducks away, and the #Green #Habeck closes his two little eyes in no time, for #FDP and #Lindner nonsense.

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 01:44:22 PM EST

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 01:45:28 PM EST
    [ Parent ]
    I suppose, Herr Zachmann intended to advocate for disincetives which might discourage household fuel consumption; possibly industrial gas consumption.

    Then again, Herr Zachmann might presume INCENTIVE and EMBARGO are synonomous terms. Because, hell, why not?

    PUTIN wut dunnit. And nobuddy knows what they/them/theirs wants.

    by Cat on Tue Aug 16th, 2022 at 05:27:57 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 01:46:06 PM EST
    [ Parent ]
    Interior Minister of North Rhine-Westphalia, Herbert Reul: "New enemies of the state are establishing themselves"

    Herbert Reul, is concerned that the mood in the country will deteriorate and that issues such as the Russian war against Ukraine, the energy crisis and rising prices will give the conspiracy believers new fuel. "It's no longer about protesters, it's almost about something like new enemies of the state that are establishing themselves," said the CDU politician on ntv's "Frühstart".

    The protest potential has not increased, but the occasions have become more intense. "I'm worried that if things get really tangible - energy crisis, prices, cold living rooms, fuel is getting more and more expensive - that the ground for such narratives, for such conspiracy theories, will increase," says Reul.

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 01:47:21 PM EST
    by Oui (Oui) on Mon Aug 15th, 2022 at 01:49:20 PM EST

    Just as. It's about the #debt brake. The Minister of Finance has a 🦔 in his pocket when it comes to social fairness. #Inflation Compensation Law #Excess Profit Tax

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 04:08:41 PM EST

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 04:09:47 PM EST
    [ Parent ]

    At last, war changes everything ... pouring billions into purchase of fracking gas from the American Great Plains ... excellent opportunity for the Green Party.

    Key words | capitalism | Red vs Blue | SCOTUS | freedom | women's rights | LGBT | environment | emissions | methane |

    Christian Lindner: Return of the German kingmaker | Politico - Sept. 24, 2021 |

    'Sapere aude'

    by Oui (Oui) on Mon Aug 15th, 2022 at 04:13:40 PM EST

    Corruption allegations shake Germany's public broadcasters | DW News |

    Big questions are again being asked about the future of Germany's public broadcasters after Patricia Schlesinger, director of Berlin's public broadcaster RBB, resigned over mismanagement charges.

    It's quite a catalog of allegations that have been leveled against Patricia Schlesinger. Until recently, she was both the director of the regional public broadcaster RBB (Rundfunk Berlin Brandenburg) and held the rotating chair of the ARD, Germany's vast and powerful nationwide network of nine regional broadcasters and Deutsche Welle.

    The scandal has triggered a nationwide debate and fresh calls for changes to public broadcasting in Germany, which is financed mainly by a mandatory monthly broadcasting license fee to the tune of €18.36 (ca. $19) to be paid by each household.

    Schlesinger stepped down after accusations that included a questionable use of funds, but also the controversial allocation of consultancy contracts.

    A lavish lifestyle

    It emerged that at the financially-strapped RBB she had been awarded 16% on top of a salary that totaled €303,000, and a further bonus of €20,000. She also attracted attention by using the services of chauffeurs for an expensive rented company car and with extravagant dinners at her private apartment. When champagne was served, the tab was allegedly paid by her employers.

    'Sapere aude'
    by Oui (Oui) on Mon Aug 15th, 2022 at 05:47:30 PM EST
    Cut off Russian cheap gas to Europe ... damn Putin!

    Go Green 🍀 Europe ... a little nudge from the White House playbook.

