bandarawan

Interesting. Never heard of it. But it could be that is project will never have been build. Russian gas has been mostly replaced by liquid gas tankers. And the demand of gas is shrinkinhg in Europe.

https://en.wikipedia.org/wiki/Trans-Saharan_gas_pipeline?wprov=sfla1

The EU economy prognosis for 2023 is still positive. As far as I am aware only some countries are in a recession, not the EU in total.

And that “industry is shutting down” is also exaggerated.

Yeah, the US seems to be better off.

But there still does not seem to be data that the EU will be in a recession very soon, it Still at +0,?%

Germany is in a technical recession, but france, Italy, Spain are not (yet). Don’t get me wrong. I think it is very likely a recession might come, but as far as I can see it is not there yet.

https://ec.europa.eu/eurostat/documents/2995521/17254747/2-31072023-BP-EN.pdf/998638f3-f643-aa29-a170-ba1d34da7858

Yeah, many signs are pointing down and I won’t be surprised if we get a recession here. But until it’s definitely there I will wait.

As for this indicator. Never heard of it, but there seem so many of those that I wouldn’t trust them unconditionally. This one for example points up:

https://www.tagesschau.de/wirtschaft/unternehmen/industrie-auftragseingaenge-deutschland-staerkter-auftragsplus-seit-drei-jahren-100.html

Yeah, many signs are pointing down and I won’t be surprised if we get a recession here. But until it’s definitely there I will wait.

As for this indicator. Never heard of it, but there seem so many of those that I wouldn’t trust them unconditionally. This one for example points up:

https://www.tagesschau.de/wirtschaft/unternehmen/industrie-auftragseingaenge-deutschland-staerkter-auftragsplus-seit-drei-jahren-100.html

Energy was expensive, especially last winter, but it came back to “normal” levels.

Gas for example is at 10% of the high of last August and around the level of 2019.

Oil is more or less the same worldwide, so there is no disadvantage for Europe.

So which energy do you mean?

https://tradingeconomics.com/commodity/eu-natural-gas

As for your video on “Germany’s worst fears are coming true: car brands moving production to China”. I think the car sector has it way worse. China is way better at building EV vehicles, which is pushing European companies out of China. German car sales will drop massively.

Sounds more like a religious nut than a nazi.

So you think that the biggest thread energy wise is the votality of lng? I believe that this is a problem, and if it’s true it may lead to another crisis in winter.

But right now the storage is nearly full, so if the winter is weak there will probably no shortage of gas and no problem in winter.

I thought that you had a different reason that will more likely (say >70%) cause more chaos in winter.