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Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg
Potential Dockworker Strike Could Unleash “Super Meltdown” At German Port Of Hamburg Dozens of container ships are piling up outside Germany’s largest seaport by volume, known as the Port of Hamburg. It’s the third busiest port in Europe and the 15th largest globally and could be plunged into chaos next week as dockworkers may strike. […]
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns
Cutting Off Russian Gas Would Be “Catastrophic”, German Industry President Warns As we detailed yesterday, almost two months after Europe rushed to declare it would impose unprecedented sanctions on Russia in response to Putin’s invasion of Ukraine with no regard for how such sanctions would boomerang and cripple its own economies, the old continent which […]
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports Update (0825ET): As EU ambassadors meet on Tuesday to discuss another proposal on Russian sanctions, German Foreign Minister Annalena Baerbock insisted that the EU would “completely end” its fossil fuel dependence on Russia, starting with coal. Of course, as we noted below, Germany […]
German Retailers To Increase Food Prices By 20-50% On Monday
German Retailers To Increase Food Prices By 20-50% On Monday Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and […]
German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut
German Chemical Giant Warns Of “Total Collapse” If Russian Gas Supply Cut CEO of Germany’s multinational BASF SE, the world’s largest chemical producer, has warned that curbing or cutting off energy imports from Russia would bring into doubt the continued existence of small and medium-sized energy companies, and further would likely spiral Germany into its most […]
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles
Germany Scrambles To Ration Gas After Refusing To Make Payments In Rubles Now that Moscow has doubled down on its demands that its European “partners” pay for its oil and gas in rubles instead of euros (which, as the bloc already demonstrated, can be easily confiscated in the name of “sanctions”), the German government is digging […]
“Energy Shortages Could Threaten Social Cohesion”: Germany Warns Against Ban On Energy Imports From Russia
“Energy Shortages Could Threaten Social Cohesion”: Germany Warns Against Ban On Energy Imports From Russia At a time when US officials are saying virtually every day that the US is in “active discussions” to ban Russian oil imports, Germany’s economy minister said that while he regrets the country is still dependent on imports from Moscow, […]
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2
Russia Warns Of “Brave New World” Of Higher Gas Prices After Germany Halts Nord Stream 2 Update (0900ET): Europe’s energy crisis deepened Tuesday as Germany halted the process of certifying the Nord Stream 2 natural gas pipeline. Putin’s right hand man, Dmitry Medvedev responded to German Chancellor Olaf Scholz’s comments about the certification of the controversial […]
Nord Stream: The Geo-politics of Keeping Germany ‘Down’, Russia ‘Out’, and Instability in Ukraine
Nord Stream: The Geo-politics of Keeping Germany ‘Down’, Russia ‘Out’, and Instability in Ukraine It seems reasonable to expect we will have this crisis with us – in its various forms – for at least the next two years, Alastair Crooke writes. Macron in a remarkably frank interview with a French Journal put his finger on the […]
Biden Presses Reluctant German Chancellor On Halting Nord Stream 2, Imposing Russia Sanctions
Biden Presses Reluctant German Chancellor On Halting Nord Stream 2, Imposing Russia Sanctions Macron was in Moscow in talks with Putin, and German Chancellor Olaf Scholz was in Washington meeting with Biden on Monday. Despite Germany lately coming under heavy criticism from the more hawkish corners of the NATO alliance for its less than muscular response to the […]
Germany reveals when it will run out of gas
Germany reveals when it will run out of gas Natural gas storage facilities in Germany are half-empty, economy ministry says © AFP / JOHN MACDOUGALL Natural gas reserves in Germany, which has one of the highest underground gas storage capacities in Europe, have fallen to historically low levels compared with previous years. “According to the consolidated register […]
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine
Germany Threatens To Halt Nord Stream 2 If Russia Attacks Ukraine On Tuesday German Chancellor Olaf Scholz was asked directly in a press Q&A whether a Russian military offensive in Ukraine might lead to NATO military intervention on behalf of Kiev. Scholz responded by underlining “serious” political and economic consequences, but appeared to rule out any assistance from […]
Germany To Become Net Power Importer For The First Time Since 2002
Germany To Become Net Power Importer For The First Time Since 2002 Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday. Germany plans to switch off all its […]
Germany closes half its remaining nuclear power plants
Germany closes half its remaining nuclear power plants The shutdowns of three plants take place as Europe faces one of its worst-ever energy crises and as support for nuclear as a low carbon energy is, once again, on the rise. The Grohnde nuclear power plant is one of three being shut down on Friday Germany […]