    'Sapere aude'

    by Oui (Oui) on Tue Aug 16th, 2022 at 07:03:24 AM EST

    Biden Scam | Iraq | ISIL | Libya | Syria | Chaos | Ruin | Refugees | Populism | Rightwing | Ukraine | Let capitalism work |

    'Sapere aude'

    by Oui (Oui) on Tue Aug 16th, 2022 at 07:04:55 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Fri Sep 2nd, 2022 at 05:56:37 PM EST
    [ Parent ]

    Even if the LNG that Europe buys does not come directly from Russia, that does not mean that the LNG does not come from Russia after all... "China has been quietly reselling Russian LNG to the one place that desperately needs it more than anything: Europe."

    'Sapere aude'

    by Oui (Oui) on Fri Sep 2nd, 2022 at 06:05:04 PM EST
    [ Parent ]
    Russia's Gazprom rallies by over 20% after bumper profit and dividend announcement | CNBC |

    Russian gas giant Gazprom posted a record first-half profit and promised new dividends to shareholders, sending its shares soaring more than 27% in early trade in Moscow.

    In its first-half earnings report, Gazprom announced a record 2.5 trillion ruble ($41.75 billion) net profit.

    'Sapere aude'

    by Oui (Oui) on Fri Sep 2nd, 2022 at 06:06:57 PM EST
    [ Parent ]
    G7 countries agree on Russian oil price cap | LeMonde |

    The 'broad coalition' not only aims to reduce the soaring energy prices globally, but also curtail Russia's oil revenues.

    Putin claims fossil fuel windfall tax ...

    Russian government looks to Gazprom dividend for budget boost

    The Russian government has ordered Gazprom to call an emergency general meeting of shareholders to approve an interim dividend payout of about 1.2 trillion rubles ($21 billion), overriding a recommendation from the executive board to withhold dividends in a challenging economic environment.

    'Sapere aude'

    by Oui (Oui) on Fri Sep 2nd, 2022 at 06:18:24 PM EST
    [ Parent ]
    Great divide ...

    "Volksverräter", "Hau ab": Scholz in Neuruppin ausgebuht | Deutschland Kurier |

    The political bulwark of the AfD and Die Linke.

    "Get lost! (3x)
    #Scholz is a total failure as #Chancellor and the people in #Neuruppin know that like the rest of #Germany...

    'Sapere aude'

    by Oui (Oui) on Thu Aug 18th, 2022 at 09:01:40 AM EST
    German election: continuing popularity of far-right AfD has roots in east-west divide

    The AfD's strong performance in east Germany can, in part, be seen as a reaction against the imposition of the western fusion of capitalism and democracy after 1989. For many east Germans, this shift was associated with deprivation, social disintegration and the loss of a political home. Even today, many feel that they are still treated as second-class citizens. Under these circumstances, distrust in the political establishment is common - and populist radical right parties have rushed to step in.

    Since coming to power in 2005, Merkel has done much for the symbolic representation of eastern Germans. But while some credit her for holding the eurozone together after the financial crisis, her austerity policies had a disproportionate impact on the eastern regions. It was her argument that "there is no alternative" to austerity that inspired the AfD's name in the first place.

    Some really ugly comments @Neuruppin

    'Sapere aude'

    by Oui (Oui) on Thu Aug 18th, 2022 at 09:02:29 AM EST
    [ Parent ]

    Town in former East Germany offers to take in migrants despite AFD popularity in region

    'Sapere aude'

    by Oui (Oui) on Thu Aug 18th, 2022 at 09:04:44 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Thu Aug 18th, 2022 at 09:05:21 AM EST
    [ Parent ]
    Germans face higher bills as tax aids natural gas importers, 15 Aug
    An association of gas pipeline operators on Monday set the level tariff at € 0.024/kkWh under legislation passed by the German parliament, which had an expected stipulated a range of 1 to 5 cents.
    The gas tax will raise money to compensate [sic] importers of Russian gas whose contracts with city utilities do not permit them to pass on the costs of surging natural gas prices [to rate payers].
    Habeck said that 12 [gs]importers have applied for help [sic] and would receive 34 billion euros ($34.7 billion), or about 90% of their ["]exceptional["] costs, the dpa news agency reported.
    17 Aug, Reuters | 'Pawn' in energy stand-off, Germany's Uniper suffers $12.5 bln [€ 12.3B] loss ...Germany's largest importer of Russian gas needed a 15 billion euro government bailout last month after Russia drastically cut flows, forcing Uniper to buy gas elsewhere [UAE? KSA? USA? CN-TW FORMOSA?!]at much higher prices....
    Energy-intensive businesses urged the government to limit the [cost of] the new tax [applied to commercial rate payers]. Steel producers said it would cost them 500 million euros annually, while the VDMA association of mechanical engineering firms -- a pillar of Germany's export-oriented economy -- warned that the tax was "a significant burden" on top of soaring natural gas prices.
    Germany lowers natural gas tax to ease burden on consumers, 18 Aug
    The announcement at a hastily convened news conference in Berlin comes a day after Scholz met with hostile protests during a town hall event outside the capital.

