Or the end of the beginning? Or just the start of the next big ugly mess – once Putin turns the gas off.
Germany: G7 rejects Russia’s demand to pay for gas in rubles – The Group of Seven major economies have agreed to reject Moscow’s demand to pay for Russian natural gas exports in rubles.
“Payment in ruble is not acceptable, and we will urge the companies affected not to follow (Russian President Vladimir) Putin’s demand.”
Pass a law that mandates gas storage facilities be filled by winter.
Only, what are you going to fill these storage facilties with? If Vladimir Putin turns off the gas, I mean. Oktoberfest beer?
Germany approves law mandating full gas storage before winter – The Bundestag lower house on Friday approved legislation requiring Germany’s privately-operated gas storage facilities to be full at the start of the next winter, to try to avert shortages in the event of a halt in Russian gas imports.
That means mega-blackout.
IF PUTIN TURNS OFF OUR GAS TAP – Government warns companies of MEGA-Blackout!
And here’s some more German of the day: Lass den Rubel rollen! That means let the rouble roll, as in spend, get that cash rolling!
And pronto!
But until then, just in case you were wondering:
Germany to continue buying Russian-provided oil, gas, coal – German Chancellor Olaf Scholz on Tuesday again dismissed calls to boycott Russian energy supplies in the wake of the attack on Ukraine.
Scholz said sanctions already imposed on Russia were hitting its economy “and this will only get more dramatic every day.”
At the same time, Scholz said the sanctions were designed to be “tolerable” for those imposing them, including in the long term.
“That is why Germany’s position on this question (of an energy boycott) remains unchanged,” he said.
That means tank discount.
No. Not those kind of tanks. Like tanks of gas. Germans will soon only have to pay an arm for their gasoline. They can keep their legs. For now.
German finance minister plans gasoline discount – German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with doaring prices, Bild daily reported on Sunday.
Germany is in a quandary over its dependency on Russian energy?
Quandary: a state of perplexity or uncertainty, especially as to what to do; dilemma.
When 50% of your oil, gas and coal comes from Russia, that’s no quandary at all. That just means you’re screwed.
Germany in a quandary over Russian energy – Germany has rejected a complete ban on Russian gas and oil imports over Russia invading Ukraine, but voices are growing louder for Berlin to ditch its economic imperative to take a moral stand.
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.
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.
For the country that already pays the highest energy prices in Europe?
Why The Latest Russia Crisis Might Be Worse For Berlin Than Moscow And Kyiv – Germany is wedded to Russian oil and gas. If things got hot, what would Russia do?
“In the hypothetical event of a full-blown conflict between Russia and Ukraine, we would expect the main impact on the eurozone economy to stem from higher gas prices. We would expect gas prices to more than double. Eurozone inflation would hit over 6% by the spring and remain elevated longer than in our base case.”
That means cyberattack.
An oil storage and a supply firm? Why would anybody attack oil storage and supply firms in Germany these days? And who could have possibly done it?
Germany: 2 oil storage and supply firms hit by cyberattack – Two companies involved in storing and supplying oil and other materials said Tuesday they have been hit by a cyberattack that has impacted operations in Germany.
Oiltanking GmbH Group and Mabanaft Group on Saturday discovered what they called a “cyber incident affecting our IT systems” and launched an investigation together with external specialists, the companies said in an emailed statement. They did not elaborate on the nature of the incident or address who might be responsible, and said they are working to understand its “full scope.”
Observing Hermann 