Europe’s vitality disaster is on the verge of escalation… – Funding Watch

through naturalnews:

As unhealthy as Europe’s vitality scarcity was within the wake of sanctions the EU imposed on Russia following the invasion of Ukraine, it’s about to enter a disaster mode.

This week, Russian authorities fully shut down the Nord Stream pipeline indefinitely, allegedly for “leaks” within the system, although many imagine it’s simply President Vladimir Putin’s newest measure to punish his European neighbors for his or her sanctions.

The outage may take a number of days, a number of weeks, or months — although any disruption to Europe’s pure gasoline provides is fatalistic at this level, as winter quickly approaches.

A photograph of the alleged oil leak that was posted on-line appears to be like minuscule and offers extra weight to theories that Putin is behind this newest transfer.

twitter.com/JavierBlas/standing/1565776260269219841

German Doom: The AdBlue manufacturing in Germany has been halted. With out AdBlue automobiles and vans cease to drive. With out vans there is no such thing as a meals!

The AdBlue manufacturing in Germany has been halted. With out AdBlue automobiles and Vehicles stopp to drive. With out vans there is no such thing as a meals within the supermarkets. This has occurred this week. Socialism and beliefs ALWAYS result in poverty and chaos.

— Marcus Brumme (@MBMarcusBrumme) September 6, 2022

6 In 10 UK Producers At Threat Of Closure, Foyer Group Warns As Power Costs Soar

That’s a giant downside…

Job loss shall be at a stage not sustainable…

MakeUK, a producing foyer group within the U.Ok., introduced on Saturday that 42 % of producers have seen their electrical energy payments rise by one hundred pc previously 12 months, and 32 % have additionally seen their gasoline invoice double.

The rise in costs has seen 13 % of producers already cut back their hours of operation, and 12 % have been pressured to make job cuts as a direct results of elevated vitality payments. The vast majority of companies warn that if payments proceed to extend this yr and rise by over 50 % as anticipated, closures and redundancies “will develop into inevitable.”

🚨BREAKING🚨

Uncontrolled vitality payments at the moment are enterprise threatening for 60% of producers.

We’re calling on Authorities to have a look at introducing an Business Worth Cap to freeze vitality payments at an agreed fee. pic.twitter.com/Xhto87bZVL

— Make UK Campaigns (@MakeUKCampaigns) September 3, 2022

Complete German financial system being plunged into Darkish Ages resulting from insane electrical energy costs; producers HALT manufacturing

Power has develop into so costly in Germany that the (soon-to-be former) financial powerhouse of Europe is now seeing a manufacturing shutdown that threatens to break down the nation – and finally the whole continent.

Calling the state of affairs “alarming,” financial minister Robert Habeck introduced that whereas business has been working over the previous a number of months to cut back gasoline consumption, together with by switching to different fuels like oil, many corporations have simply “stopped manufacturing altogether.”

“It’s not excellent news,” he stated, “as a result of it could possibly imply that the industries in query aren’t simply being restructured however are experiencing a rupture – a structural rupture, one that’s taking place below huge stress.” (Associated: Germany is about to lose a minimum of half of its crop harvest as properly resulting from drought.)

Yr-ahead electrical energy costs in Europe soared to file highs this previous week, solely to drop by half not lengthy after. Nonetheless, the worth is obscenely excessive – see the graph at this hyperlink – and producers are responding by closing up store.

“Europe is going through financial devastation and despair at a scale that may make 2008 appears [sic] like a stroll within the park,” studies Zero Hedge in regards to the state of affairs.

In August German financial confidence was already the bottom since 2008, even earlier than this newest gasoline cutoff. Now contemplate this chart within the context of an ECB STILL planning to lift rates of interest on Thursday. It’s completely ludicrous.

Central banks can’t print vitality.

Leeds pub going through £5,500-a-month vitality payments is pressured to shut its kitchen and let its chef go in a determined bid ‘to avoid wasting the remainder of it’ as first hospitality dominos begin to fall