General > General Technical Chat
"Gas Armageddon": Energy/electricity prices in EU/UK (and how to deal with them)
SiliconWizard:
--- Quote from: tom66 on September 05, 2022, 10:14:36 am ---So Nord Stream 1 is now off for good, "oh no, an oil leak was discovered Vlad! We'll have to switch it all off!"
And the price begins to climb again: https://tradingeconomics.com/commodity/eu-natural-gas
Can the EU survive with NS1 off for the rest of the year? There's enough gas storage in Germany to survive the winter but what about next spring, summer, etc? There will be still demand from heavy industry, if any is still economically viable.
--- End quote ---
Maybe that should have been pondered earlier?
themadhippy:
--- Quote ---Can the EU survive with NS1 off for the rest of the year? There's enough gas storage in Germany to survive the winter but what about next spring, summer, etc?
--- End quote ---
Dont forget some of that gas is the uk's that the europeans are looking after for us.We sold it to you cheap and plan to buy it back in a few months at a much higher rate.
https://www.share-talk.com/uk-will-be-forced-to-buy-back-gas-shipped-to-europe-for-storage/
RJSV:
Sorry, but that great big beast you want to discuss;
It's politicized.
Russians observed American withdrawal, from Afghanistan. Yeah, take out the army / military protection FIRST. THEN, try leaving a bunch of resources, like 55 billion $ worth, armored trucks, Night Vision equipment...you name it.
I've heard, Afghans now running a 'nice' military equipment bargain sales.
Sorry, you brought it up, no offense, but...this is Politics and so, the response is,...political.
tom66:
--- Quote from: SiliconWizard on September 05, 2022, 08:35:38 pm ---Maybe that should have been pondered earlier?
--- End quote ---
Possibly - but it also shows how desperate Russia is. What else can they do now? Europe knows the gas isn't coming back, so they should pile even more into Ukraine and hope that the winter is warm. Meanwhile, production from Norway/UK/Netherlands is up, some older nuke plants are coming back online or won't be shut off soon, and more storage will open. And Germany will have more LNG terminals.
nctnico:
--- Quote from: tom66 on September 06, 2022, 09:38:32 am ---
--- Quote from: SiliconWizard on September 05, 2022, 08:35:38 pm ---Maybe that should have been pondered earlier?
--- End quote ---
Possibly - but it also shows how desperate Russia is. What else can they do now? Europe knows the gas isn't coming back, so they should pile even more into Ukraine and hope that the winter is warm. Meanwhile, production from Norway/UK/Netherlands is up, some older nuke plants are coming back online or won't be shut off soon, and more storage will open. And Germany will have more LNG terminals.
--- End quote ---
In the end the situation will be better for Europe. The transition into more diverse energy sources needed to be made anyway. Poetin just ripped off the bandaid in one go. IMHO Germany should start dismantling the Nordstream gas pipes at their end.
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