Posted on 09/15/2022 2:35:59 PM PDT by Enterprise
As Germany’s electricity and natural gas prices soar, a wave of companies – some having a long tradition – are filing insolvency. Many midsize companies rely on natural gas as a source of energy, but prices have multiplied since early this year.
Blackout News here reports toilet paper maker Hakle has filed for insolvency, citing “increased energy costs”.
“Tenfold increase in gas and electricity prices”
Others include shoe retailer Görtz, who cite low sales as consumers cut back on their discretionary spending, and automobile supplier Dr. Schneider. Steel producer ArcelorMittal in Hamburg und Bremen are also following.
“With a tenfold increase in gas and electricity prices, which we had to accept within a few months, we are no longer competitive in a market that is 25% supplied by imports. We see an urgent need for political action to get energy prices under control immediately,” said Reiner Blaschek, CEO of ArcelorMittal Germany (Financial Market World).
Another industry sector facing extreme hardship is the bakery industry, which relies heavily of affordable energy. According to Blackout News: “For bakeries, the energy crisis is now worse than the Corona pandemic, according to industry sources. ‘We have the problem as a micro baker that we have to adjust our prices to the raw material and energy prices, of course, which also burdens the customer, if he is also a bit tighter on cash,’ says an affected baker from Heilbronn.”
(Excerpt) Read more at wattsupwiththat.com ...
We need those pictures of German politicians laughing at PDJT as he predicted precisely what’s now happening to them.
They should switch to baking with solar ovens.
But Gaia is saved, right? I’ve got a stump in the yard I want to burn to celebrate.
“Blackout News here reports toilet paper maker Hakle has filed for insolvency, citing “increased energy costs””
Here I wait in this smelly vapor
Waiting for my toilet paper
How much longer must I linger
Before I’m forced to use my finger?
European Union President Proposes Cutting Off Electricity to Consumers to ‘Flatten the Curve’
https://freerepublic.com/focus/f-news/4093184/posts
Depression
Blackout News here reports toilet paper maker Hakle has filed for insolvency, citing “increased energy costs”.
—
Höuston, we have a problem.
People may shiver, or they may sweat. They will endure. But no toilet paper? Now THAT will get their attention!
(citing “increased energy costs”.
“Tenfold increase in gas and electricity prices”)
September 24.....🤔🤔🤔???
Yep, their gaggle UN reps laughed at Trump for predicting what was coming.
Thanks!
Das Buffoons.
Well DUH. So much for that German engineering and scientific know how.
They should just ... chill ...
🥁
Try the new salad bar.
It’s OK, Biden is sending over a planeload of copies of the Constitution for the Krauts to wipe their asses with. To save on emissions, he will use same plane they used to send us baby formula.
Exactly.
They sold their soul to their climate change god. Let them take warmth and solace from their solar panels and wind turbines they offered up.
They were always so smug, laughing at Trump, telling everyone how wonderful they are “saving the planet”.
Yep, you reap what you sow.
Cloward-Piven for Western civilization.
Perfect.
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