Say goodbye Germany, then the rest of the EU

86,565 Views | 749 Replies | Last: 3 mo ago by Madman
AlaskanAg99
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AG


Some misleading info out there that this tweet covers. Reported that 81% NG reserves are filled. Not discussed at the enormous cost that will be born by the rate payer. Also not covered thise reserves are used to backfill demand on top of continued deliveries. Those deliveries have been cut over 50%.

So still a 50% hole on supply.

Those who plan to burn firewood are better off, but not an option for apartment living city folk.

They're about to have an incredibly tough year or 2.
nortex97
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I see the Brits are on track to ask folks not to plug cars in until after 9, bars close at 9 (last call by 8:30), 3-day a week school, no cooking until after 8, and asking people to pray for a warm, windy winter. This new green energy era is so great!

Quote:

Experts have told MailOnline there is 'no escape' for the 66million people in the UK who will be encouraged to cut their use of gas and electricity this winter and even turn off the lights when the wind drops.

Kathryn Porter, from consultancy Watt-Logic, fears that the crisis will cost lives in the coming months and told MailOnline: 'We should keep our fingers crossed for a warm and windy winter'. Ms Porter has said that it's 'very possible' the UK will see plans for energy rationing, despite Liz Truss, the likely next prime minister, absolutely ruling it out, but the energy expert added: 'It would be voluntary, asking people to make a small sacrifice to avoid blackouts'.

Today it emerged that Britons could be asked to limit energy use this winter to head off blackouts by avoiding using gas and electricity at peak times in a move that will hit every part of life.

At home people may be encouraged not to use washing machines, dishwashers and ovens between 2pm and 8pm while charging cars before 9pm is also not advised when similar measures were imposed in the US this year. Abandoning the family weekday dinner at 6pm or the Sunday roast at 5pm may be required and moved to after 8pm or swapped for a cold dinner or leftovers.

The NHS Confederation has predicted that the solution for the health service will 'have to be made up by fewer staff being employed, longer waiting times for care, or other areas of patient care being cut back'. NHS England guidance says staff must turning off equipment and lights and better control temperatures in hospitals and surgeries.

Schools have even discussed three-day weeks and classes could be combined to reduce the number of rooms that require heating each day.

While care homes are being forced to take drastic action to absorb soaring living costs such as reducing menu options, using washing machines less and cutting down on entertainment and outdoor trips for elderly and vulnerable residents.

Pubs are already turning out the lights as soaring energy bills hit the ailing hospitality sector - with last orders at 8.30pm and closing by 9pm, food service being stopped and skeleton teams running venues to avoid financial ruin. Beer gardens are even being shut at night to save costs.
Saying it will be voluntary, right now, sounds strikingly similar to 'just two weeks to flatten the curve' to me. Also this is gonna impact their beloved socialized medicine/NHS adversely, with a lot more at the link, it sounds like it is going about as well as I always expect socialism to actually go.

I am going to go ahead and continue to not buy/consider getting an electric car, as well as a covid booster shot.
agent-maroon
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Quote:

I see the Brits are on track to ask folks not to plug cars in until after 9, bars close at 9 (last call by 8:30), 3-day a week school, no cooking until after 8, and asking people to pray for a warm, windy winter. This new green energy era is so great!
Doesn't prayer imply an authority greater than man's influence in the world? That seems to be in conflict with the whole AGW thing.
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$30,000 Millionaire
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AG
You know that Zero Hedge is Russian propaganda, right?
You don’t trade for money, you trade for freedom.
Agsrback12
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TefIon Don said:

So tired of Trump being right…..about everything.


But he was sooooo mean about it so it was okay not to listen to good reason.
Flying Crowbar
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AG


Dang. I can't post a gif of Greta saying 'How dare you!'
AggDogg61
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Auf Wiedersehen, Germany!
Stat Monitor Repairman
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Quote:

and asking people to pray for a warm, windy winter.
We've entered an era of dueling Gods.
YouBet
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AG
Countries going all-in on green energy to combat global warming are now praying for global warming so they don't freeze to death because green energy doesn't work.

