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Germany has seized control of Gazprom Germania

businessinsider.com

131–140 of 424 posts

Re: Germany has seized control of Gazprom Germania

#131
post #60

Earlier quoted context omitted.

> Nuclear canceled by the Green Party .. after Fukushima. Trading one tail risk for another. (Germany has oddly lagged in deploying renewables, though. Possibly due to lack of offshore sites, meaning that wind farms have to be deployed against the efforts of NIMBYs)

"After Fukushima" is the funniest part of this. Baltic and North seas are well known from their gigantic tsunami waves.

German Nuclear plants are usually on rivers, and as we’ve seen in the past year, those can have huge floods destroying everything around. You don’t want your nuclear plant’s backup generators to look like Ahrweiler.

Re: Germany has seized control of Gazprom Germania

#134
post #39
post #10

It's nice to see Germany start working towards energy independence. I think it's a crucial factor for both national security and a faster migration to more environmentally friendly energy sources.

Yeah, they got top minds on this. Top. Minds. Nuclear canceled by the Green Party and pre-March went all in on Russian oil and gas.

Uranium is also imported. Overall the EU gets 20% of its uranium from Russia and another 20% from Kazakhstan, which is economically deeply tied with Russia.

Re: Germany has seized control of Gazprom Germania

#135

Despite germany's strong dislike for east europeans I am glad to see they are taking measures to help their allies. This is a positive move in the right direction, I hope we figure a way to help germany solve it's dependency of russia in due time, as indeed their economy needs protection.

> Despite germany's strong dislike for east europeans

It's news to me that we strongly dislike Eastern Europeans?!

Some folks definitely do, especially in logistics or people who live close to the border, mostly due to economic frustration regarding lost jobs and some amount of crime coming from Eastern Europe but Germany as a whole doesn't dislike Eastern Europe...

Re: Germany has seized control of Gazprom Germania

#136
post #126

Despite germany's strong dislike for east europeans I am glad to see they are taking measures to help their allies. This is a positive move in the right direction, I hope we figure a way to help germany solve it's dependency of russia in due time, as indeed their economy needs protection.

Why is protecting the economy more important than stopping the funding of the Russian army and their military invasion?

Even if we stop paying for gas and oil right now, that won't stop the Russian invasion. They have massive currency reserves, are relatively self sufficient etc.

Whereas if we do not receive gas anymore, it would wreck our own economies, which would lead to massive unemployment, social unrest and maybe going to the political extremes in the long run.

It would basically be European suicide. We need to be strong to help Ukraine.

That being said, the day we can stop paying for Russian gas is the day we will truly be free. Germany's liberatarian finance minster called renewables "freedom energy" and that could not be truer IMO.

Re: Germany has seized control of Gazprom Germania

#137
post #67

Earlier quoted context omitted.

This depends on how much has been sourced locally before and how much has been sourced from the US. Like buns and meat and so could be sourced locally. But spice (mixtures) may have been imported and the mixture recipe is locally unknown.

It can't be that hard to reverse engineer a spice mixture in 2022.

As we're not talking about small cuts of leaves but some highly industrialized component it is not so easy as counting leaves and mixing them together. You can certainly analyse the flavors, but that won't tell you much on the production process for creating this with all the artificial components.

However that could creates some creativity in place and create similar, but different (better? Worse? Who knows) products.

Compare this to Coca Cola in Germany during WW2. Due to the embargos they couldn't deliver the "secret syrup" so Coca Cola Germany used some "fantasy" and created (the predecessor of) Fanta, which nowadays is a brand of Coca Cola served in multiple countries (with differeing recipes)

Re: Germany has seized control of Gazprom Germania

#138

They sold the company to new owners on Friday who then tried to liquidate it. Gazprom Germania is the counterpart to Gas dealers and utilities. It then has an intra-company agreement with Gazprom Russia. If they had liquidated, those contracts would have been gone and the Gas dealers & utilities would have had to renegotiate new contracts with Gazprom Russia. This would have allowed them to require payments in Rubles…

From what I've read, the contracts between Gazprom Germany and Gazprom Export (on the Russian side) do not have a fixed settlement currency.

> This would have allowed them to require payments in Rubles instead of Euros

"allowed" is a funny word - this situation is way past a point where cross-border contracts on either side hold any legal value. How are you going to hold anyone accountable for breach of contract?

Re: Germany has seized control of Gazprom Germania

#139
post #126

Despite germany's strong dislike for east europeans I am glad to see they are taking measures to help their allies. This is a positive move in the right direction, I hope we figure a way to help germany solve it's dependency of russia in due time, as indeed their economy needs protection.

Why is protecting the economy more important than stopping the funding of the Russian army and their military invasion?

There's a false assumption that stopping oil and gas imports will somehow stop the invasion and funding of Russian army. It will not, so it's better to focus on more practical and sustainable steps.

Re: Germany has seized control of Gazprom Germania

#140
post #119
post #88

Earlier quoted context omitted.

>'and with that we "the people" are as stupid as the green party, right?' Yes.

But we can import it from france and we have hydro, why even care about the nuclear-waste and all the negative sides of it. https://www.swissinfo.ch/eng/swiss-get-75--of-power-from-ren...

Nuclear Power - Bad from inside Switzerland, Okie Dokie from France.

Their reactor in Bugey is like 200km from the one you're shutting down early.

Man.. it would sure be funny if France elected some eccentric far right character for additional excitement.

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