European populations are bracing for a frigid upcoming winter amid an impending avalanche of high energy costs and emerging inflation. On Sunday French Economy and Finance Minister Bruno Le Maire warned that Russia is poised to totally halt gas supplies to Europe and that people must now “prepare”.
“Let’s prepare for a total cut-off of Russian gas; Today that is the most likely option,” Le Maire told an audience at an economic conference in Aix-en-Provence.
He later additionally explained to reporters, “You also have to prepare load-shedding plans, we are doing it. It means looking in a very specific way at each company, each employment area; Which are the companies that should reduce their energy consumption and which are the ones that cannot.”
He said the government is currently compiling a list of these major companies which would be too at risk if their facilities were suddenly deprived of gas supply. They would receive priority in the likely event of a shut-off from Russia. “We have to anticipate and to put ourselves in order of battle as of now,” he emphasized.
As an example, he offered according to Politico:
Le Maire mentioned Saint-Gobain, a major construction materials producer, as an example of companies that should not be deprived of gas supply, even in case of emergency. He pointed to possible damage to production equipment and the risk of environmental consequences.
Germany too is fearing the worst, as its main conduit for Russian natural gas, Nord Stream 1, has long been scheduled to go down for 10-day maintenance starting Monday. But the persisting fear is that Moscow won’t bring it back online, for the purpose of squeezing the German economy further as punishment for its Ukraine stance, forcing Berlin into emergency rationing.
Germany’s population of some 80-million is reliant on Russia for over one-third of total gas supplies, and there’s no immediate alternative. Should Moscow use “routine” maintenance as an excuse to keep supplies halted, some German publications are even predicting social unrest as the squeeze gets put on the working class population in particular.
The prominent English-language Deutsche Welle surveys the alarming situation of many German households, already as rationing of hot water and electricity are taking effect, as follows:
Many renters in Germany are receiving unpleasant letters these days. As energy prices rise dramatically, landlords and property management companies are increasing the monthly flat rate for heating costs. One housing company in Berlin is announcing a 100% increase in heating prices for apartments heated with gas or oil.
Whether this will be enough is not clear. The high energy prices have a delayed impact because the advance payments are not offset against the actual costs incurred until the end of the year.
The GdW, an association that represents 3,000 housing companies, has calculated that each household would have to budget up to €3,800 ($3,870) more for energy in the coming year.
DW concludes of a potential domino effect from a Russian supply cut-off that “the entire economy would be affected. Prognos estimated that, if Russian gas supplies were to fail, Germany’s economic output could drop 12.7% by the end of the year.”
As we discussed previously, just how bad things could get will be revealed starting July 22 – which marks the pre-scheduled date that theoretically marks the end of the maintenance plan to “test mechanical and automated systems” on Nord Stream 1. There could easily be serious “problems” with parts found, potentially allowing Russia to extend the “maintenance shut-off” indefinitely.
Deutsche Bank strategist Jim Reid previously asked whether this could be the most important day of the year: “while we all spend most of our market time thinking about the Fed and a recession, I suspect what happens to Russian gas in H2 is potentially an even bigger story. Of course by July 22nd parts may have be found and the supply might start to normalise. Anyone who tells you they know what is going to happen here is guessing but as minimum it should be a huge focal point for everyone in markets.”
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and suddenly for no reason at all…
The European leaders have descended into insanity. At least our “leader” has the excuse that he is obviously demented and senile. God knows what kind of shit is going to hit the fan…….
I’m sure the “Welcomed Refugees” aren’t going to like this one bit. They didn’t come to Germany to freeze while they got free stuff.
Maybe they’ll all illegally relocate to NJ, where Gov. Horse Teeth is giving all illegal aliens $2,000 and illegal families $4000 from excess covid relief funds. They’re his main constituency bc they vote in NJ after they’re registered when they get their free drivers licenses.
https://www.shorenewsnetwork.com/2022/06/02/phil-murphy-to-pay-illegal-immigrants-in-new-jersey-sanctuary-state-4000-per-household-using-covid-funds/
Camden, here they come!
lol
Russian proverb:
“Germans, they are either at your throat or at your knees.”
