Germany nationalizes its biggest natural gas importer

CNN ^ | Inke Kappeler, Allegra Goodwin and Mark Thompson,

[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.

[moovova]

How very Third Reich of them.

[dfwgator]

[ComputerGuy]

Snowball, meet Hillside.

[ChuckHam]

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

[Yolanda]

“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.

[dfwgator]

Ernst Thälmann is smiling from Hell.

[pepsi_junkie]

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

Is that about it?

[pepsi_junkie]

Step 1: Germany band bans natural gas imports.

[DesertRhino]

That nazi impulse is always just below the surface.

[Chode]

perfect...

[dfwgator]

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

[dsrtsage]

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?

[Tilted Irish Kilt]

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

[PGR88]

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.

[dfwgator]

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.

[llevrok]

Coming to America......

[Tench_Coxe]

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

[G Larry]

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

[SecondAmendment]

YouTube: Norm MacDonald on Germany ...

[Lockbox]

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