Wednesday 6 October 2021

Genius

Albert: yes. Angela: no
Merkel shut down Germany’s nuclear power stations. After they’ve been operating safely for over 70 years. Shut down — inevitably to rely more on coal … and Russian gas. She supports Nordstream 2 pipeline from Russia.

Now Russia is raising gas prices to the whole of Europe. There are gas shortages and sharp price rises to the consumer.

Russian gas giant Gazprom decided to raise the average gas export price for European countries. The company’s managers expect it to reach $240 this year, which is way more than what Gazprom and market analysts had forecasted. The decision is driven by the increasing demand for natural gas. [Link]

Genius, Angela.