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> The coming collapse of the German industrial system as it is starved of cheap natural gas that formed the basis of its chemical and energy inputs Citation ne
by DoingIsLearning 4y ago
> The coming collapse of the German industrial system as it is starved of cheap natural gas that formed the basis of its chemical and energy inputs
Citation needed? This is online news drama, other than BASF itself and the Aluminium industry please clarify what part of German Industry is so energy intensive that it would _collapse_ with constraint Energy production?
- sonotathrowaway 4y agoWhen you look at actual numbers instead of glib sound bites, the argument starts to fall apart pretty quickly: In 2019, gas imports via pipeline cost Germany $30 billion, representing only 0.75% of its GDP, and the overall value of the country’s gas consumption was below 2% of GDP. [https://www.project-syndicate.org/commentary/german-economy-low-energy-intensity-russian-gas-supplies-by-daniel-gros-2022-08 https://www.project-syndicate.org/commentary/german-economy-...]