Saturday , August 13 2022
Home / Mike Norman Economics / Spiegel — EU will have to stop the industry for the sake of abandoning Russian gas

Spiegel — EU will have to stop the industry for the sake of abandoning Russian gas

Summary:
Unintended consequences.European Union will be able to meet the targets for filling gas storage facilities only if two-thirds of the Russian gas only if industrial enterprises are disconnected from blue fuel in the spring and summer. This information was shared by the German magazine Der Spiegel.According to the model of the Jülich Research Center, such a scenario can only be realized if a “tough step” is implemented: the EU will need to limit gas supplies to industry in the spring and summer. Based on the statements of the publication, experts agreed that with a decrease in the transit of blue fuel from Russia it is not possible to fill the storage facilities by two thirds with volumes that will be sufficient for the passage of the winter period.According to scientists, under the

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes What’s the point of all science?

New Economic Perspectives writes New Economic Perspectives 1970-01-01 00:00:00

Robert Vienneau writes Nonsense Taught At MIT

Mike Norman writes Links — 11 August 2022 Part 1

Unintended consequences.
European Union will be able to meet the targets for filling gas storage facilities only if two-thirds of the Russian gas only if industrial enterprises are disconnected from blue fuel in the spring and summer. This information was shared by the German magazine Der Spiegel.

According to the model of the Jülich Research Center, such a scenario can only be realized if a “tough step” is implemented: the EU will need to limit gas supplies to industry in the spring and summer. Based on the statements of the publication, experts agreed that with a decrease in the transit of blue fuel from Russia it is not possible to fill the storage facilities by two thirds with volumes that will be sufficient for the passage of the winter period.

According to scientists, under the condition of compressing supplies from the Russian Federation to fill storage Europe by 63 percent by August 1, all steel, chemical or cement plants in the European Union must be disconnected from gas from now until the end of July, and gas-fired power plants will have to suspend work for almost all of July.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *