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We are moving towards an interconnected world. One connection and it is a weak spot. A multitude and you take it in stride. NorthStream is the perfect example
by Gwypaas 4y ago
We are moving towards an interconnected world. One connection and it is a weak spot. A multitude and you take it in stride.
NorthStream is the perfect example of this. Did Europe collapse? No. Would we have liked to not have to deal with it? Yes.
- kornhole 4y agoNot yet. They are now paying 500% the price for methane. They had reserves in tanks but those may be much depleted come next winter.
- Gwypaas 4y agoDepleted? Why this negative outlook? Germany filled all storage last winter, and are still at ~70%. The next winter will be easier as we adapt to the new reality. https://i.redd.it/zv0bh84l3xia1.png https://i.redd.it/zv0bh84l3xia1.png
- kornhole 4y agoIf Germany can reduce its gas usage, it will certainly help the situation. I hear that BASF is exploring moves of operations to locations with better access to cheaper gas such as China. Some energy use could switch to coal and other sources. I do not have enough visibility to predict actual outcomes.