50% Is Pretty Dependent

I’d say. But maybe that’s just me.

Hey, the Germans couldn’t have done it without Angela Merkel.

Factbox: How dependent is Germany on Russian gas?

Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia’s invasion of Ukraine.

Well, We’ve All Been Wanting To Lose Weight Anyway

Always look on the bright side of Russian invasions – of one of the world’s top wheat exporters.

Germany to host G7 meeting on Ukraine invasion’s impact on food security – Germany will host a virtual meeting of agricultural ministers from G7 countries on Friday to discuss the impact of Russia’s invasion of Ukraine on global food security and how to best stabilize food markets, the government said.

“The provision of foodstuffs in Germany and the European Union is safe but greater shortages can be expected in some countries outside the EU – especially where scarcity already reigns today due to issues like drought,” German Agriculture Minister Cem Oezdemir said in statement.

“Price hikes for agricultural products cannot be excluded in industrialized nations either.”

The German Culture Cult Thinks War Is Bad

And that it should be stopped immediately. And the rest of us need to know that they think war is bad and that we, the less-cultured, should think it is bad too. War ain’t got no culture, in other words.

I know!, the cultured say after brainstorming. We’ll hold a “Concert for Peace.” That’s never been tried before. We will also make paintings of doves holding olive branches. That ought to have the desired effect. Anti-war books are also in the process of being written. Once they are published and airlifted to those making war, and read by them, this will definitely stop the war, provided it hasn’t been stopped already by, I dunno, all the cultured people of the world holding hands together and singing “Imagine” while waving Ukrainian flags with “No war!” on them to “express solidarity” or “make a statement” or “set a sign” and bring an end to this awful, culture-less conflict.*

But be warned, you war mongers out there: If none of this works, the culture may escalate. And you don’t want that.

*Yes, it’s true. Cultured people can hold hands together and wave a flag at the same time.

Bad American Fracking LNG Suddenly Not That Bad After All

In Germany. Not nearly as bad as it was a few days ago, in fact. Just like that. It’s magic or something. It’s fracking inexplicable!

Germany Goes Ahead With First LNG Terminal to Cut Dependence on Russian Gas – Germany unveiled more details Saturday on its plan to build its first liquefied natural-gas terminals as it seeks to wean itself off its dependence on Russian gas.

The terminals are the latest step in Berlin’s diversification efforts that have been urgently ramped up in recent days following Russia’s attack on Ukraine. Germany gets around 55% of its gas from Moscow and has long been resistant to diversifying away from cheap and plentiful Russian energy supplies.

Germany last week halted the $11 billion Nord Stream 2 project, which would have doubled the capacity of an existing pipeline traveling along a similar route. The government also announced plans for gas and coal storage and commissioned its gas market trading hub to buy LNG for 1.5 billion euros, or the equivalent of $1.64 billion, from outside Russia.

The Long And Winding Road

Of German bureaucracy. Has it finally come to an end for Tesla?

I still wouldn’t bet on it.

Tesla to win approval for $5.5 billion Berlin gigafactory on Friday – The German state of Brandenburg has called a news conference for Friday at which it is widely expected to approve Tesla’s (TSLA.O) 5 billion euro ($5.5 billion) gigafactory near Berlin if certain conditions are met.

“The approval procedure for the e-car and battery factory of the U.S. company Tesla in Gruenheide in Brandenburg is nearing completion,” the state government said in a statement.

Yacht To Have Docked It Someplace Else

That oligarch was really cruising for a bruising. Take a bow, Germany. Looks like there will be a sail on megayachts in Hamburg soon…

European authorities seize oligarch’s megayacht in German port – Authorities in Germany have seized Russian oligarch Alisher Usmanov’s 500-foot megayacht, the Dilbar, as part of the package of sanctions against the Kremlin and its supporters, Forbes magazine reported.

The ship was taken by authorities in the north German port of Hamburg on Wednesday. The megayacht is estimated to be worth $600 million.

Any Other Country Could

And would, of course. But Germany? Planet Germany? German Renewable Energy Disneyland itself? Do NOT place any bets on that one.

Explainer: Could Germany keep its nuclear plants running?

Of the 17 nuclear power plants Germany had at the time, only three remain in operation now: Isar 2, Emsland and Neckarwestheim 2, which are operated by German energy firms E.ON (EONGn.DE), RWE (RWEG.DE) and EnBW (EBKG.DE), respectively.

Under current plans, the plants, with combined capacity of 4,200 gigawatts (GW), will be shut down by the end of 2022.

Good Times

The old days. When Germany could elegantly or less elegantly wiggle out of paying for its own defense (spending 2% GDP for defense like it had promised to pay many, many years ago).

Suddenly, inexplicably, now it’s possible after all. Mysterious, don’t you think? We need to find some experts to explain to us just how this change of heart was made possible.

Putin Accidentally Started a Revolution in Germany – The invasion of Ukraine is triggering a dramatic reversal of Berlin’s grand strategy.

In seven days, Germany has axed its biggest Russian energy project, imposed sanctions that will cause significant pain at home, and instituted a course that will make Germany the largest European defense spender, with the most advanced aircraft and a growing forward presence in Central and Eastern Europe. One can wonder whether Germany’s dedicated detractors in Washington will notice. How did it happen so quickly, when German officials had so tenaciously defended their status quo policies for so long?

German Of The Day: Kehrtwendung

That means u-turn.

In U-Turn, Germany Will Send Weapons to Ukraine – Germany will send weapons to Ukraine including antiaircraft missiles and tank-busting rockets in a reversal of earlier policy, German Chancellor Olaf Scholz said Saturday.

The U-turn was triggered by the Russian invasion, which Mr. Scholz said marked a turning point. “It is our duty to support Ukraine to the best of our ability in defending against Putin’s invading army,” Mr. Scholz said in a statement. “That is why we are delivering 1,000 antitank weapons and 500 Stinger missiles to our friends in Ukraine.”

Tough As Nails

Or as Jell-O, at least. Here’s the latest “Money Makes The World Go Around” going around in Germany (some still refer to it as “the EU”).

Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon at a meeting on Thursday in Brussels, German Chancellor Olaf Scholz said.

He’s right, of course. Doing that would be one of the only things that would actually hurt Putin & Co. and that would be counterproductive.

Die Swift-Keule kommt nicht zum Einsatz.