UN Gas Crisis Threatens Europe With Heatless, Meatless Winter — and a Slower Recovery

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Spiralling prices of gas that have already created shortages are likely to spread to the rest of Europe in the coming months and threaten the nascent economic recovery, business analysts have begun to warn.

The consequences won’t be measured only by households facing exploding energy bills and businesses going under. As a consequence of higher wholesale gas prices, two fertiliser plants have been forced to shut down in the UK, in turn threatening the supply of carbon dioxide – a byproduct of their manufacturing process.

That in turn imperils the production of food and meat: Carbon dioxide of CO2 is not only one of the major causes of global warming. It also has industrial usages, most notably in the fizzy drinks, the vacuum packing of food or the slaughtering of animals—not to mention the cooling of nuclear power plants or in some surgical procedures.

Nippon Gases, one of the largest distributors of natural gases, told the Financial Times that its deliveries of CO2 to Europe have fallen by half this year, because of the rocketing prices. In the U.K., the meat industry lobby has also warned that meat processors may have to close as soon as this week because of the lack of CO2.

The gas crisis has propelled prices up 280% since the beginning of the year, and 100% in the U.S., due to several causes: colder weather throughout Europe in April and May, some outages in gas fields in Norway and Russia, and higher demand in Asia, which rerouted some of the global liquefied natural gas (LNG) traffic to the region.

Some European policy makers also suspect that Russia is refusing to increase deliveries to Europe just to make the case that its controversial Nord Stream 2 pipeline, which has faced opposition from the U.S. and European Union governments, needs to be completed without delays.

As a result of the crisis, gas storage tanks in Europe are only 72% full ahead of the winter season, compared with the usual 87% at this time of the year, ING economist Warren Patterson has noted.
The impact of the crisis will be different between countries. It will be milder in the U.S. where users of gas are mostly industrial, Morgan Stanley expects. In Europe, the U.K., for example, is more reliant on gas than France, with its dense network of nuclear plants. But the economic consequences will affect everyone.

Norway has already promised it would increase its deliveries to Europe. A mild winter may help bring prices back to lower levels, and beyond that some form of energy substitution—for example from gas to coal—could help alleviate shortages somewhat. And LNG deliveries to Europe might increase in the coming months.

But if these don’t happen, the recovery, already weakened by the coronavirus Delta variant, will take another hit. Inflation could become more lasting than economists and central bankers now expect, and political problems may arise when households receive their gas bills.

Governments will have to help cushion the impact, stressing public finances further after public debts ballooned under the Covid-19 pandemic: Some have already started to subsidize energy bills or support businesses most affected by the crisis.

Meanwhile, the irony should not be lost that Europe is trying to produce more CO2 while expecting that a much-maligned pipeline from Russia will bring more gas to its shores.

Dontcha just love the nu-70's?

I'm sure the prospect of the peasants freezing and starving has Bill Gates and the WEF furiously stroking themselves.
 
How is this Russia's fault? I wasn't aware Putin told lil Greta to shame the EU into getting rid of coal, oil, and gas. Even worse, Putin didn't blackmail the EU leaders into going along with it.
Russia has has it's hand up the Euro greenies asses since the get-go (a legacy of the old Soviet days). They always knew it would be good for business and a way to flex soft power in the west.
 
>18 U.S.C. §2709(c)
>18 U.S.C. § 2705(b)
>18 U.S.C. 3123(d)(2)
>Espionage Act of 1917 (still enforced).

As soon as something happens within the jurisdiction of the US, Josh will drop all pretence of "free speech" faster than you can say "ooooh say can you see".
This shit is about spying, which was already restricted by the Electronic Communications Privacy Act, not relevant to Freedom of Speech.
 
Russia has has it's hand up the Euro greenies asses since the get-go (a legacy of the old Soviet days). They always knew it would be good for business and a way to flex soft power in the west.
And yet Europoors will actually defend this. "Oh, Russia would never screw with us, it's against their best interests!" Once in a while Russia yanks on the leash just to remind them.
 
