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German Energy Apocalypse Update VII

German Energy Apocalypse Update VII

The only published footage of the damage to the Nord Stream pipelines, featured on my Nord Stream Conspiracy Threadturns out to come from Expressen, a Swedish newspaper. Their reporters hired undersea drone operators and took a boat out to the site of the explosions off the island of Bornholm. There, they found a sizeable crater and 50 metres of missing pipeline. That this is how the images should have made their way to us, rather than through any official path, speaks volumes about the eagerness of Swedish authorities to suppress this story.

Protests against the insane energy policy of the German government are gathering momentum, particularly in the East; sporadic reports are even appearing in major media outlets now. This is surely one reason that the Minister President of Saxony, Michael Kretschmer, continues to stray from official CDU talking points, calling for negotiated peace in Ukraine and likening EU sanctions to a “tsunami” threatening the German economy.

Feared gas shortages are causing chaos as customers rush to change suppliers in search of better prices, or because their current contracts have been cancelled. Several municipal utilities have flatly stopped accepting new customers, but this option is not available to the so-called Grundversorger or “basic suppliers”—the utilities that supply the majority of gas in their region. These are legally bound to take all comers, and many of them are already having difficulty meeting sudden surges in demand.

Their day-to-day solvency may also soon be a problem:

[I]t is not only the procurement prices that have risen sharply, but also the interim financing costs—that is, the sum with which the municipal utilities must bridge the time from the purchase of gas to the onward sale to the customer, and to the increase in customers’ instalment payments, [an Association of Municipal Enterprises] spokesman explained…

…click on the above link to read the rest…

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