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Germany has seized control of Gazprom Germania

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Re: Germany has seized control of Gazprom Germania

#151
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?

[deleted]

Re: Germany has seized control of Gazprom Germania

#152
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.

It looks like the Green Party didn't have a single minister in 2016 when they turned off all the nuclear post-Fukushima - so why would the Green party be responsible?

Who has been in power for the last 20 years exactly that could have built renewable power instead of quadrupling down on Russian gas? It wasn't the Green party.

Re: Germany has seized control of Gazprom Germania

#153
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. Trading one tail risk for another. We don't stop flying after planes get into an accident. We evaluate and improve our designs and controls But with nuclear with go with knee-jerk reaction for some reason

> But with nuclear with go with knee-jerk reaction for some reason

That reason is propaganda. The anti-nuclear people use anything they can to whip people up into an irrational frenzy whenever anything happens, and it has worked pretty well.

Re: Germany has seized control of Gazprom Germania

#155
post #134
post #39

Earlier quoted context omitted.

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.

This is irrelevant. Uranium, being unbelievably energy dense, is truly trivial to ship in meaningful quantities from anywhere in the world. Australia has the world's biggest reserves for example. Plenty of ways to acquire uranium without relying (and financially benefiting) from putler or order nondemocratic regimes.

Re: Germany has seized control of Gazprom Germania

#156
post #55

Earlier quoted context omitted.

The Soviet Union was a reliable energy supplier to (West) Germany even at the height of the Cold War. Ostpolitik was the dominant mode of thinking across party lines. The West has never had any qualms about buying oil and gas from the worst regimes in the world. This outrage over buying from Russia while turning a blind eye to Arab monarchies seems rather perfomative.

> outrage over buying from Russia while turning a blind eye to Arab monarchies seems rather perfomative The Arab monarchies largely keep their messes in their own backyards. When there has been leakage, it has been limited. Russia rolling tanks into Europe is so harebrained it creates a new category of security risk we haven’t had close to home in a while: that of a madman.

I wouldn't call 9/11 "limited". Nor is Yemen, or, earlier, Syria, Iraq, Lebanon, Iran etc.

The fundamental of all of these is oil and now, gas. Removing the demand for these will remove the necessity of engaging with these propped up monarchies and autocracies.

Re: Germany has seized control of Gazprom Germania

#157

This doesn't make sense to me. Can i get an explanation? The German state seized a local German branch of the Russian Gazprom company. In order to secure its energy supplies... which come from Russia. Are they in essence capturing some reserves?

I read a great reader comment on the topic (also in German so try DeepL) https://blog.fefe.de/?ts=9cb54d35 Its a political push and pull about who defaults on the existing contracts on gas import, seeing as Russia wants to be payed in ruble now, while Germany would prefer the payments to be stuck on a EU bank account as a form of reparation payments to the Ukraine. To prevent this outcome, Russia in effect might be l…

I am curious, why is this being downvoted?

Re: Germany has seized control of Gazprom Germania

#159
post #138

Earlier quoted context omitted.

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?

One side does it with assassination.

Yes but let’s not bring that up, it makes us look like a tinpot dictatorship nationalizing assets and assassinating people.

https://en.m.wikipedia.org/wiki/List_of_assassinations_by_th...

Re: Germany has seized control of Gazprom Germania

#160

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.

And what of the rest of the Western world's dependency on Middle Eastern oil? That was already weaponized in 1973 yet nobody seems to have learned from it.

Let them drink Pepsi.
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