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So you reckon there won't be a problem for Europe in winter...

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hudathunkit

872 Posts.

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23/09/22

23:57

Post #: 63856784
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Originally posted by Stephan90: ↑

I guarantee that nobody will have to freeze in Europe this Winter, because of empty gas storages. If the gas storages run empty then it will be no earlier than in March, probably this is even too pessimistic. I can say from the personal experience that it is still so warm even today that I don't even have to think about using the heating system. In my hometown I see many people stocking up on wood apart from the people who have owned large stockpiles for years anyway, because choping wood seems to be a hobby. There are around 11 million ovens that can use coal or wood.
It is true that energy has become much more expensive and that some industrial production has be reduced because it is not economical anymore. That being said I think there would be a revolution in Russia due to a deteriorating standard of living long before it would happen in Europe.
Bundesnetzagentur - Current status of gas supply

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So you reckon there won't be a problem for Europe in winter because it's still warm in early Autumn?
... and lots of people have a nice woodpile?

I wish I could believe you but (i) that's ridiculous, and (ii) real people don't post 3000 times on one stock.

AKE Price at posting: $14.86 Sentiment: Hold Disclosure: Not Held
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