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  1. #726
    Thailand Expat OhOh's Avatar
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    Europe's Energy Crisis Is Going to Get Worse. The World Will Bear the Cost

    More measures are needed to curtail demand and boost supply.

    Oct 13th 2022

    "Ukraine cannot repel Russia’s invasion without the support and strength of its allies. The recent rapid advance of the Ukrainian army has shown the huge pay-off it reaps from Western arms shipments and intelligence-sharing. Russia’s missile attacks on civilian targets this week are a sign of its desperation in the face of military defeats.

    Unfortunately, away from the battlefield there is a growing and under-acknowledged threat to the Western resolve on which Ukraine relies. Europe is mishandling the energy crisis Russia has inflicted on it. Its failures could not only harm Europe, but also sap public support for the war effort.

    On the surface Europe’s predicament seems less perilous than it did. Despite Russia this year reducing flows of gas into Europe to half their normal levels, the eu’s gas-storage facilities are over 90% full, having been topped up with abundant imports of liquefied natural gas (lng). October looks likely to be unseasonably warm, reducing energy demand. The price of European gas for delivery in December is down about 33% from mid-September and 50% from its highs during a panic this summer.

    Yet this balmy picture is fuelling complacency. Long-range weather forecasts suggest November and December could be cold. And gas storage is not enough to replace lost Russian inflows. If these fall to zero, normal energy consumption would leave storage perilously low by March, which can be chilly. Cold weather in Asia or a rebound in China’s economy may make lng dearer. And a huge challenge looms in preparing for the winter of 2023-24. Europe needs to refill its storage all over again, but this time possibly without any Russian gas. Every unit of stored gas that Europe burns now is one it must replace next year.

    Curbing demand is an urgent task. Yet governments have so far focused on subsidising energy prices and protecting households and businesses from the shock. Italy did not cut its consumption at all in the first six months of 2022. At the end of September, cold weather in Germany briefly took gas consumption to 14.5% above the 2018-21 average. Britain is capping energy prices and is only belatedly pledging a public-information campaign on conserving energy—while lobbying neighbours to keep sending electricity. An incipient plan for the eu to buy gas jointly could lower prices, but will not solve the shortage.

    Some countries have unveiled energy-saving plans. On October 6th France lined up ministers for a long presentation advising cooler swimming pools and slower driving. Spain’s cabinet approved a set of measures on October 11th. Germany has unveiled a clever scheme to reduce bills while preserving incentives to conserve energy. But the overall effort is piecemeal, and is unlikely to meet the eu’s target of a 15% reduction in demand. Achieving that goal will be essential if Russian supplies are cut off fully, even if lng remains plentiful. Yet the target is voluntary and littered with exemptions.

    The alternative to cutting demand is boosting supply, but governments have been dragging their feet here, too. Germany is reluctantly extending the life of two of its nuclear plants, but only until April 2023. France objects to a new gas pipeline from Spain to Germany, which would enable more of Spain’s lng imports to flow to the rest of the continent. The French government says the pipeline clashes with Europe’s climate goals, but cynics suggest its real aim is to protect its nuclear-power industry.

    Most short-sighted is Europe’s failure to take advantage of its own gas reserves. The Netherlands boasts a gasfield in Groningen which could, without any new infrastructure, provide about half as much gas as Russia used to supply to Germany. Yet production is minimal and the field is scheduled to close by 2024. The Dutch government fears the wrath of local homeowners who have suffered in the past when pumping gas has triggered earthquakes.

    Only about 22,000 houses that are yet to be reinforced are assessed as being at risk of damage should Groningen produce at full capacity. The costs of compensating those homeowners, or indeed all residents of Groningen, for their losses are only a fraction of the revenues that could be earned from the field’s gas. And those revenues do not account for the knock-on economic and strategic benefits of replacing Russian gas. Given the stakes of the conflict in Ukraine, closing the Groningen field as scheduled would be astonishingly blinkered.

    Europe’s politicians must stop acting as if the energy shortage is a one-winter affair that can be weathered by handing out subsidies.

    Unless they redouble their efforts to bring supply and demand into balance, they risk a worse and more costly energy crisis in 2023 or beyond—one for which Ukraine could end up paying a big share of the price."

    Europe is growing complacent about its energy crisis | The Economist
    Last edited by OhOh; 16-10-2022 at 12:43 AM.
    A tray full of GOLD is not worth a moment in time.

  2. #727
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    Amazon Prime
    Not knowing whatever "Amazon Prime" is, I cannot comment.

