Always appreciate your input with these German matters.
They have x-amount of natural gas reserves. But they figure now, with this arctic front underway (supposed to end Monday morning)...they are burning around 1-percent each day. For at least five days (Monday on)...it’ll be 35 to 45 degrees (F), and the burn rate will be a lot less.
Supposed to be meeting next week between SPD, Greens, and FDP to talk over fracking. SPD and Greens have vowed it stays banned. FDP will ask how this is not logical to resort to it.
This natural gas deal with Qatar (the LNG ships) is a done deal. First ship arrived Friday, and off-loading started yesterday. For the scheduled situation...Qatar can only supply 10-percent of what Russia sent via the Nord Stream I pipe. Unless they can get a 2nd and probably 3rd deal in the works....there’s no way to have reliable natural gas, unless you go back to fracking on German soil.
Based on what I read, via the fracking angle, there’s two or three major areas in Germany with potential, and they believe sufficient natural gas for 20-plus years. It’d help lower the price and cease dependence off Russia or anyone else.
If you peel back the layers...just a lot of companies and businesses on the verge of bankruptcy because of the cost of natural gas now. Bakeries are charging a fairly shocking amount now. A number of older homes/apartments (from early 1900s) with high ceilings...are on the market now (takes more heat).
For 2023, no one is going to have money for vacations/trips or new cars...so a serious recession period will be starting up. It is fascinating how all of these things connect up. Public sentiment will be fairly negative by the end of 2023.