Earlier quoted context omitted.
Currently in EU renewable energy is practically 40%. So there is zero point in digging holes in the ground. They can easily buy the rest and quickly grow renewable energy share (basically what they are doing now).
That seems to high, I came up with 12.4% primary energy in 2021 and 22.1% gross final energy in 2020 after a quick search.
Europe gas storage reserves – by country, updated daily
111–120 of 130 posts
Re: Europe gas storage reserves – by country, updated daily
#112Quoted post unavailable.
It's not virtue signaling to want to run as fast as possible from the supply of a known aggressor that won't stop trying to invade its neighbors. Germany got itself into this mess it was warned for decades not to. It's going to hurt to decouple, that's a fact.
But it is hardly a point of principle, given how OK everyone had been with the supply of all the other known aggressors.
If it's not virtue signaling and it's obviously not a principle, then what is it?
Re: Europe gas storage reserves – by country, updated daily
#113Earlier quoted context omitted.
That would be a very useless data, as gas consumption depends on the price. And the price is at a historic high, so we simply don't know what that means. German Grid regulator BNetzA created forecasts based on historic consumption and assumed savings. But right now we have storage level way above even the most wildly optimistic scenario. This forcast is so hard i don't think it has any merit. You can have a look at t…
Quoted post unavailable.
>What utter nonsense, of course historical trends are important, we've had high prices before.
Not remotely as high as we have had. Drawing conclusions from price elasticity at 25€ to price elasticity at 300€ is nothing but pure speculations.
>. Also many companies would normally hedge the prices, after all large factories and power stations don't just shutdown because of price fluctuations.
Made up financial instruments are useless when the counterparty simply does not fullfill their contracts. Right now we care about actual prices, for actual, physical delivery.
>The problem we have now is that the idiotic policies of EU governments will make the price essentially infinite because there will be no f'ing gas.
Conterpoint: The price is not infinite. What's happening with the infinite money glitch for buying gas for storage is that the price of the scarcity in the winter was priced in since this spring. Spreading out a scarcity event to something longer and less serve gives markets time to adjust. There is nothing idiotic about this, it's pure common sense.
>This year is massively exceptional
Yes, that's my point, why forecasts do not make much sense.
>aforementioned strategic leadership from the governments but we've had plenty of "normal" years to draw consumption trends from.
And what's your point? Is the not exceptional and we can make forecasts, or is it infinite? Your post is completely incoherent and does not make any sense.
Re: Europe gas storage reserves – by country, updated daily
#114Earlier quoted context omitted.
A view from Germany: Up to Russian invasion this February: old oil furnaces were being avidly replaced with natural gas ones. Solar installations were starting to slack off. Lots of re-roofing and new exterior wall insulation. Since then: no slacking in the roofing and exterior wall insulation, but now everyone has a keen interest in heat pumps, and solar panels are being installed everywhere. Gonna be hard to convin…
> Since then: no slacking in the roofing and exterior wall insulation, but now everyone has a keen interest in heat pumps, and solar panels are being installed everywhere. France here... Seeing how things were turning in May I turned my open fireplace into a closed one (way better efficiency) and ordered metric shit-tons of dry wood (I've now got enough for at least two years). Thankfully my house ain't using natural…
What do you mean with the quotes? It's not by chance, it's due to backlogged maintenance (due to Covid) and some corrosion issues in a few reactors. The plan is to have all maintenance over before the winter.
Re: Europe gas storage reserves – by country, updated daily
#115Earlier quoted context omitted.
Have you ever been to any of the mentioned countries or spoken with people from there, or is your opinion based on what you hear and see as an outsider?
I've been to Macedonia, Poland and Hungary and I agree with everything said and implied about those countries in the GP. It is not necessary to travel to Poland or Hungary to be aware that the populist governments of these countries have embraced conspiratorialism, anti-semitism, anti-ziganism, revisionism, homophobia, while openly disregarding liberal institutions such as the separation of church and state, independ…
Would you throw them under the bus just to keep the populists out of the Union?
