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Germany nationalizes its biggest natural gas importer
CNN ^ | Inke Kappeler, Allegra Goodwin and Mark Thompson,

Posted on 09/22/2022 8:34:53 AM PDT by BenLurkin

Germany is nationalizing Uniper, its biggest importer of natural gas, as part of an €8 billion ($7.9 billion) plan to prevent an energy shortage this winter.

Europe has been hit by soaring natural gas and electricity prices as a result of Russia's invasion of Ukraine and its throttling of gas supplies.

The German government will hold around 99% of Uniper after injecting new capital and buying out its Finnish parent company Fortum (FOJCF), German Economy Minister Robert Habeck told journalists in Berlin on Wednesday. Uniper provides 40% of the country's gas supply and is crucial for large companies and private consumers in Europe's biggest economy.

In July, Chancellor Olaf Scholz announced the government would step in to bail out Uniper with a package worth up to €15 billion ($15.3 billion), after it was brought to its knees by months of Russian supply cuts and soaring spot market prices.

(Excerpt) Read more at cnn.com ...


TOPICS: Business/Economy
KEYWORDS: allegragoodwin; energyschadenfreude; eurowankers; haha; inkekappeler; itistolaugh; keinerdgasfursie; markthompson; thatsashame; uniper
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To: BenLurkin

How very Third Reich of them.


21 posted on 09/22/2022 8:52:37 AM PDT by moovova
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To: moovova

22 posted on 09/22/2022 8:53:32 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Travis McGee

Snowball, meet Hillside.


23 posted on 09/22/2022 8:54:35 AM PDT by ComputerGuy (Heavily-medicated for your protectionbrA)
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To: BenLurkin

Didn’t they do something like this a few years back?


24 posted on 09/22/2022 8:57:23 AM PDT by ChuckHam
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To: joshua c

“Germany nationalizes it’s biggest national gas importer”, the State will own the means of production, it’s socialism on steroids. Germany’s green energy policies are coming home to roost.


25 posted on 09/22/2022 9:03:19 AM PDT by Yolanda (Jussie Smollett hoa)
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To: Yolanda

Ernst Thälmann is smiling from Hell.


26 posted on 09/22/2022 9:04:57 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: BenLurkin

Step 1: Germany band natural gas imports.
Step 2: German nationalizes gas importers because they aren’t selling any gas.

Is that about it?


27 posted on 09/22/2022 9:10:32 AM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. FBI is tending in that direction." - Harry Truman)
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To: pepsi_junkie
Step 1: Germany band bans natural gas imports.
28 posted on 09/22/2022 9:11:30 AM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. FBI is tending in that direction." - Harry Truman)
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To: BenLurkin

That nazi impulse is always just below the surface.


29 posted on 09/22/2022 9:18:12 AM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: kiryandil

perfect...


30 posted on 09/22/2022 9:18:53 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: DesertRhino

Once the Germans were warlike and mean
But that couldn’t happen again

We taught them a lesson in 1918
And they’ve hardly bothered us since then

-Tom Lehrer


31 posted on 09/22/2022 9:19:12 AM PDT by dfwgator (Endut! Hoch Hech!)
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If this is the mother of all winters, how much would it cost to have every public place play the germans mocking trump about russian energy on a continuous loop?


32 posted on 09/22/2022 9:34:13 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: BenLurkin; ComputerGuy; metmom
See slightly earlier FReeper post to understand and explain what/why this was to be expected:
"Collapse of energy, food, transportation systems prompt calls for government nationalization of industries< – Echoes 1930s push for Great Reset style reforms "

Our FReeper post :
https://freerepublic.com/focus/f-news/4095198/posts

33 posted on 09/22/2022 9:44:21 AM PDT by Tilted Irish Kilt
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To: DIRTYSECRET
Something’s wrong with those Aryans. They can’t get over the fact that they started 2 big wars and lost both.

Every couple generations organized and sensible Germans dupe themselves into believing some cult-like, utopian, social-engineering scheme, and drive themselves, and the world over, a cliff.

Wash, rinse, repeat.

34 posted on 09/22/2022 9:56:40 AM PDT by PGR88
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To: DIRTYSECRET
Something’s wrong with those Aryans. They can’t get over the fact that they started 2 big wars and lost both.

I wouldn't let the Austrians off the hook.

35 posted on 09/22/2022 9:57:33 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: BenLurkin

Coming to America......


36 posted on 09/22/2022 9:57:34 AM PDT by llevrok (Pronouns: Me/myself/& I)
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To: dforest

Yes they have. Especially in the energy sector. And that was before Biden took office


37 posted on 09/22/2022 10:00:55 AM PDT by Tench_Coxe
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To: BenLurkin

If you thought NG was expensive when provided by profit motive, wait until you see the price of government incompetence.


38 posted on 09/22/2022 10:04:21 AM PDT by G Larry (Population Control means Killing Billions, not "limiting growth".)
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To: DIRTYSECRET
YouTube: Norm MacDonald on Germany ...
39 posted on 09/22/2022 10:11:01 AM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !!!)
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To: BenLurkin

Germany will place this with the Drivers License Department to insure smooth running and steady supply of Natural Gas........


40 posted on 09/22/2022 10:11:46 AM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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