The schadenfreude is almost unbearable.
Ghost Mech
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Stat Monitor Repairman said:

We'll start to see EU countries enact emergency powers to deal with the coming energy crisis.

EU leaders will enact emergency powers and act in furtherance of WEF goals.

I don't think people realize that.

Their plan is to let the whole thing collapse.

I'm not looking forward to any of this.

I think it will be catastrophic.

Putin has got the EU by the balls. He's got control of gas and he's got control of the wheat.
And just 4 days later.....

Quote:


As Europe Implodes, It Plans "Radical Intervention" Including Price-Setting, Suspending Derivatives Markets And Europe-Wide Margin Call Bailouts



Just when you thought the narrative couldn't get any more idiotic, Europe shocks just about everyone.

A few days after the EU threatened commodity traders it would stage an "emergency intervention" to crush energy prices which were rising at a pace of about 20% per day (perhaps Europe can now print nat gas and electricity in addition to monetizing all deficits while injecting trillions in the process)...

While anything it does is doomed to fail, Europe has been scrambling to stave off an energy catastrophe that's threatening to become an economic, social, and even financial crisis too.

European leaders have been working for months to try to offset the impact of Russia's squeeze on gas -- a move they describe as the weaponization of energy. But the decision late Friday by Gazprom PJSC to keep the crucial Nord Stream pipeline shut brought on a new sense of panic.

In response to soaring energy prices and rationing of firewood, over the weekend, Germany - the country most affected by the Nord Stream cutoff - unveiled a $65 billion package meant to boost demand and to protect consumers, with a levy on windfall profits, in effect completely undoing the ECB's efforts to squash demand by hiking interest rates and ending QE, similar to what the Biden admin is doing to the Fed in the US.


So what can Europe do? Nothing really, but it will pretend to be in control until the bitter end. The options the Czech presidency is set to suggest - according to Bloomberg - would complement measures floated by the European Commission in a policy note seen by Bloomberg last week. They included a power-demand reduction and price caps on renewables, nuclear and coal, all of which are of course dead-ends. The presidency is poised to propose similar "solutions" in the power sector and float the following additional tools:

To limit the impact of gas prices on power prices:
  • temporarily capping the price of gas used for electricity generation
  • putting a price ceiling on gas imported from Russia
  • temporary exclusion of power production from gas from merit order and price setting on the electricity market could also be an option

Uhm, someone should tell Europe that since Russia is already barely exporting any "weaponized" gas to Europe to destroy the continental economy, setting a price cap on whatever molecules of gas are left won't really do anything at all. But this is what happens when Europe is run by absolute idiots.

It gets better: to increase liquidity in the energy market, where virtually nobody trades any more since there is simply no physical with which to hedge financial positions, Europe will propose:
  • an urgent Europe-wide credit line support for market participants faced with very high margin calls
  • capping the limits for margining or automatic price ceiling adjustment
  • temporary suspensions of European power derivatives markets.

In short, Pierre Andurand was not only absolutely spot on when he said the "oil market is completely broken" but now every other commodity market is about to be "regulated" to death. Which means paper prices may soon hit 0 as physical prices approach asymptote (i.e +).


https://www.zerohedge.com/markets/europe-implodes-its-leaders-plan-radical-intervention-including-price-setting-suspending




Govt intervention in energy markets.......always a good move.


This is the scary one.
  • an urgent Europe-wide credit line support for market participants faced with very high margin calls

They are trying to prevent a spill over into financial markets. It will probably work in the short term but in the long run, they are toast.

FJB
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AG
Paper market vs the physical market. Only one is real.
Who is John Galt?

