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You don’t understand how bad it could get in Europe this year

54 pointsby cwwcover 2 years ago

9 comments

keewee7over 2 years ago
Just a reminder that both Fortune and Forbes is now almost entirely made up of sponsored articles that often don't mention who the sponsor is even if the sponsor is a foreign government. The most blatant example of this is the Pakistani government sponsoring an article in Forbes calling Pakistan the best place for solo female travelers.
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trompover 2 years ago
&gt; while importing more LNG means constructing dedicated terminals in Europe that can regasify liquid gas, a process which can take anywhere from two to five years.<p>It might have taken that long in normal times. In times of crises, it can be done in as little as half a year [1]. Expect more terminals to become operational in the coming (half) year.<p>[1] <a href="https:&#x2F;&#x2F;www.rtvnoord.nl&#x2F;nieuws&#x2F;956102&#x2F;lng-terminal-in-eemshaven-in-gebruik-genomen-half-jaar-geleden-niet-gedacht" rel="nofollow">https:&#x2F;&#x2F;www.rtvnoord.nl&#x2F;nieuws&#x2F;956102&#x2F;lng-terminal-in-eemsha...</a>
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fxtentacleover 2 years ago
I find it rather odd that this article twice claims that rising energy costs were due to worker unions.<p>Also, there&#x27;s no mention anywhere of what production stops would cause for other countries. Can you imagine building a chip plant without ASML? No. That means they can force rather high prices worldwide.<p>They certainly are correct that it&#x27;s going to be difficult, but taking about nuclear power plants who needed to shut down due to a hot summer? That seems like a strawman to me, because their cooling is going to be fine in winter.
galfarragemover 2 years ago
Yes, we do. These days the Eur&#x2F;Usd exchange rate is on historical lows for a reason.
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Woepsover 2 years ago
Meh.... While the article could be right it is also not presenting anything new.<p>Let&#x27;s see, only time will tell.
iammjmover 2 years ago
More scaremongering without much substance - a bit too many “coulds” for my taste
unnouinceputover 2 years ago
F.U.D. article. Flagged. Like somebody else here already noticed, fortune is not something to be trusted due to article sponsorship; I guess this one was commissioned by FSB&amp;Co, because that&#x27;s all they have nowadays, online fearmongering, since on war Ukraine is kicking their asses.
pentaeover 2 years ago
I guess we&#x27;ll soon see exactly how right or wrong Trumps predictions were in 2018 that Germany was &#x27;captive&#x27; to Russia back when the Germans were all laughing at him for those comments.
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germandiagoover 2 years ago
As an european here it is almost my obligation to remind every european of why we talk about the energy crisis (which is a fact, of course) and we never talk about the causes and who decided that we should support one side or the other.<p>I am against all this 4-bureaucrats-decide whether we enter a war or not, with the devastating consequences for energy and the nuclear risk at which they could potentially involve us in.<p>The opinions about who is bad or good in this war, I do not care. I do not support wars or war involvement. Diplomacy. When you cannot with diplomacy and it is not really your duty, just stay away.
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