Europa
Sorry for being out of the loop, how badly damaged are the pipelines?
According to Telesur, Danish energy minister claims that "the leaks are not expected to cause supply security issues in the short term". But certainly it will cause in the long-term? Is there somewhere I can read about this? I'm not an engineer, I don't know how the pipeline worked.
Potential impact?
The extent of the damage means the Nord Stream pipelines are unlikely to be able to carry any gas to Europe this winter even if there was political will to bring them online, analysts at the Eurasia Group said.
“Depending on the scale of the damage, the leaks could even mean a permanent closure of both lines,” analysts Henning Gloystein and Jason Bush wrote.
If you look at the surface picture of the leaks they do look substantial. The repair work is also going to be cost prohibitive, meaning that under current circumstances the chances of repair work being done are not high.
Damn. Looks like we're really screwed this winter, then.
How will the leaks cause supply security issues if the pipeline isn't used for supply anyways?
This pipeline is not the only energy source of Europe, and was already temporarly suspended that made politicians reshuffle the energy policies. Also, how could one energy source cause the energy crises of the whole continent? So, it is clear that the whole argument is based on false basis.
To add to that, in its analyses it treats EU economy as it is isolated from the whole world at a time when everything around goes just fine. Nothing could be further from the truth! The US economy is in downturn and the inflation is out of controll, and everywhere in the world, due to the covid recovery spendings of the governments. So, current economic slowdown is basically imported in the EU. Now, it is sold by the newspapers as EU energy crises. The same happened in 2008 in the financial crises that was solved in the US by repackaging their junk bonds and selling them to Europe.. From this point of view the authors whole argument seems to be fundentally flawed, spreading false rumors and baseless doomsday scenarios for Europe
The pipeline is a major part of European energy supply and after six months of reshuffling energy policies no practical alternatives have been found. This is why Europe is currently in an energy crisis.
Meanwhile, Europe not being isolated from the world is a problem for Europe here. Energy input costs in Europe are far higher than in Asia, and likely to stay that way in the foreseeable future. This means that European industry which is currently shutting down is moving to Asia, and it's never coming back. This will result in mass unemployment in Europe.
I'd favor building out renewable energy asap.
Building out renewable energy requires energy. This is something that EU should've been doing a long time ago. Also, nuclear is clearly needed as the backbone, but Germany is forging on with shutting down its reactors. EU has absolute clowns running the show.
it requires energy, but not really locally, since we outsourced production;
nuclear is a castle in the air for the next two decades, requires energy as well and is more expensive
Even outsourcing production doesn't completely remove the need for building and installing new energy infrastructure. As others have pointed out, renewables failed to actually make any positive impact to date. France is the only country in EU that has any real alternative energy to fossils because they invested in nuclear.
I didn't say you wouldn't need new energy infrastructure. Obviously you do, but not for building the same.
Saying renewables haven't made any positive impact is just blatantly ignorant.
Same goes for France and nuclear power.
I didn’t say you wouldn’t need new energy infrastructure. Obviously you do, but not for building the same.
Except that you do, solar panels and windmills have to be transported and installed. This requires energy in terms of moving the equipment and workers, deploying it, hooking it up to the grid and so on. Real life isn't like Star Craft.
Saying renewables haven’t made any positive impact is just blatantly ignorant.
What's blatantly ignorant is claiming that current renewables policies had any significant impact on emissions in Europe.
Same goes for France and nuclear power.
Same goes for France and nuclear power.
Okay, enjoy trolling
quite the riposte there
Germany theoretically has somewhere between 30-50% of its electricity needs covered by renewables, but grid scale storage isn't feasible and baseload sources are all being shut down for various political and environmental reasons (nuclear, coal, gas). Germany has been building out renewable energy faster than any other capitalist country that doesn't have access to easy hydroelectric capacity, and it's not even close to enough. It also ignores the primary energy and raw materials needs of industry (steel and fertilizer for example). Energiewende has been a failure, both in terms of ROI and GHG emission reductions.
Angway, it's too late now. Europe's economy is fucked and it's not about to recover without a couple revolutions.
but grid scale storage isn’t feasible
not true
While you imagine deindustrialization of EU, the prices dropped to 3 month low, oh no
Couldn't even go 4 weeks without making false prediction, tstststs
here's what Financial Times has to say on the matter, but I'm sure you have far better understanding of the situation. After all, you've shown such incredible analysis here previously. 😂 https://archive.ph/3wPjx
Meanwhile, go and compare this three month low to prices same time last year to get a bit of context. Oh no indeed. 🤡
Why not compare to 1980s? The impact would be even larger! The end is nigh, in fact it's so nigh it's in the past already, the West should've folded 5 times over yet your family ran away from prosperity and wealth of Russia. Makes total sense, buddy
Imagine thinking you made a good argument here. It's obvious that a comparison from a year ago, or even seven month ago when the war started is relevant when discussing input costs for the industry. The west is literally folding over right now, but you keep on pretending everything is fine buddy.
Having lived through a collapse I can tell you that your life is about to get hard soon. So enjoy being glib while you can.
I'll enjoy seeing you seething and coping with false predictions every passing day. It must be hard on you to see every day proving you wrong but I'm sure you'll find another flag to move instead of actually doing something useful
Enjoy being glib while you can bud.