Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

Industrial Crash in Germany, Fall of the Euro

Discussions about the economic and financial ramifications of PEAK OIL

Industrial Crash in Germany, Fall of the Euro

Unread postby theluckycountry » Sun 10 Jul 2022, 04:11:28

An interesting article discussing the flow on effects of the Ukraine debacle.

https://www.bloomberg.com/news/articles ... industries

https://goldbroker.com/news/industrial- ... tives-2792

If the energy supply situation is not resolved quickly, the German industrial sector may collapse this fall.

Without Russian gas, there is no chemistry, and without chemistry there is no industry.

Faced with the explosion of the energy bill, the industrial machine across the Rhine has already suffered a severe slowdown. In the space of a few weeks, Germany's trade balance went from a surplus to a deficit. The trend reversal is even more sudden than during the Covid crisis. For the first time since 1990, Germany has recorded a trade deficit!


https://www.businessinsider.com/germany ... uts-2022-7
après moi le déluge
theluckycountry
Intermediate Crude
Intermediate Crude
 
Posts: 2323
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby jato0072 » Sun 10 Jul 2022, 10:55:22

20 years ago, when I found out about Peak Oil I had never dreamed the West would practically commit industrial suicide. This whole Great Reset / Green New Deal is a real downer.
"On a long enough time line, the survival rate for everyone drops to zero."
User avatar
jato0072
Lignite
Lignite
 
Posts: 305
Joined: Wed 04 Aug 2021, 16:47:30
Location: NV

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby Plantagenet » Sun 10 Jul 2022, 12:23:59

theluckycountry wrote:
[i]If the energy supply situation is not resolved quickly, the German industrial sector may collapse this fall.

Without Russian gas, there is no chemistry, and without chemistry there is no industry.


The US is shipping LNG to Germany and the rest of Europe as fast as it can......

Ooopsies.....just had a little explosion there along the natural gas pipeline in Oklahoma.

Image

Just a coincidence, I'm sure.

Nothing to see.....

No worries, mate.....

There's no possibility of enemy action here in the USA.......nope nope nope....

Cheers!
Never underestimate the ability of Joe Biden to f#@% things up---Barack Obama
-----------------------------------------------------------
Keep running between the raindrops.
User avatar
Plantagenet
Expert
Expert
 
Posts: 26619
Joined: Mon 09 Apr 2007, 03:00:00
Location: Alaska (its much bigger than Texas).

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby theluckycountry » Sun 10 Jul 2022, 17:25:39

jato0072 wrote:20 years ago, when I found out about Peak Oil I had never dreamed the West would practically commit industrial suicide.


That's how it looks, but these governments' work for the big corporations that fund them into power and look after them after they leave public life. I don't see them allowing all this unless their was a bigger plan a foot. I mean all the industrialists need do is go to the politicians and say enough is enough, like the British Supermarket Chiefs did during the truckers strike in the UK that threatened food supplies/profits etc.

We all know we need to power down, to get off oil and gas, what better way than create a bogey man in Russia, then cook up this moralistic anti-war crap, and during all the hoopla, collapse your industrial economies back to a level commensurate with the realities of fossil fuel supplies. That's what we saw for a year and more over the covid scam, hundreds of millions of people, not driving, not flying.

Everyone nearly, 90%, believed in the lockdown BS, but it doesn't matter what you believe, at the end of the day we used a lot less fossil fuels and we're back in the same place now, high prices, lower consumption. All following a managed plan to power down society just at the last minute before the gas stations started to run out due to supply demand issues.

I don't believe in coincidences and I don't believe the governments of the world were ignorant of peak oil these last decades as many of the peakoil gurus claimed. They knew, they had plans, they just didn't want to reveal them to the little people.
après moi le déluge
theluckycountry
Intermediate Crude
Intermediate Crude
 
Posts: 2323
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby Plantagenet » Sun 10 Jul 2022, 18:04:17

theluckycountry wrote:We all know we need to power down, to get off oil and gas, what better way than create a bogey man in Russia, then cook up this moralistic anti-war crap, and during all the hoopla, collapse your industrial economies back to a level commensurate with the realities of fossil fuel supplies. That's what we saw for a year and more over the covid scam, hundreds of millions of people, not driving, not flying.