    Scholz said his government had decided to lower the value-added tax[VAT] on gas from 19% to 7% [!] until the end of March 2024.

    by Cat on Thu Aug 18th, 2022 at 03:24:54 PM EST
    [ Parent ]

    So much intellect, so much high level education ... so little result that benefits a path towards an end to the crisis in Europe. Disappointing ... round table debate with no end. Rather prefer to point fingers of blame ... the Atlantic vision of colonialism.

    'Sapere aude'

    by Oui (Oui) on Thu Aug 18th, 2022 at 10:49:00 PM EST

    #Germany allows itself to be blackmailed by the #USA and does not put #NordStream2 into operation. But the Americans are doing big business now.
    Well done Uncle Sam. #gascrisis

    'Sapere aude'

    by Oui (Oui) on Thu Aug 18th, 2022 at 11:02:05 PM EST
    Energy companies and traders are raking in huge profits selling US natural gas to Europe as prices on the continent skyrocket, with a single shipment netting around $200 million of profit, according to industry experts.

    US exports of natural gas across the Atlantic have surged in 2022, as companies pounce on the huge earnings on offer while European governments facing a Russian supply squeeze desperately try to fill their storage tanks before winter.

    "You're not talking about a margin. You're talking about a multiplier," Laurent Segalen, an energy investment banker who hosts the Redefining Energy podcast, said about the so-called arbitrage trade.

    "All in all, it's insane," he told Insider.

    'Sapere aude'
    by Oui (Oui) on Thu Aug 18th, 2022 at 11:03:48 PM EST
    [ Parent ]

    Europe's largest smelters shut down operations

    Just one day earlier, a zinc smelter in the Netherlands had announced a production stop due to rising energy costs. The Budel smelter, which belongs to the Belgian company Nyrstar, is one of the largest smelters in Europe. From September 1, it is to be put into a maintenance and repair state "until further notice", as the Bloomberg finance agency writes, citing the company. Zinc prices shot up over 7 percent after the news.

    The leading zinc producer Glencore had already warned of the consequences of the energy crisis for Europe at the beginning of August. The supply of base metals is coming under increasing pressure due to the gas crisis.

    Putting commodities pricing and production in perspective ...

    "Concerns of a global slowdown, flowing from the US Fed's aggressive tightening, structural changes in China's economy, and the impact of its COVID-19 lockdowns dragged down industrial metals more than 25% in Q2 2022. This was the sharpest quarterly fall since the Global Financial Crisis in 2008," Hynes said. "Amid interest rate increases and inflation, a risk is emerging that some major economies may experience a 'hard landing.'"

    'Sapere aude'

    by Oui (Oui) on Sat Aug 20th, 2022 at 06:42:35 AM EST
    Dissatisfaction ... Chancellor Scholz can shake hands with poor performance by opposition leader Merz of the CDU.

    In times of war and challenges, a courageous leader manifests himself and his team.

