European Economics Thread

[gelgoog]

Biden screws Europe again. This time by stopping US LNG export terminal construction. At a time the Red Sea is basically blocked to Qatari LNG.

The US's whole claim of becoming the world's largest LNG supplier and replacing the Russian gas supply was bunk anyway. There simply isn't enough US natural gas production to cover both US demand and replace Russia as a supplier. No matter how many LNG export terminals they build.

 

[yearofrooster]

https://twitter.com/i/web/status/1750060343848575213

oh look at these costs on UK NPP

For all the love thrown at NPP in the West now, they can't build them on schedule or close to on cost

The one in Sidewell C is worse. Completion date is now 2040.

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[luminary]

All kinds of coping just to avoid pointing what's really behind the deindustrialization of Germany.

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Business Panorama via machine translation

 

[gelgoog]

The one in Sidewell C is worse. Completion date is now 2040.

They are building the EPR. It took the French 18 years to build the EPR in Finland.
Even China took 9 years to build their EPRs. Since the French are building the reactors in the UK, and they don't want any Chinese there, well, I'll leave the consequences to your imagination.

 

[sunnymaxi]

 

[horse]

This is just hard to believe.

Everyone saw it coming a mile away.

Especially the German companies that would be negatively impacted.

Yet, the German government did nothing, until now, where they issue a statement that German industry is no longer competitive.

It is too late.

One thing about de-industrialization, it tends to stay that way.

You need know-how and capital.

De-industrialization destroys both. Lose the people and their skills are gone, and the capital is gone as the factory closes.

 

[SanWenYu]

The no. 1 fights the no. 2. Victim is the no. 3. What a tragedy.

 

[BlackWindMnt]

View attachment 125052

Garden economics at work

 

[tphuang]

This is all you need to see about germany

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The decline in energy intensive industries is even more plain to see

And you can see China grew 5% but electricity generation went up 7%. Clearly, some of that is taking energy industries away from Europe.

 

[ficker22]

This is just hard to believe.

Everyone saw it coming a mile away.

Especially the German companies that would be negatively impacted.

Yet, the German government did nothing, until now, where they issue a statement that German industry is no longer competitive.

It is too late.

One thing about de-industrialization, it tends to stay that way.

You need know-how and capital.

De-industrialization destroys both. Lose the people and their skills are gone, and the capital is gone as the factory closes.

Current legislation is a pro-US 5th column. None of those suckers have Germany or Europe in mind.