Everyone nearly, 90%, believed in the lockdown BS, but it doesn't matter what you believe, at the end of the day we used a lot less fossil fuels and we're back in the same place now, high prices, lower consumption. All following a managed plan to power down society just at the last minute before the gas stations started to run out due to supply demand issues.

I don't believe in coincidences and I don't believe the governments of the world were ignorant of peak oil these last decades as many of the peakoil gurus claimed. They knew, they had plans, they just didn't want to reveal them to the little people.


I don't believe the TPTB cooked up inflation and fuel shortages and then Russia and the west mutually agreed to have a war in Ukraine just to collapse global economies.

You just couldn't keep a conspiracy like that secret.

I think its much simpler..... Putin is just the latest totalitarian megalomaniac to see himself as a great conquerer when he invades a smaller weaker neighboring country, and I think the US and NATO were all set to give Ukraine to Putin when Zelensky refused Biden's offer of a "ride" out of Kiev and instead stayed in his bunker and ordered the tiny Ukrainian army to fight back. Then Biden and Boris Johnson starting blathering about Zelensky being the 21st century "Churchill" and step by step the US and NATO have slowly sent him more and more weapons and here we are four months later with a nasty little proxy war going on.

Having said that, I agree with you that there are certain politicians who see a silver lining in the Ukraine war because it is crashing global economies and reducing CO2 emissions.

Image

Cheers!
Never underestimate the ability of Joe Biden to f#@% things up---Barack Obama
-----------------------------------------------------------
Keep running between the raindrops.
User avatar
Plantagenet
Expert
Expert
 
Posts: 26619
Joined: Mon 09 Apr 2007, 03:00:00
Location: Alaska (its much bigger than Texas).

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby jato0072 » Sun 10 Jul 2022, 18:49:55

I don't think there is evidence that Russia / Putin are involved with any WEF conspiracies, I just think the WEF is using these crises to accelerated their Great Reset agenda. Anyway, it doesn't really matter what happened, things have clearly been accelerating since 2020 and virtually nobody responsible will be held accountable. What matters for Germany is survival (personal, family, community, state and country). The Global American Empire (GAE) is in decline.

Right, wrong or in different, Russia was provoked to war (see Cuban Missile Crisis in which another satellite "sovereign nation" was used to provoke the US).
"On a long enough time line, the survival rate for everyone drops to zero."
User avatar
jato0072
Lignite
Lignite
 
Posts: 305
Joined: Wed 04 Aug 2021, 16:47:30
Location: NV

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby EnergyUnlimited » Mon 11 Jul 2022, 07:16:52

Americans are clever people.
When they see NG prices rising, they are blowing up their own gas refineries.
That will even more constrict supplies, pump prices up and make a killing while selling hardly any gas at all. :-D

Poor little Germans, they will have freezing cold winter, 3rd year La Nina will see to these ends.
They are already dimming lights and closing hot water supply to residential areas of major cities.
There are talks that during winter their clumsy urbanites may expect no more than 17*C.
In reality they will be lucky to get 14*C...

Climate is turning hotter and German homes are turning colder... such a sweet paradox. :-D
User avatar
EnergyUnlimited
Light Sweet Crude
Light Sweet Crude
 
Posts: 7356
Joined: Mon 15 May 2006, 03:00:00

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby theluckycountry » Mon 11 Jul 2022, 14:02:19

Plantagenet wrote:
I don't believe the TPTB cooked up inflation and fuel shortages and then Russia and the west mutually agreed to have a war in Ukraine just to collapse global economies.

You just couldn't keep a conspiracy like that secret.

I think its much simpler..... Putin is just the latest totalitarian megalomaniac to see himself as a great conquerer


That could be said of Bush, or Obama, or even Clinton, he prosecuted a war up there in his day remember.