    Most Germans dissatisfied Chancellor Olaf Scholz's government | DW News |

    If Helmut Schmidt and Willy Brandt had asked us to use less showers and washcloths - they would not have been taken seriously in any way. Today's political class is a complete indictment of poverty. #Scholz #Kretschmann #Habeck

    'Sapere aude'

    by Oui (Oui) on Mon Aug 22nd, 2022 at 09:41:21 AM EST
    Election Poll

    From this survey, CDU/CSU candidate Armin Laschet lost the election to Olaf Scholz and came in 2nd. Scholz has not gained/earned a chancellor bonus, to the contrary the SPD is the big loser with the FDP on the right.

    Habeck and the Greens are the big winners.

    Scholz thought he was standing on wet clay, it turned out to be concrete poured by Jens Stoltenberg. Conformity, unity, losers ...

    Germany's Scholz says Putin started war for 'completely absurd' reasons

    No vision, no room for dialogue ... WTF who is Olaf Scholz really? Can't carry the weight of his task as chancellor.

    'Sapere aude'

    by Oui (Oui) on Mon Aug 22nd, 2022 at 09:43:22 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Mon Aug 22nd, 2022 at 10:50:11 PM EST
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:12:28 PM EST

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:14:09 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:15:49 PM EST

    Translation ...

    In view of the sharp rise in energy prices, the left is calling for German electricity exports to other EU countries to be suspended.

    "We need a moratorium on electricity exports from Germany to other European countries," said Dietmar Bartsch, co-group leader of the "Augsburger Allgemeine". "It is difficult to explain to the citizens why the need to save and skyrocketing prices should apply in this country when electricity is exported in large quantities at the same time," he criticized. "The fact that gas is also used for this is not conveyable."

    It is absurd "if countries like France only delay the energy transition, then consumers in this country foot the bill, while at the same time electricity prices in Germany are the highest in the EU," said Bartsch.

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:19:16 PM EST
    [ Parent ]

    In the climatic interregnum: arenas of an Earth policy

    Whether it involves preparing social systems for the consequences of climate change or limiting its impact, political competition is organized around the ability to integrate the Earth into the construction of politics. 

    Is this really "the end of abundance"?

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:22:20 PM EST
    [ Parent ]

    Blue eyes 🌎 of Emmanuelle Macron turned sky dark 🌑

    Newly pessimistic Macron presents hat-trick of doom | Le Monde |

    On the spectrum of presidential transformations, this one appears to be fundamental. A few months ago, French President Emmanuel Macron defined himself as a "blue-eyed optimist." He was the confident leader able to go on television to talk about looking forward to the "day after" the Covid-19 pandemic, at a time when sufferers were just starting to flood into the hospitals. In his eyes, every crisis came with a silver lining. This is a mindset that time and a global situation marked by the war in Ukraine seem to have shelved.

    The president opened the Council of Ministers on Wednesday, August 24, with a particularly somber statement. In a 12-minute speech broadcast live on 24-hour news channels from the Elysée meeting room (a rare occurrence) he spoke of a "great upheaval" with a historic trifecta - "the end of abundance, the end of recklessness, the end of taking things for granted." A gloomy prospect, with no signs of blue sky or clouds with silver linings anywhere.

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 01:25:57 PM EST

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 08:04:45 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Sat Aug 27th, 2022 at 08:14:29 PM EST

    The gas partnership with Qatar fails because D not only wants to get out of nuclear and coal, but also out of gas quickly, even though we don't have enough renewables by a long shot. We then buy extremely expensive gas on the spot market and drive consumers crazy.

    Human rights in Qatar (and in Arab monarchies)

    'Sapere aude'

    by Oui (Oui) on Wed Aug 31st, 2022 at 07:11:43 AM EST
    There has never been a firm commitment for a specific quantity of gas from Qatar. A political consolation for Habeck. Because the minister had only concluded an energy partnership with the Qataris. No delivery quantities were specifically agreed, and there were also no firm commitments to companies at the time. The contracts had yet to be negotiated. Another problem was probably that the Qataris didn't just want to serve as a bridge supplier, i.e. for a short period of time. Because in this country, many companies plan long-term without gas, but with renewable energies.