It would appear the latter is at play today.
I will pitch in some funds to help transport the illegals from W TN to NJ as long as they do not come back, ever.
“You will freeze to death and like it.” Supposed new slogan for the WEPH.
Heads on pikes at the city gates always warms the cockles of the heart. With the stupidity of the elected European “leaders” that might be the only thing keeping the serfs warm come a few months from now.
Stupid gets one right once in awhile, evil doesn’t. So Evil.
That means many ‘murikans will freeze as well, with nat. gas and home oil prices doing nothing but going up and obiden shipping oil to china from the SR. I figured that obiden would ship most of the nat. gas to europe, BUT…those nat. gas facilities just keep blowing up; https://www.zerohedge.com/commodities/explosion-rocks-oklahoma-natural-gas-plant
I reckon that all the oil pipelines in ‘murika will ‘blow up’ before winter and electric generating plants will ‘catch fire’ as well.
You must have peeked at the plans …
I don’t think it will ever get under 100F again, so I am not worried about freezing.
We got much needed showers yesterday and temps in low 90’s today with humidity below 50%, so it was quite pleasant.
Won’t see humidity below 50% until October. In the true dog days in my neck of the woods.
This was a pleasant surprise and I was able to sit on the patio until 10 pm last night.
They don’t need to worry about freezing this winter because climate change, no more winters duh.
I’m guessing that freezing to death is less painful than starving to same.
I’m not that concerned about freezing to death, because that would require the temperature where I live to below freezing.
I have heard it is one of the easier ways to go. Nitrogen narcosis is probably the best. It is also known as rapture of the deep.
Guillotine 2022.
go woke; go broke.
the stupid fuck germans elected these totalitarian fucktard leaders – or the voting machines did – so that they could virtue signal their precious support of green and jukraine. i hope that they all freeze to death in dark cold.
and how did coal get made over as green energy after these fucktards spent the last 40 years castigating it as evil?
So much of the negative vibes.
Who needs Russia, Russia, Russia, gas, oil, fertilizer or rare earths?
They have plenty of sunlight and wind and if that is not enough fire up the recently shut down nukular power plants, golly gee, Go Green or Radioactive.
French, German Leaders Warn Populations “Prepare For Total Cut-Off Of Russian Gas” As Social Unrest Looms
French, German Populations Warn Leaders “Prepare For Total Cut-Off Of Your Heads” As Social Unrest Looms
If I were to post that Europeans were not very smart in going down this hate-Russia road on ZeroHedge, I would be banned…again.
Zero Hedge are cat lovers anyways.
Then do it.
You need to wean off your commenting-on-ZH addiction anyways… 😉
Amazing, isn’t it? The west imposes sanctions, but are terrified that Russia might, you know, respond. The wonder is that Russia hasn’t already turned the gas off. They are taking a very measured approach seems to me.
A customer of mine once told me “Don’t let your money get mad.”
As soon as Russia builds out the infrastructure to export to their new customers, the old customers will be cut off. In the meantime, they will get Europe to buy gas/oil/fertilizer with Rubles and/or gold, driving up the price of the Ruble. It is a win-win-win for Russia.
Fauchi will end up being responsible for more deaths than that paper hanging asshole
“…The tunnel crosses the border between Switzerland and France at four points, with most of it in France.”
Well, Bruno Le Maire,
i CERTAINLY hope you won’t curtail any of the feeds to the Collider. Yinz probably supply some infinitesimal amount?
Sincerely, Savoir-Faire is everywhere!.
The people may find out who is responsible for Russia cutting off their gas supplies and use the method employed in the ’90’s by the French people. That would be the 1790’s for those who do not get the reference.