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Europe Faces Full Blown Energy Crisis As Gas Prices Smash All Records
Yahoo Finance ^ | December 21, 2021 | Editor OilPrice.com

Posted on 12/21/2021 11:27:52 AM PST by Navy Patriot

Europe's energy crisis got even worse on Tuesday as a shortage of natural gas, nuclear outages, declining wind power output, and cold weather boosted prices.

...

Russia's Gazprom PJSC has steadily reduced gas flows to Europe as the controversial Nord Stream 2 pipeline had its certification delayed until possibly July. No new flows into Europe are forcing utilities to drain their gas storages (already at seasonal lows). Some utilities have had to restart fossil fuel generators to avoid grid disruption.

The energy crisis worsened in the last several days as France; usually, an exporter of power, has been desperately seeking imports and even restarted fuel-burning generators as the country's top power utility, Electricite de France SA, halted four nuclear reactors accounting for 10% of the country's nuclear capacity, straining power grids as the continent copes with cold weather.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: energy; europe
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Latest example of what catering to American Democrat Marxist Socialists gets you.

Bribe Biden and Freeze.


1 posted on 12/21/2021 11:27:52 AM PST by Navy Patriot
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To: Navy Patriot

Time for some sacrifices until global warming kicks in.


2 posted on 12/21/2021 11:32:50 AM PST by jcon40 (Machinery is only as good as its design and quality of parts. A citizen is only as good as...)
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To: Navy Patriot

There are far more radical green marxists in Europe. They don’t need to follow the American Democrat Marxists because they their own.

A time is coming soon when everyman is going to wake up and finally realize that this whole green dream is a wet dream and just not practical to keep people warm, industry running, and vehicles moving.

If only the politicians had consulted sober power engineers for an overall systems and feasibility analysis instead of listening to Greta and her ilk.


3 posted on 12/21/2021 11:33:45 AM PST by ProtectOurFreedom (81 million votes...and NOT ONE "Build Back Better" hat)
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To: Navy Patriot

I have a great idea of how to resolve this issue, let’s engage Russia over Ukraine and threaten war, that should the gas flowing into Europe from Russia...Putin is probably shaking in his boots...

/sarcasm....


4 posted on 12/21/2021 11:34:05 AM PST by srmanuel (`)
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To: Navy Patriot
Welcome to "The Great Reset "
and global socialism/ communism sponsored by WEF .
Either get used to it, or, kneel to Russia.

5 posted on 12/21/2021 11:35:13 AM PST by Tilted Irish Kilt
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To: Navy Patriot
Some utilities have had to restart fossil fuel generators to avoid grid disruption.

Why didn't they simply turn on the awesomely dependable and efficient windmills and solar panels?

6 posted on 12/21/2021 11:37:20 AM PST by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: Navy Patriot

You trusted Russia. You made your own bed. Now sleep in it.


7 posted on 12/21/2021 11:37:48 AM PST by Seruzawa ("The Political left is the Garden of Eden of incompetence" - Marx the Smarter (Groucho))
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To: jcon40

I have a sinking feeling the world is going to be in flames soon enough.


8 posted on 12/21/2021 11:43:53 AM PST by rlmorel (If the Biden Administration was only stupid or incompetent, some actions would benefit the USA.)
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To: Navy Patriot

Electricite de France SA, halted four nuclear reactors accounting for 10% of the country’s nuclear capacity, and Germany has taken reactors off line which had produced 4000 megawatts and will be doing the same amount next winter because of global warning and polar bears drowning as their tiny ice burgs melt. Its for the Children!!!


9 posted on 12/21/2021 11:44:52 AM PST by PIF (They came for me and mine ... now its your turn)
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To: rlmorel

I have a sinking feeling the world is going to be in flames soon enough.


And the seas will rise 10 feet ... we will all drown!!


10 posted on 12/21/2021 11:45:38 AM PST by PIF (They came for me and mine ... now its your turn)
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To: srmanuel
Russia is currently honoring all existing contracts for Ukrainian transit, and allowing certain buyers to extend low prices on expiring contracts for all transit.

However, they are not accepting bids for future Ukrainian transit.

The Future is clear, Ukraine will soon transit no gas until they fully comply to Russian demands, and European Nations attempting to force Ukrainian transit will freeze until Ukraine, NATO and the US comply with Russian Demands.

11 posted on 12/21/2021 11:51:09 AM PST by Navy Patriot (Celebrate Decivilization)
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To: PIF

LOL, okay...thank you. I was feeling quite pessimistic, and your post did pick me up...:)

Gotta keep a steady strain...


12 posted on 12/21/2021 11:53:57 AM PST by rlmorel (If the Biden Administration was only stupid or incompetent, some actions would benefit the USA.)
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To: PIF

The ice age is coming, the sun’s zooming in
Meltdown expected, the wheat is growing thin
Engines stop running, but I have no fear
‘Cause London is drowning
I live by the river


13 posted on 12/21/2021 11:55:36 AM PST by ClearCase_guy (Mass hypnosis of society. So many people are blind to the Truth which is in front of them.)
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To: Navy Patriot

I don’t get how EU gas prices are about 7X present NY Futures prices (which have been flat), and there is no arbitrage taking place.


14 posted on 12/21/2021 12:01:08 PM PST by PGR88
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To: Navy Patriot
The Future is clear, Ukraine will soon transit no gas until they fully comply to Russian demands, and European Nations attempting to force Ukrainian transit will freeze until Ukraine, NATO and the US comply with Russian Demands.

That future was clear to Ronald Reagan when he objected to Europe becoming dependent on Soviet natural gas back in the 80's.

15 posted on 12/21/2021 12:03:32 PM PST by Pearls Before Swine (FJB/LGB (Let's Go, Brandon!))
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To: PGR88
I don’t get how EU gas prices are about 7X present NY Futures prices (which have been flat), and there is no arbitrage taking place.

Transport. NY Gas is here, the EU is there. LNG can make up some of the difference, but it takes time.

16 posted on 12/21/2021 12:04:21 PM PST by Pearls Before Swine (FJB/LGB (Let's Go, Brandon!))
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To: PGR88

No pipeline from the US to the EU.


17 posted on 12/21/2021 12:06:05 PM PST by Toddsterpatriot (TANSTAAFL)
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To: Navy Patriot

What Gas!?

You mean that blessed fossil fuel?


18 posted on 12/21/2021 12:11:49 PM PST by 353FMG
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To: Seruzawa

You trusted Russia. You made your own bed. Now freeze in it.


19 posted on 12/21/2021 12:14:18 PM PST by 353FMG
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To: PIF

What children?

Many of the few that Europe make are aborted.


20 posted on 12/21/2021 12:18:51 PM PST by 353FMG
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