    For Germany it is now: No gas comes from Qatar. Despite the failed deal, Habeck now assures that enough energy will come from other countries. But from where? And is that enough or how can a potential gas shortage be avoided?

    Similar to too many leaders, their capability lies in presentation and PR ... underneath lies emptiness ... transparency needed ... solve problems with long-term fixes, that makes today's sacrifice worth it. Damn bad choices made ... self-destruction.

    'Sapere aude'

    by Oui (Oui) on Wed Aug 31st, 2022 at 07:12:43 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Wed Aug 31st, 2022 at 09:42:35 PM EST

    Ein Trio und die Macht der Bilder

    Bei der Kabinettsklausur in Meseberg wollte die Ampel zeigen, dass sie wieder zusammengerückt ist. Doch was davon ist Schein? Und bleiben am Ende wirklich mehr als nur schöne Bilder?

    'Sapere aude'

    by Oui (Oui) on Wed Aug 31st, 2022 at 09:43:37 PM EST
    [ Parent ]
    While Texas Froze Part 4: LNG needs monitoring and regulation

    When you look at how LNG oversight has been ignored at both federal and state levels of government, it is easy to see why so much gas from the Gulf Coast was shipped during one of the worst emergencies in Texas history.

    The Federal Energy Regulatory Commission, which grants licenses to LNG facilities, has no legal authority to mandate where they send gas, even in dire situations such as Winter Storm Uri. Nor does the U.S. Department of Energy. Nor does the Texas Railroad Commission, regulator for the Texas gas industry. Nor does the Texas Public Utility Commission, regulator for the state's electric utility industry, or ERCOT, the main Texas electric independent systems operator.

    Legal protection missing--Texas consumer protection laws explicitly prohibit price gouging during times of emergency. Likewise in 38 other states and Washington, DC. However, I'm not aware of any State of Texas legal action pending against the companies that made more than $11 billion in excessive gas profits during Winter Storm Uri and, indirectly, contributed to excessive electric costs amounting to as much as $39 billion. In fact, Texas residential customers of natural gas utilities will pay about $60 more a year for a decade to absorb those costs.

    Environmental concerns

    Profound environmental implications will result from increasing the use of LNG. In addition to localized harms from gas extraction, the process of creating LNG creates hazardous air pollutants and, in many situations, also increases greenhouse emissions.

    Site air pollution--As example of environmental concerns of air emissions from LNG processing, on March 10, 2021, Corpus Christi-based Chloe Torres, Coastal Bend Fossil Fuel Exports organizer for Texas Campaign for the Environment, aimed her Twitter message at Robert Habeck, German federal minister for Economic Affairs and Climate Action.

    Torres was alarmed that the Cheniere-Corpus Christi LNG plant, located close to where she lived, was applying for a permit to increase onsite air pollution from the plant's flares. This would add to the already pollution-burdened nearby neighborhoods inhabited by lower-income and minority households.  

    As part of a collaboration with German environmental activists to stop a new LNG import facility in that country, Torres called on Habeck, "...not to sacrifice her community for the sake of importing climate hostile and devastating U.S. fracked-gas LNG to Germany."  Activists in Port Arthur and the Rio Grande Valley who challenged permits for new LNG terminals in these areas have made similar arguments.

    Corpus Christi LNG Is An Environmental Injustice In Texas' Coastal Bend | Sierra Club |

    'Sapere aude'

    by Oui (Oui) on Mon Sep 5th, 2022 at 07:15:02 AM EST

    'Sapere aude'
    by Oui (Oui) on Mon Sep 5th, 2022 at 07:16:07 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Mon Sep 5th, 2022 at 09:22:07 AM EST

    'Sapere aude'
    by Oui (Oui) on Mon Sep 5th, 2022 at 09:22:58 AM EST
    [ Parent ]
    Nord Stream 1 closure threatens Sweden, Finland energy market with `Lehman Brothers' crisis

    Finland and Sweden have announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries after Russia's Gazprom shut the Nord Stream 1 gas pipeline, deepening Europe's energy crisis.

    The Kremlin blamed European politicians on Sunday for the closure of the pipeline, saying their economic sanctions on Russia had hindered Gazprom from conducting maintenance.

    Finland is aiming to offer €10 billion ($14.6 billion) and Sweden plans to offer 250 billion Swedish crowns ($34 billion) in liquidity guarantees.

    "This has had the ingredients for a kind of a Lehman Brothers of energy industry," Finnish Economic Affairs Minister Mika Lintila said on Sunday, local time.

    "The government's program is a last-resort financing option for companies that would otherwise be threatened with insolvency," Finland's Prime Minister Sanna Marin told a news conference.

    State-controlled Finnish power company Fortum, which last week had urged Nordic regulators to take immediate action to avert defaults even among smaller players, praised the proposals made by Helsinki and Stockholm.

    Finland, Denmark, Sweden Slam Norway's Bid To Curb Electricity Flow Amid Putin's Ukraine War

    'Sapere aude'

    by Oui (Oui) on Mon Sep 5th, 2022 at 09:23:45 AM EST
    [ Parent ]

    Since our government mainly offered you @Fortum_Oyj a rescue package from the wallets of our citizens, you are offering us clearly the cheapest electricity on the market in return. And for a long time.

    Here is the whole picture of the 'energy crisis' that requires funding. It's actually a 'Fortum crisis' #energy crisis #fortum.

    'Sapere aude'

    by Oui (Oui) on Mon Sep 5th, 2022 at 09:24:46 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Fri Sep 9th, 2022 at 09:30:11 PM EST

    Friedrich Merz has been a critic of Angela Merkel for years. He opposed her as party leader from the beginning, at the time raising questions about whether a woman was up for the job. She proved him wrong, became party leader and ousted him as leader of the CDU parliamentary group in 2002.

    In the early 2000s, he came under fire for several statements, including one over Berlin's then mayor who was gay. "As long as he doesn't get too close to me, I don't care," Merz said at the time.

    'Sapere aude'

    by Oui (Oui) on Fri Sep 9th, 2022 at 09:33:29 PM EST

    Friedrich Merz and Lindsey Graham were headliners

    The event is being organized by German right-wing media organization The Republic and the US-based Tholos Foundation, which bills itself as an "advocate for free-market, low-tax and pro-competitive policies."

    The keynote at the forum was to be a talk between the CDU's Merz and US Republican Senator Lindsey Graham on transatlantic relations.

    After announcing his pullout, Merz's office said he still does intend to speak to Lindsay Graham in August, just not at the event.

    'Sapere aude'
    by Oui (Oui) on Fri Sep 9th, 2022 at 09:34:54 PM EST
    [ Parent ]

    Europe's two trillion euro dividend:
    Mapping the Cost of Non-Europe, 2019-24

    Post-pandemic logistics and demand causes surge in energy price

    'Sapere aude'
    by Oui (Oui) on Sun Sep 11th, 2022 at 01:59:20 PM EST
    Pooff ... gone the €2 trillion dividend changing hands to the global fossil fuel community ... wrecking green energy transition ...

    Energy bills are soaring in Europe. This is what countries are doing to help you pay them | EuroNews |

    Poland drafts law to 'terminate' controversial EU's Energy Charter Treaty

    'Sapere aude'

    by Oui (Oui) on Sun Sep 11th, 2022 at 02:03:15 PM EST
    [ Parent ]
    Europe is our playing field and its dependence should be on us.

    White House alarm rises over Europe as Putin threatens energy supply | WaPo |

    Biden aides have redoubled efforts to increase natural gas exports across the Atlantic but see few obvious solutions

    White House officials are growing increasingly alarmed about Europe's energy crisis and Russian President Vladimir Putin's threats to force a bleak winter on the continent.

    Seeking to punish Russia for the invasion of Ukraine and force a retreat, Western allies have moved to set a cap on what buyers pay for Russian oil. Putin last week said Russia would retaliate by cutting off gas and oil shipments, which could devastate Europe's economy and hurt the United States by sending global energy prices soaring.

