Europe enters winter facing heating crisis; vile Merkel, on her way out, nevertheless refuses to authorize ready-to-go Russian Nordstream 2 heating gas!

There isn’t an immediate fix to the power and natural gas supply crunch [yes, there is!], and the colder and longer the winter is, the worse the situation could become, analysts say. Currently, the only thing that could ease the pressure on tight energy supply in Europe is demand destruction in industries due to high natural gas prices, some note.  [That means factories shutting down and firing people.]

Some have even said that gas stores could fall to zero this winter if cold weather abounds.

Russia is fulfilling its contractual obligations with customers to send natural gas to Europe via pipelines, but it has not significantly raised additional supply amid the gas and energy crunch in recent months.

[And why should it when the EU and NATO are waging war on Russia??? Trying to turn Ukraine and Belarus, right on its borders, into hostile US military colonies?]

Meanwhile, the controversial Russia-led Nord Stream 2 project hit a snag earlier this month after Germany said it had suspended the process of certification of the Nord Stream 2 gas pipeline. The Federal Network Agency of Germany, Bundesnetzagentur, said in mid-November that it suspended the procedure to certify Nord Stream 2 AG as an independent transmission operator until an operator of the pipeline in Germany is incorporated under German law. 

[Unh-hunh… Makes perfect sense to f–k around while a heating crisis looms.]

The setback delays by at least a few weeks the earliest possible in-service date for the pipeline, which could potentially alleviate gas shortages in case of a colder winter in Europe. 

With uncertainty about the start date of Nord Stream 2, European gas and power prices could exceed the record highs they had reached in October.

“I wouldn’t rule out a return to the record highs of October if you look at how short the market is and limited Russian flows,” Wayne Bryan, an analyst at Refinitiv, said last week, as quoted by Reuters.

“If the weather gets cold in Europe there’s not going to be an easy supply solution, it’s going to need a demand solution,” Adam Lewis, a partner at trading house Hartree Partners, told Bloomberg.

Some energy-intensive industries using a lot of natural gas—including ammonia, fertilizer, and steelworks—have curtailed operations in Europe [and laid people off!] in recent months as record natural gas prices made their production unprofitable.

Demand could drop if more industries reduce operations in the coming months.

For consumers, apart from soaring gas and electricity prices, the natural gas crunch could mean rolling power outages if the winter is really cold, Jeremy Weir, CEO at one of the largest commodity traders, Trafigura, warned earlier this month.

“We haven’t got enough gas at the moment, quite frankly. We’re not storing for the winter period,” Weir said at the FT Commodities Asia Summit in the middle of November.

“So hence there is a real concern that . . . if we have a cold winter that we could have rolling blackouts in Europe,” Trafigura’s chief executive said.

[We are talking about the beginning of economic chaos.]

The natural gas crunch is pushing power prices in Europe to record or near record highs. A very cold and still winter weather with low wind speeds would further exacerbate the power supply shortage, especially in north Europe, which relies on wind generation for part of its electricity supply.

[Record prices mean people will cut way back on their spending. Yesterday, I filled our car up for $43 dollars. Last year, under ‘Trump, it was $23. That is twenty dollars I did not spend last night at the local bar and grill here in Ontonagon, which would have helped the married couple struggling to keep the place open.

And of course these visits are useful on other ways. The more people locally who know me as a nice person, the better once my religion begins!

And in this age of violent political and racial hostility, I need to know what is being said about or against me.

Btw, while a student at Georgetown University, I came across a very interesting book in German at the Lauinger Library there (in the foreground on the right of the photo, with the two square towers with notches in them and egg-crate windows).

It was about the barroom information network that Dr. Goebbels had set up.

Knowing the ancient Roman proverb In vino veritas, “in wine is truth,” he understood that after a few beers or schnapps, people tend to blurt out their true feelings, especially to their friends and drinking buddies.

So there was a huge network of informants, whose only job was to honestly and accurately report what people were saying about us and the war, but not pass the info on to the Gestapo — except in very serious cases that had to be handled of advocating treason, spreading pro-Allied lies, or advocating the assassination of NS leaders, of course.

By going to the local places, I have been able to talk with the Folk here in Ontonagon, and many of my blogs have deal with things that average white folks here have told me.

It is vital to stay in touch with the decent majority, the common people of the better sort.

And so I also never go to the one rough bar in this town, either. Mostly that is people I do NOT want to join my cause! 😉 ]

For example, lower wind power generation in France, coupled with lower nuclear power supply, sent French day-ahead power prices last week to the highest in nearly a decade as demand rose with the arrival of colder weather.

Day-ahead power prices in the Nordic region for Monday jumped to a record high on the Nord Pool exchange, as the low temperatures combined with lower power supply from renewables and high gas prices.

With tight natural gas supply and uncertainty whether and when Russian gas flows could be significantly raised, Europe’s power and gas systems and markets are facing the toughest test yet this winter season.

.

.