Do they have an article on the recent semiconductor ban too? I’d like to revisit in 7 months.
These retards can only see money. Since they were buying the Russian piped gas for cheap, then it must not have been worth much in their view. But that gas price was artificially depressed, since the piped gas was being sold at the Netherlands stock market price at the insistence of the EU, the price had been low for last two years because of LNG dumping by the US and economic slump due to COVID-19 situation reducing gas demand. US was selling LNG at massive price in Asia and dumping their excess in Europe at marginal price. Now that Russian piped gas is not available, the EU is seeing the real cost of US LNG.Hey, who could have put predicted this? It's not as if Russia a major energy supplier who was right next door to the biggest manufacturer centre in the world. Or that Europe was completely reliant on Russian energy...
These retards can only see money. Since they were buying the Russian piped gas for cheap, then it must not have been worth much in their view. But that gas price was artificially depressed, since the piped gas was being sold at the Netherlands stock market price at the insistence of the EU, the price had been low for last two years because of LNG dumping by the US and economic slump due to COVID-19 situation reducing gas demand. US was selling LNG at massive price in Asia and dumping their excess in Europe at marginal price. Now that Russian piped gas is not available, the EU is seeing the real cost of US LNG.
The UK, the idiots who started this whole natural gas stock market exchange idiocy instead of relying on stable long term prices like the other oil and gas countries have been doing for decades, also thought they were immune, because they weren't buying natural gas from Russia. They were buying it from the Netherlands. Which were buying gas from Russia. Real smart. So now they are suffering 4x natural gas price hike despite being a major gas producer themselves.
While the UK state revenues have failed to grow since 2008, its expenses have increased by 50% before the Ukraine war. All at a time when it is purported to be undergoing austerity. They thought they would be smart by gambling on gas pricesThese retards can only see money. Since they were buying the Russian piped gas for cheap, then it must not have been worth much in their view. But that gas price was artificially depressed, since the piped gas was being sold at the Netherlands stock market price at the insistence of the EU, the price had been low for last two years because of LNG dumping by the US and economic slump due to COVID-19 situation reducing gas demand. US was selling LNG at massive price in Asia and dumping their excess in Europe at marginal price. Now that Russian piped gas is not available, the EU is seeing the real cost of US LNG.
The UK, the idiots who started this whole natural gas stock market exchange idiocy instead of relying on stable long term prices like the other oil and gas countries have been doing for decades, also thought they were immune, because they weren't buying natural gas from Russia. They were buying it from the Netherlands. Which were buying gas from Russia. Real smart. So now they are suffering 4x natural gas price hike despite being a major gas producer themselves.
Not surprising at all except for the UK outperforming everyone by per capita.
View attachment 99411
Biden warns U.S. faces 'decisive decade' in rivalry with China
Source:
Non paywall source:
Hopefully, facing such hostilities, China doesn't have to worry about brain drain to the U.S. and U.K. from now on.
It seems that German business has won so far.I.e. we have to spoon-feed little Habeck some basic economics 101 because the guy is a children books author and has no qualification whatsoever being an economics minister
Volkswagen to Invest $2.3 Billion in China Autonomous Driving Venture
- Carmaker, Horizon target cost, power saving single chip
- VW seeks to improve offering for local consumer tastes