2026
Ghost Mech
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AlaskanAg99 said:



Some misleading info out there that this tweet covers. Reported that 81% NG reserves are filled. Not discussed at the enormous cost that will be born by the rate payer. Also not covered thise reserves are used to backfill demand on top of continued deliveries. Those deliveries have been cut over 50%.

So still a 50% hole on supply.

Those who plan to burn firewood are better off, but not an option for apartment living city folk.

They're about to have an incredibly tough year or 2.


Pretty obvious what there are real problems, not to worry, there is always the Russian scape goat......

Quote:

Czech PM Blames 'Russian Propaganda' For Mass Protests In Prague.

Czech Prime Minister Petr Fiala is blaming pro-Russian forces for mass demonstrations this weekend that saw tens of thousands of people protest against the government, the European Union and NATO amid soaring energy prices and inflation.

The "Czechia First" demonstration saw 70,000 people gather to protest the government in a development the Czech prime minister is blaming on elements influenced by Russian propaganda.
Quote:

"It is clear that Russian propaganda and disinformation campaigns repeatedly appear on our territory and that someone is simply succumbing to them," Fiala said, as reported by Euractiv.
Inflation has hit 17% and is marching towards 20% in the coming months, according to Fortune, citing the Czech central bank.

The mass protests also came a day after a no-confidence vote against the five-party coalition government failed.

While the prime minister blamed Russian influence, other coalition government officials warned against sidelining real economic issues facing the people.


https://www.zerohedge.com/geopolitical/czech-pm-blames-russian-propaganda-mass-protests-prague
AlaskanAg99
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Even if ruskie propaganda, this was the goal to crush Europe. Truth lies somewhere between.

Plenty of other articles and dire warnings saying the same thing.
Stat Monitor Repairman
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We all sitting here watching a slow motion train wreck. This is going to be bad.
Maroon Dawn
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YouBet said:

Countries going all-in on green energy to combat global warming are now praying for global warming so they don't freeze to death because green energy doesn't work.

The schadenfreude is almost unbearable.


Can't Blue Star this enough
Stat Monitor Repairman
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If this **** spills over into the US ... which it very well might ... people are going to be furious.

You start taking away creature comforts people are gonna get out of control.

I think this is already happening in Europe as a good many people see what coming.

You got to remember there's two generations in Eastern Europe that have lived through this **** once and they see what's coming.
Ghost Mech
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Stat Monitor Repairman said:

We all sitting here watching a slow motion train wreck. This is going to be bad.

I agree it's going to be bad but disagree it's in slow motion.....it's accelerating faster and faster each week. The kickoff to all of this started in late Feb. I started this thread in mid-July.

Once people figure out that massive crop losses around the world this year are going to cause massive food inflation to spikes, it's going to warp speed.

On the low end I give it six to eight weeks before the global debt implosion (IF the EU/FED/Central Bank money printing doesn't work to cover the wholes).

Long end by end of year (physical market realities crush paper derivative market fantasies).


BTW - we shouldn't be passively watching all of this, we should all be actively getting prepared for what is coming.


$30,000 Millionaire
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It's going to be worse than most think, but not as bad as you think. Zero hedge is Russian propaganda. Be careful about fully believing everything you read. Resolution is one flip switch compromise away.
You don’t trade for money, you trade for freedom.
BigJim49 AustinNowDallas
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aginresearch said:

He has systematically purged his enemies of 25 years. There's really no one around to challenge him. Unfortunately, complete chaos will be the result when this house of cards collapses.
See his leg twitch!
BigJim49AustinnowDallas
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Agreed 100%

Once this thing busts loose, its gonna be busted loose.

The time to prepare is now.

Once people go into a panic, we way up **** creek.

Once we reach a certain level of uncertainty people are going to start hoarding … then quantity limits … then price controls .., then you got people showing up at 5am waiting for the walmart to open.

We saw that during covid and all of it was 100% self induced, and for show.

Now we got a situation where we are looking at an actual shortage .. people ain't gonna know how to act.