This shit is about spying, which was already restricted by Electronic Communications Privacy Act, not relevant to Freedom of Speech.
oh, so FBI won't act on what they would consider "credible threat" and wouldn't request user personal data from Josh so that the feds and the local law would have a nice chat with anyone who does a little fedposting then?
 
It's amazing that people who spent generations raping and impregnating their own cousins think that they can criticize Americans.

First of all, we saved you faggots from Hitler and I don't know if you guys know about history, but he was a pretty bad guy and he had conquered Europe at that point.

Second, we pay 90% of your bills and that effectively makes us your landlords.

Third, you retards don't have a military. Europe is completely defenseless and unarmed other than France.

Fourth, your culture is stupid and that's why we export superior American pop music and movies to your shores. Without us, you cock suckers wouldn't even be able to enjoy Captain America movies.
 
You almost got me.
It's amazing that people who spent generations raping and impregnating their own cousins think that they can criticize Americans.

First of all, we saved you faggots from Hitler and I don't know if you guys know about history, but he was a pretty bad guy and he had conquered Europe at that point.

Second, we pay 90% of your bills and that effectively makes us your landlords.

Third, you retards don't have a military. Europe is completely defenseless and unarmed other than France.

Fourth, your culture is stupid and that's why we export superior American pop music and movies to your shores. Without us, you cock suckers wouldn't even be able to enjoy Captain America movies.
 
oh, so FBI won't act on what they would consider "credible threat" and wouldn't request user personal data from Josh so that the feds and the local law would have a nice chat with anyone who does a little fedposting then?
lol the FBI are a cancerous tumor on the First Amendment, they passed legislation that you can't depict them in a poor light in movies & television. The FBI should be abolished. But I can still get away with criticizing anybody I like without going to jail, I can tell a cop to go kill himself, I can tell a fed to kill himself. You can't.
 
lol the FBI are a cancerous tumor on the First Amendment, they passed legislation that you can't depict them in a poor light in movies & television. The FBI should be abolished. But I can still get away with criticizing anybody I like without going to jail, I can tell a cop to go kill himself, I can tell a fed to kill himself. You can't.
>FBI can still lock me up for fedposting but you can get locked up for fedposting.

Just because your country has a different threshold for when the bad boys come to play with you doesn't mean it somehow negates the fact that they still can. :DDDDDD

But sure, be salty little Ameritard that you are.
 
Thank Russia for that. All these "muh based Russia" idiots and all those rootless merchants who would, in the words of great Joe Stalin "sell the noose to the working class on which they would be hung" are the reason for this.
Yeah what about fuck you? Who armed Terrorists in Ukraine and made that route pretty much impossible to use? ohh right, the USA...

Shouldn't have let Nord Stream 2 be activated.
Why? it makes sure that the gas flows to the people who pay for it.

Those effects are overblown. Gas Prices are high, but still managable. Electricity prices are up a bit, too. but also nothing problematic. next week will be better, the weather at the north sea is turning, bringign alot of wind, that will tank the prices again.
 
It's amazing that people who spent generations raping and impregnating their own cousins think that they can criticize Americans.

First of all, we saved you faggots from Hitler and I don't know if you guys know about history, but he was a pretty bad guy and he had conquered Europe at that point.

Second, we pay 90% of your bills and that effectively makes us your landlords.

Third, you retards don't have a military. Europe is completely defenseless and unarmed other than France.

Fourth, your culture is stupid and that's why we export superior American pop music and movies to your shores. Without us, you cock suckers wouldn't even be able to enjoy Captain America movies.

No, Hitler tried to save us from you kike and nigger worshippers and commies.

China ruling the world is just poetic justice.

I am happy to watch it all burn, but don't badmouth poor Adolf sempai. He was a good dude.
 
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