BASF chemical plant threatened by gas & oil shortages
Europe is committing economic suicide all because they are doing the bidding of US Neocons by imposing ridiculous sanctions against Russia which are doing far more damage to Europe and very little to Russia. They are equivalent to threatening to shoot yourself in both feet and the head and then going ahead and doing it. It is a completely idiotic and absurd situation that Europe has arrived in. We are already seeing the initial consequences in the form of fuel price rises and inflation.
The sanctions have actually done three things. They have strengthened Russia's finances and independence, they have accelerated the destruction of the dollar and all fiat currencies connected to it and they are dealing an economc death blow to Europe's economy. By refusing Russian gas it has led to soaring prices and there is no viable alternative to replace the huge quantities of it. Gas is not just used for heating but also for generating base load electrical power. And Russian oil is used to supply a large chunk of the diesel fuel used in Europe and literally everything we buy and do, needs diesel. Diesel is the life blood of the real physical world. Any disruption there and we will all feel it very directly very quickly.
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The Irish government are fully aware of the potentially dire consequences of these reckless decisions because they have made it known that they have emergency plans for fuel rationing. Unfortunately it seems the public don't fully realize the scale of the pending crisis and that it is all caused by war-mongering and the belligerent actions of US & NATO cheered on by our own clueless politicians. It is quite clear that every government and institution is captured by sinister elements and those in key positions of power and influence have either been bought off or blackmailed. This was all very evident during Covid, when we saw how governments moved in lockstep to a single script, orchestrated by the totalitarian forces in the background. The Epstein revelations gave the public an insight into the extent and depth of blackmail and how it reached the highest echelons of society.
Effects of Sanctions Begin to Kick In on European Economy
Sept 2022
Ireland: Bord Gas says gas prices to go up 39%. Similar price increases for electricity.
Businesses like small supermarkets around the country reporting electric bills tripling in price
Europe
BREAKING: 40 CEOs of European metal producers have wrote an open letter to Ursula von der Leyen and the European Commission warning of an "existential threat" to industry as power prices surge.
The European metals industry has called on the EU for emergency action to prevent a collapse of the sector which faces an existential threat from surging power and gas prices. In a letter to the top EU officials, including European Commission President Ursula Von der Leyen, the European metals industry association Eurometaux wrote that “the business leaders of Europe’s non-ferrous metals industry are writing together to raise the alarm about Europe’s worsening energy crisis and its existential threat to our future.” As much as 50% of the EU’s aluminum and zinc capacity has already been forced offline due to the power crisis, Eurometaux said in the letter. Significant curtailments have also been made in silicon and ferroalloys production, and further impacts felt across the copper and nickel sectors, the association added.
The world's largest steel group, ArcelorMittal, is temporarily shutting down two plants in Germany due to high energy costs . From the end of September, the group will shut down one of the two blast furnaces at the flat steel site in Bremen until further notice, the company announced on Friday. In the Hamburg long steel mill, the direct reduction plant will also be shut down from the fourth quarter due to the current situation and the negative prospects. Both plants already have short-time work, which is now being expanded. There is also short-time work at the production sites in Duisburg and Eisenhüttenstadt.
will be updated as sanctions bite deeper
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