    'Sapere aude'
    by Oui (Oui) on Mon Sep 12th, 2022 at 03:23:40 AM EST
    Energy Price Knock-on Effect Electric Car Sales

    'Sapere aude'
    by Oui (Oui) on Mon Sep 12th, 2022 at 09:53:09 AM EST
    [ Parent ]
    Energy Price Knock-on Effect Electric Car Sales

    Could Germany scrap EV incentives? | Autovista24 - June 21, 2022 |

    The German government is grappling with new debt following the war in Ukraine and the COVID-19 pandemic, with the German finance minister Christian Lindner (FDP) eager to scrap electric-vehicle (EV) incentives - including for fully-electric cars.

    Lindner said the money for EV subsidies could be used more sensibly, allowing the state to save billions. Next month, the German cabinet wants to decide on its draft budget.

    'To combat inflation, the state must end politics on credit,' he said. 'From now on, generating wealth must be more important than distributing it. We simply can no longer afford misguided subsidies.'

    He went on to say that 'if it is up to me, the purchase premiums for battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) will be abolished.'

    German finance minister says `nein' to softening EU debt rules amid crisis | Politico |

    'Sapere aude'

    by Oui (Oui) on Mon Sep 12th, 2022 at 09:54:24 AM EST
    [ Parent ]
    AI Forecast Future Sales Electric Vehicles

    Electric vehicles to dominate sales five years sooner than expected | EY analysis - June 23, 2021 |

  • Combined electric vehicle sales in the US, China and Europe to outstrip all other engine sales by 2033
  • By 2045, non-EV sales will shrink to less than 1% of overall sales
  • Europe is expected to lead EV sales volumes until 2031, with China taking the lead from 2032 to 2050
  • Electric vehicle (EV) sales in the US, China and Europe will outstrip all other engines five years sooner than previously expected, according to new EY research and analysis. The figures come as EY launches the EY Mobility Lens Forecaster, an artificial intelligence (AI) powered forecast modeling tool that provides an outlook for the supply and demand of mobility products and services through 2050.

    The latest predictions show that by 2028 EV sales in Europe will surpass those of other powertrains, a trend that will be repeated in China by 2033 and in the US by 2036. The analysis also shows that by 2045, non-EV sales will shrink to less than 1% of overall sales. In terms of EV sales volumes, Europe is expected to lead the way until 2031, with China taking the lead from 2032 to 2050.

    Germany's EV Share Cold Comfort Against 34% Shortfall In Overall Auto Market

    'Sapere aude'

    by Oui (Oui) on Mon Sep 12th, 2022 at 10:17:59 AM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Thu Sep 15th, 2022 at 02:02:52 PM EST

    'Sapere aude'
    by Oui (Oui) on Thu Sep 15th, 2022 at 02:04:12 PM EST
    [ Parent ]

    'Sapere aude'
    by Oui (Oui) on Mon Sep 19th, 2022 at 09:08:17 AM EST

    'Sapere aude'
    by Oui (Oui) on Mon Sep 19th, 2022 at 09:10:35 AM EST
    Habeck falls badly in the ranking of politicians - Söder and Wagenknecht are involved in the front

    For months it was set in stone: Robert Habeck is the most popular politician in Germany. Now he's losing a lot of places in the ranking. Behind there are some surprises. The crash came with an announcement. But it was extremely violent.

    For months, Robert Habeck was at the top of the rankings of the most popular politicians in Germany. Mainly thanks to his rhetorical qualities, with which he captivated his listeners in these special times. Even if the former head of the Greens as Economics Minister was not only able to make popular decisions.

    How Robert Habeck became Germany's Green giant

    Robert Habeck is the country's most popular politician. But a hard autumn and winter are coming ...

    'Sapere aude'

    by Oui (Oui) on Mon Sep 19th, 2022 at 09:11:19 AM EST
    [ Parent ]

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