I'm dreading what we are potentially about to see go down, and I hope I'm wrong.

I talked to somebody in eastern Europe today and people are concerned. We got a few more weeks until its getting really cold overnight some areas. People are gonna feel it. Some know whats coming. Politicians are desperately trying to keep a lid on that pot.
Stat Monitor Repairman
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I wouldn't be the least bit surprised to see big tech censoring any discussion of shortages or supply chain issues.

It happened with covid.

It will happen again with them citing public interest as to not perpetuate a panic and social unrest.

If we see that happen … tun out the lights, the party's over.
YouBet
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AG
$30,000 Millionaire said:

It's going to be worse than most think, but not as bad as you think. Zero hedge is Russian propaganda. Be careful about fully believing everything you read. Resolution is one flip switch compromise away.
But what would that be?
GAC06
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YouBet said:

$30,000 Millionaire said:

It's going to be worse than most think, but not as bad as you think. Zero hedge is Russian propaganda. Be careful about fully believing everything you read. Resolution is one flip switch compromise away.
But what would that be?


A compromise in Ukraine. Or if Ukraine really makes progress and starts threatening Crimea, Russia will want a negotiated solution.

Russia is hurting just as bad or worse. They're praying for a bitter winter and that they can hold on longer.
YouBet
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AG
GAC06 said:

YouBet said:

$30,000 Millionaire said:

It's going to be worse than most think, but not as bad as you think. Zero hedge is Russian propaganda. Be careful about fully believing everything you read. Resolution is one flip switch compromise away.
But what would that be?


A compromise in Ukraine. Or if Ukraine really makes progress and starts threatening Crimea, Russia will want a negotiated solution.

Russia is hurting just as bad or worse. They're praying for a bitter winter and that they can hold on longer.
Well, that's the obvious solution, but I'm not sure Europe or the US is smart enough to do it. I would have already done it considering Ukraine is not worth global recession/depression or worse.

And it looks to me like they are going to completely destroy their markets before they ever get to a compromise.
GAC06
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AG
We should find out soon. I think the Russians are nearing the breaking point.
will25u
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YouBet
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AG
GAC06 said:

We should find out soon. I think the Russians are nearing the breaking point.


Quite the game of chicken euro leaders are playing with their peoples lives.
will25u
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Stat Monitor Repairman
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50% of UBS and Credit Suisse revenue comes from Wall Street.

The banking, finance and insurance market in Europe is all interconnected.

All the big reinsurers have a piece of the action. Everybody is in the same boat.

Once this thing tips, it's gonna be biggie size problems worldwide.

Anybody that still thinks this is gonna be contained to the EU got problems.

Stat Monitor Repairman
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will25u said:


Same thing is eventually gonna happen here.

Hyperinflation will take out whatever mom and pops survived covid.

Only places that will survive will be the Yum brands and McDonalds brands that got their supply chain locked down.

In other words, gonna be like 'Taco Bell won the franchise wars' from Demolition Man.
GAC06
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AG
will25u said:




I don't doubt inflation will hurt, but "people will just stay home" sounds like an American thinking the UK is American
GAC06
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AG
YouBet said:

GAC06 said:

We should find out soon. I think the Russians are nearing the breaking point.


Quite the game of chicken euro leaders are playing with their peoples lives.


It is a game of chicken and hopefully Europe has learned from when they blinked in the past.
FJB
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AG
Europe wants price caps for something they do not control - supply of energy.
Who is John Galt?

2026
aggiehawg
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AG
FJB said:

Europe wants price caps for something they do not control - supply of energy.
Yeah, uhmm, how does that work?
DrEvazanPhD
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aggiehawg said:

FJB said:

Europe wants price caps for something they do not control - supply of energy.
Yeah, uhmm, how does that work?


Like most liberal ideas…it's not thought out and they just hope it will work out. Despite massive historical data that always shows the contrary
 
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