  3. #728
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by panama hat View Post
    Such an easy article to tear apart
    As is all of the nonsense he posts.

  4. #729
    Thailand Expat OhOh's Avatar
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    19 Oct, 2022 09:39 HomeWorld News

    Europe to face worse gas crisis in 2023 – Qatar

    With “zero” fuel coming in from Russia, the region will have “huge” problems “for a very long time,” the energy minister predicted.

    "Europe is facing a shortage of natural gas over the next several years due to the break-up of trade with Russia, the energy minister of Qatar, a leading global exporter of liquefied natural gas (LNG), has said.

    Replacing all Russian gas with other sources doesn’t seem like a viable strategy, Saad al-Kaabi told the Financial Times in an interview published on Tuesday.
    If “zero Russian gas” flowed in to the EU, as Brussels intends, “I think the problem is going to be huge and for a very long time,” he said.

    “You just don’t have enough volume to bring [in] to replace that gas for the long term, unless you’re saying ‘I’m going to be building huge nuclear [plants], I’m going to allow coal, I’m going to burn fuel oils’,” the minister explained.

    The EU leadership prides itself on having reduced the share of Russian gas in the bloc's mix from some 40% to just 7.5% in seven months. Brussels hopes to massively ramp up supplies of LNG and increase piped imports from Norway and Algeria to fully eliminate reliance on Russian energy.
    READ MORE: EU rolls out energy crisis plan
    The surge in demand from Europe is meeting some resistance from traditional markets for LNG in Asia. China has reportedly ordered its state importer not to re-export excess gas due to concerns over a possible deficit in the winter.

    Kaabi warned in the interview that while European nations had accumulated enough gas in storage facilities to make it through the upcoming winter relatively unscathed, there is no certainty that this will be the case in future seasons. The energy crisis may be “much worse next year,” unless Russian gas is imported, he said.

    “This coming winter, because of the storage capacity being full, it’s fine,” the Qatari official stated. “It’s really replenishing the reserves, or the storage, for next year that’s going to be the issue.”

    Next year and the following year, even up to 2025, are going to be the issue.

    Commenting on the challenges that the Europeans are having in securing supplies from his nation, the minister said Doha was concerned about losing the EU market in the future because of its larger goal of moving away from fossil fuels.

    Europe needs to “get off the discussion that gas is not needed for a long time,” he suggested, “because everybody who’s going to invest in the gas sector, they’re looking at 25, 30, 40-year horizons to invest and to get reasonable returns on the investments.”

    QatarEnergy, the state-owned company that Kaabi also heads, prefers long-term contracts for 15-20 years in foreign trade."

    Europe to face worse gas crisis in 2023 – Qatar — RT World News

  5. #730
    Thailand Expat harrybarracuda's Avatar
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    Europe needed to get off fossil fuels anyway - what better incentive? Short term pain for long term gain.

  6. #731
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    Europe needed to get off fossil fuels anyway
    Ensuring a replacement would have been a sensible prerequisite.

  7. #732
    Thailand Expat helge's Avatar
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    Quote Originally Posted by OhOh View Post
    Ensuring a replacement would have been a sensible prerequisite.
    Oh yes

    But think about it:

    In Denmark folks are moving out of houses and flats. To where ?

    To camping sites where they'll live in their trailers.


    These sites are just about full now.


    But hey......we got our own trailer trash now.

    We are on the map!


    What a disgrace

  8. #733
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    If Europe does not even have security of energy supplies- and those sources that it has it pays a premium for, what idiot would invest in it? More likely you will see an exodus of industry to other places. Just economic suicide.

  9. #734
    Thailand Expat helge's Avatar
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    Quote Originally Posted by sabang View Post
    More likely you will see an exodus of industry to other places. Just economic suicide.
    Tech companies like Google, Facebook and you name it, has flocked to Denmark, due to their enormous needs for "green" and stabile energy.

    We had the cool climate also, which is ideal for the ridiculous amount of consuming servers they need.

    Well


    Our windpower, that WE have subsidized, is being swalloved up by the EU,
    (only plug in that hole is the antiquated cable net in Germany, that hasn't got enough capacity,( Danke !))

    right along with our limited gas.(that has been given away)

    Actually Total is opening up a new danish field from where the gas will go to the UK.


    Such solidarity !


    Something very rotten here


    The Tech giants need not to worry though

    We still got the cold climate

  10. #735
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    Quote Originally Posted by sabang View Post
    Countries With the Most Immigrants - WorldAtlas
    You missed the country with the highest proportion of immigrants.

  11. #736
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    Then elucidate us, david.