The western banking/corporate elites didn't need to side with Putin's Russia, and I don't believe they did, they are simply using the brush-war there as an excuse to cripple supply chains yet again. The West hates Russia because it never came under their control, aside from the brief period after communism, that Putin put an end to. The West "us" want to control the world so we can loot it, obviously! Just like the British did for 100+ years right? In our era the Prime-Looter is the USA.

This is why the west hates Russia and Putin, or at least the Americans do. It's been ingrained into you to hate them. Here in Australia the average person couldn't care less about Russia or Putin, it's never spoken of except in the mass media, that everyone takes with a pinch of salt anyway. You guys are the victims of an 80 year propaganda campaign. The Russians are to you what the Jews were to Germany in 1940.
après moi le déluge
theluckycountry
Intermediate Crude
Intermediate Crude
 
Posts: 2323
Joined: Tue 20 Jul 2021, 18:08:48
Location: Australia

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby AdamB » Mon 11 Jul 2022, 14:30:32

theluckycountry wrote:This is why the west hates Russia and Putin, or at least the Americans do. It's been ingrained into you to hate them. Here in Australia the average person couldn't care less about Russia or Putin, it's never spoken of except in the mass media, that everyone takes with a pinch of salt anyway.


That's because backwards folks in Chinese mining colonies are insignificant in global affairs. We, your benevolent security blanket overlords are happy that said blanket is comforting to the slow and backward folk of the world like you, and allow you to sell off your countries resources for a pittance to the Chinese, rather than having them, or the Russians, just take them away from you. It isn't as though a bunch of banana benders could do anything about it without our benign protection, lets be honest, without protection from the world's largest economy and best military and largest producer of oil and gas and whatnot, New Zealand would invade you one weekend, turn Tasmania into a prison colony and put all you folks already familiar with this scheme there. And then they'd sell off your islands resources at proper prices.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 9292
Joined: Mon 28 Dec 2015, 17:10:26

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby cephalotus » Sun 24 Jul 2022, 14:23:44

Well, winter 2022/23 will get interesting in Germany.

There will be a gas shortaage and natural gas prices are very high.

I guess we will have to lower the room temperatures in winter, industry and power plants already reduced gas consumption. Peok oil pornography, who would have thought that!

That's the simulation of our gas storage during next winter in different scenarios: (in Geman)

https://www.bundesnetzagentur.de/DE/Fac ... onFile&v=3

Also very intersting / annoing is the fact, that during the biggest energy crises in Europe France is not able to produce (nuclear) electricity and has to import huge amounts. 32 out of 56 french nuclear power plants have been shut down, some of the remaining are only running on reduced power during the heat waves, because they boil their rivers.

Afaik there is no plan how France will get them online again till winter and France has always been an electricity importer during cold winter days even when the nujes are producing. In 22/23 this could become a problem. Forcast eletricity prices for France have already reached at 1€/kWh for December 2022.
cephalotus
Tar Sands
Tar Sands
 
Posts: 581
Joined: Tue 18 Sep 2007, 03:00:00
Location: Germany

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby cephalotus » Sun 24 Jul 2022, 14:26:11

theluckycountry wrote:This is why the west hates Russia and Putin, or at least the Americans do. It's been ingrained into you to hate them. Here in Australia the average person couldn't care less about Russia or Putin, it's never spoken of except in the mass media, that everyone takes with a pinch of salt anyway. You guys are the victims of an 80 year propaganda campaign. The Russians are to you what the Jews were to Germany in 1940.


Wait until the Chinese try to invade your country, than you will understand.

Putin has become Hitler of the 21st century, he will never stop with his invasion of Europe, until he is beaten.
cephalotus
Tar Sands
Tar Sands
 
Posts: 581
Joined: Tue 18 Sep 2007, 03:00:00
Location: Germany

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby Tuike » Sun 24 Jul 2022, 15:01:23

cephalotus wrote:
theluckycountry wrote:Putin has become Hitler of the 21st century, he will never stop with his invasion of Europe, until he is beaten.