Also now that apparently Sweden is going to have a populist right-wing government, should they leave the EU?
To be clear: I'm asking these questions to highlight the ridiculousness of looking at a whole country through the lens of their (temporary) government.
Re: Europe gas storage reserves – by country, updated daily
#116Earlier quoted context omitted.
> I assume the taps from Russia will turn back on Why? The current trend is to work hard in order to reduce any form of business with Russia that would help them to rebuild the army and become a threat again.
I assume that turning the taps back on would be seen as a short-term thing in order to fill storages and avoid short-term economic/humanitarian domestic issues. There's surely no country left left in the EU that considers Russia to be a tolerable long-term trading partner, except maybe for Hungary.
Especially right now, when they can leverage the Russian situation and annoy the EU by striking favorable deals.
Re: Europe gas storage reserves – by country, updated daily
#117Earlier quoted context omitted.
Have you ever been to any of the mentioned countries or spoken with people from there, or is your opinion based on what you hear and see as an outsider?
I've been to Macedonia, Poland and Hungary and I agree with everything said and implied about those countries in the GP. It is not necessary to travel to Poland or Hungary to be aware that the populist governments of these countries have embraced conspiratorialism, anti-semitism, anti-ziganism, revisionism, homophobia, while openly disregarding liberal institutions such as the separation of church and state, independ…
They are incredibly closed and conservative (in their own ways) societies, against any form of integration and modernisation, while at the same time leeching off any benefits the host states provide them (healthcare, benefits, infrastructure) while not only providing nothing in return, but a negative effect.
Re: Europe gas storage reserves – by country, updated daily
#118Earlier quoted context omitted.
Not all reduction of consumption decreases output. For example, leaks could be plugged, insulation can be improved, more efficient machines could be used. Also, not all output is equal, not does all output have to be done at a fixed time. Heating homes has to be done during winter, but some factories can postpone production a few months to wait for more favourable circumstances. Furthermore, it's only a reduction in…
For example, a lot of cities in Germany cut back on indoor pools this summer, and are considering it for the winter. Sounds trivial, but keeping 25m long indoor pool 23-24 degrees in the winter takes a lot of energy. It would suck for people who had gotten used to them being open again after the Covid years, but wouldn’t have much negative economic impact.
Re: Europe gas storage reserves – by country, updated daily
#119Earlier quoted context omitted.
> Poland and Hungary, two countries which should never have been allowed to join and are currently causing the union a lot of issues May I know why exactly these two countries should not be allowed to join EU? Because they cause issues? I mean, every country causes some issues. In the current context Germany and its former government lobbying for Russian gas causes issues of perhaps much larger scale. Tell me about c…
> Because they cause issues? I mean, every country causes some issues. Both Hungary and Poland have been consistently undermining the rule of law for years. Hungary has also started going after freedom of expression and minority rights and let’s not talk about the anti-gay laws for which the European Commission is suing them. The only reason they haven’t been stripped of their voting rights in the EU (the harshest sa…
The current ruling party's conservative coalition from 2005 collapsed under its own weight in two years.
You're judging the whole situation through the lens of the actions of a single political party, which came into power only because as liberal as liberals might be, they were sort of okay with having a sizeable disenfranchised minority in the country.
Re: Europe gas storage reserves – by country, updated daily
#120Earlier quoted context omitted.
And just after that quote I said: >but it has shown itself to be an unreliable supply Russia is using gas to try and keep Europe out of the conflict. Once the war ends that ceases to be a motivator. Thus I assume they will turn the taps back on. That doesn't mean we want to rely on it which is the whole point of the question. Victory in Ukraine doesn't end this, so what's the end game. Is there going to be a further…
> Russia is using gas to try and keep Europe out of the conflict. But it's not working, is it? Practically the whole Europe is helping Ukraine, sending weapons and everything we can to help. It's not the question of how much gas Russia offers, it's the question of how much Europe is willing to take from them. Russia's status is very close to North Korea now - it's just unethical to make business with a state that got…
I'm not saying we're going back to russian gas. Again that's the point of the question!