Situation in Europe is "dire" - Sept 21

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dan_s
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Situation in Europe is "dire" - Sept 21

Post by dan_s »

Germany To Nationalize Struggling Uniper In Deepening Energy Crisis

BY TYLER DURDEN
WEDNESDAY, SEP 21, 2022 - 07:59 AM
Germany on Wednesday announced a move to nationalize struggling natural gas supplier Uniper SE as it strives to keep the industry functioning in the wake of a global energy crisis, according to Reuters.

Uniper is Germany's largest importer of Russian NatGas and has suffered tremendous losses after Russian energy giant Gazprom slashed Nord Stream 1's pipeline capacity to zero, forcing the utility to purchase natgas outside contracts on the open market at record high prices.

Read more: https://www.zerohedge.com/commodities/g ... rgy-crisis
Dan Steffens
Energy Prospectus Group
Cliff_N
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Re: Situation in Europe is "dire" - Sept 21

Post by Cliff_N »

All that knee slapping laughter at #45 when he warned the Germans at the UN about being dependent on Nordstream must be haunting now.
dan_s
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Re: Situation in Europe is "dire" - Sept 21

Post by dan_s »

The "myths" of the Paris Climate Accord and being dependent on Russia for a high percentage of oil & gas will go down in European history as "Dumb and Dumber" policies. It is amazing to me how far we have let the Climate Change Wackos take this country and we are going to throw several hundred $billion more at energy projects that won't do anything about the Earth's climate.

It is all about using FEAR to control the population and about money.
Dan Steffens
Energy Prospectus Group
mkarpoff
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Re: Situation in Europe is "dire" - Sept 21

Post by mkarpoff »

...as the price of oil continues to struggle.
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