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What's depressing is how wrong your comment is. You seemingly ignored the Ukrainian war which has lead to sanctioning Russia and the end of cheap Russian oil an
by imtringued 2y ago
What's depressing is how wrong your comment is. You seemingly ignored the Ukrainian war which has lead to sanctioning Russia and the end of cheap Russian oil and gas in Germany. Spot electricity prices are at pre-war levels nowadays, so whatever lack of nuclear power you are imagining is seemingly irrelevant.
- cubefox 2y agoDemand for electricity went down due to increasing deindustrialization, which leads to a lower price than it otherwise would be.
- jiggawatts 2y agoGerman machinery exports are growing, not shrinking: https://www.georesources.net/cms.php/en/news/755/Germany-Machinery-Exports-to-reach-Record-Level-in-2022 https://www.georesources.net/cms.php/en/news/755/Germany-Mac... There was a dip due to COVID, and it doesn't help matters that their biggest customer is China, which locked down their population for nearly a year during the pandemic. Sure, China makes widgets, but Germany makes the robots that make the widgets.
- cubefox 2y ago"Machinery exports" growing doesn't mean industry isn't moving out of the country.