I have seen better comparison, Putin is like Mussolini of Italy in WWII. Similiar success in war effort.
User avatar
Tuike
Tar Sands
Tar Sands
 
Posts: 628
Joined: Mon 10 Jan 2005, 04:00:00
Location: Finland

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby Doly » Sun 24 Jul 2022, 16:11:34

It isn't as though a bunch of banana benders could do anything about it without our benign protection, lets be honest, without protection from the world's largest economy and best military and largest producer of oil and gas and whatnot, New Zealand would invade you one weekend, turn Tasmania into a prison colony and put all you folks already familiar with this scheme there.


Invading a country takes a lot of effort and resources, especially one surrounded by the sea. I don't think the cost/benefit ratio of attempting to invade Australia looks tempting to anyone.
User avatar
Doly
Expert
Expert
 
Posts: 4366
Joined: Fri 03 Dec 2004, 04:00:00

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby AdamB » Sun 24 Jul 2022, 23:13:35

Doly wrote:
It isn't as though a bunch of banana benders could do anything about it without our benign protection, lets be honest, without protection from the world's largest economy and best military and largest producer of oil and gas and whatnot, New Zealand would invade you one weekend, turn Tasmania into a prison colony and put all you folks already familiar with this scheme there.


Invading a country takes a lot of effort and resources, especially one surrounded by the sea. I don't think the cost/benefit ratio of attempting to invade Australia looks tempting to anyone.


And why bother with Australia? Just throw some wampum at them like Americans did the indigenous peoples and they'll hand over whatever you want. The Chinese have already figured this one out, and those clueless locals went for it like native peoples all over the world.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."

Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
User avatar
AdamB
Volunteer
Volunteer
 
Posts: 9292
Joined: Mon 28 Dec 2015, 17:10:26

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby evilgenius » Mon 25 Jul 2022, 03:59:06

cephalotus wrote:Well, winter 2022/23 will get interesting in Germany.

There will be a gas shortaage and natural gas prices are very high.

I guess we will have to lower the room temperatures in winter, industry and power plants already reduced gas consumption. Peok oil pornography, who would have thought that!

That's the simulation of our gas storage during next winter in different scenarios: (in Geman)

https://www.bundesnetzagentur.de/DE/Fac ... onFile&v=3

Also very intersting / annoing is the fact, that during the biggest energy crises in Europe France is not able to produce (nuclear) electricity and has to import huge amounts. 32 out of 56 french nuclear power plants have been shut down, some of the remaining are only running on reduced power during the heat waves, because they boil their rivers.

Afaik there is no plan how France will get them online again till winter and France has always been an electricity importer during cold winter days even when the nujes are producing. In 22/23 this could become a problem. Forcast eletricity prices for France have already reached at 1€/kWh for December 2022.
So does that mean that any small company, like a solar field owner, could jump in and charge any rate they want? Doesn't European regulation put a lid on those sorts of 'opportunities?'
User avatar
evilgenius
Intermediate Crude
Intermediate Crude
 
Posts: 3731
Joined: Tue 06 Dec 2005, 04:00:00
Location: Stopped at the Border.

Re: Industrial Crash in Germany, Fall of the Euro

Unread postby cephalotus » Mon 25 Jul 2022, 06:11:59

I assume that I'm not able to understand your question.

It's a free market. Anyone can charge whatever they want, but to sell something you need a buyer who is willing to pay the price.

And sure, many European solar- and wind power plants are earning crazy money at the moment.

Solar power in Germany was worth someting around 3-4ct/kWh for many years, 1ct/kWh in the early days of Covid 19 and in June it was 18.9ct/kWh.

https://www.netztransparenz.de/EEG/Mark ... Marktwerte (in German)
cephalotus
Tar Sands
Tar Sands
 
Posts: 581
Joined: Tue 18 Sep 2007, 03:00:00
Location: Germany


Return to Economics & Finance

Who is online

Users browsing this forum: No registered users and 179 guests