  12. #737
    Thailand Expat helge's Avatar
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    Quote Originally Posted by david44 View Post
    You missed the country with the highest proportion of immigrants.
    Qatar

    If brown slave labour counts

  13. #738
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    Quote Originally Posted by sabang View Post
    Then elucidate us, david.
    Holy See all residents are immigrants, other than some WW2 Jewish refugee mothers and one servant no children for years and fewer than a dozen since established in 1929.
    They are all foreigners.

    The Romanian baby will probably be the only person this century to claim Vatican citizenship

    Homeless Woman Gives Birth in St. Peter's Square, Receives Free Year in Vatican Apartment

    The Vatican has begun reaching out to a number of homeless individuals in the area

    By Alex Heigl
    Published on January 21, 2016 02:50 PM

  14. #739
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    Quote Originally Posted by helge View Post
    Qatar

    If brown slave labour counts
    UAE has a higher proportion than AlThanistan

  15. #740
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    In response to PH (the self styled economist who didn't even know a Bond was an instrument of debt) shitposting-


    Europe risks deindustrialization as soaring energy prices prompt corporate shutdown, exodus


    Many industry observers warned that a prolonged energy crunch could erode Europe's industrial structure for good, and the shutdown and exodus of European companies have sparked a deeper concern over the risk of deindustrialization on the continent.

    FRANKFURT, Oct. 6 (Xinhua) -- European corporations have been forced to reduce or halt production and shift investments to the United States to reduce costs amid soaring energy prices.

    Many industry observers warned that a prolonged energy crunch could erode Europe's industrial structure for good, and the shutdown and exodus of European companies have sparked a deeper concern over the risk of deindustrialization on the continent.

    The stubbornly high energy prices have already taken a toll on European companies. Dutch aluminum maker Aldel said it is halting primary aluminum production because of surging electricity prices. Dutch fertilizer producer Yara Sluiskil has shut its fertilizer plant.

    ..... Netherlands-headquartered Rabobank said that more energy-intensive companies, such as those in the chemical, paper, metalwork, rubber and plastic industries, will be forced to reduce or halt their production in the future.

    Europe risks deindustrialization as soaring energy prices prompt corporate shutdown, exodus

  16. #741
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    Sydney? I dunno, but I sure don't know either how you could get through an Economics or Commerce degree without knowing what a Bond is. I mean, it's only the prime instrument of debt.

  17. #742
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by david44 View Post
    AlThanistan
    What country is this?

  18. #743
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by panama hat View Post
    I guess the university I gained my Economics degree from is 'self-styled' . . .
    Actually just chinky bot farm propaganda. He can't help himself.

    Europe risks deindustrialization as soaring energy prices prompt corporate shutdown, exodus

    unreguser,He Lili,Wang Xiangjiang -

  19. #744
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    Quote Originally Posted by OhOh View Post
    What country is this?
    Al Thani family

    The House of Thani (
    Arabic: اَل ثاني, romanized: Al Thani) is the ruling family of Qatar, with origins tracing back to the Banu Tamim tribal confederation

    Guutur press reveal the origin of Al Qatr

    Its just near the Nagastani consulate, cool as a mountain stream

  20. #745
    Thailand Expat OhOh's Avatar
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    Quote Originally Posted by david44 View Post
    Al Thani family
    Thanks.

  21. #746
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    Quote Originally Posted by david44 View Post
    The House of Thani (Arabic: اَل ثاني,
    FYI, for those who are interested: There's a typo in there (the wiki page it came from). It should be آل not اَل .

    The Arabic wiki page has it spelt correctly.

  22. #747
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    Quote Originally Posted by Neverna View Post
    spelt correctly
    ar eye sit utterly 'umbled

    psted wong meer lea mumbled

    Green owed to the sage

    afwan later

    لطيفة انظر لفة

    Were you under a strict teacha behind that mulberry bush tho?

  23. #748
    Thailand Expat helge's Avatar
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    Quote Originally Posted by Neverna View Post
    FYI, for those who are interested: There's a typo in there (the wiki page it came from). It should be آل not اَل .

    The Arabic wiki page has it spelt correctly.
    Okay......

    Respect

  24. #749
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    Tell us more about you wanting to live in China, Russia and Iran



    1. I could easily live in China. No problema
    2. I would like to visit St Petersburg, in summer
    3. I would like to visit Iran, it's one of my top unvisited destinations


    There, that wasn't so hard was it? And not one single lie.

  25. #750
    In Uranus
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    Quote Originally Posted by sabang View Post
    Europe risks deindustrialization


    Xinhua News Agency

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