Germans are looking to firewood for energy as natural gas prices soar

[stompix]

A friend also told me that there was also an announcement that traffic lights would also go through a rotational black out? This winter, the joke about turning off Christmas lights as a means to stop the wasteful use of electricity, and as my favorite debate against "wasteful POW electricity usage", is going to become true. I believe for the first time in Bitcoin's existence, we will see the total mining/hashing power scale down.

It can't be the first time since the first time already happened:
https://cointelegraph.com/news/crypto-miners-in-texas-shut-down-operations-as-state-experiences-extreme-heat-wave

And it was clear in the hashrate
From the start of June at 216.54 EH/s it dropped to 198.15 EH/s only to recover at full speed the moment the heat wave was over by growing to221.72 EH/s the last adjustment.

And you can read about that directly from riot:
https://www.riotblockchain.com/news-media/press-releases/detail/135/riot-blockchain-announces-july-2022-production-and

[1714328715]

1714328715

[1714328715]

1714328715

[1714328715]

1714328715

[DrBeer]

Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:

[Wind_FURY]

Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:

I believe it won't if Russia doesn't stop. The cause of all the destabilization is the effect of Russia's war against Ukraine, and the U.S.A's reaction with the help of Germany and other European countries. The next action by the U.S. and its allies to await for is if they declare a broad embargo on Russian oil, gas, and other energy exports. If you read history, what started World War II was an embargo by the U.S. on German Oil.

[DrBeer]

Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:

I believe it won't if Russia doesn't stop. The cause of all the destabilization is the effect of Russia's war against Ukraine, and the U.S.A's reaction with the help of Germany and other European countries. The next action by the U.S. and its allies to await for is if they declare a broad embargo on Russian oil, gas, and other energy exports. If you read history, what started World War II was an embargo by the U.S. on German Oil.

The fact is that nothing depends on Russia. Believe me, what Russia is doing now is premortal convulsions. Russia has chosen for itself the path of an outcast country, this is half the trouble. But she is an international terrorist, and she will not be forgiven for this ... Remember "Greater Germany. Great Reich" ... But Russia is a pathetic parody of Germany of that period. The "Second Army of the World" is now running with tantrums and crap pants, throwing equipment, documents, wounded and killed, from the Armed Forces of Ukraine. There was complete confusion at the headquarters, there was no army left as such, capable. And a large territory, 100 million bodies degraded and damaged by total false propaganda, the weapons of the last century - if not greatness, this is a collapse ...

PS Also, I do not exclude that in the coming days, weeks, months, there will be an internal coup, I do not exclude that the military, the generals. It is their idiot Putin and his girlfriend Patrushev who are trying to make them guilty for the failure of the "special operation". And the generals will be glad that Russia is cut into small pieces, and they are put in these pieces as "temporarily exercising power." They will introduce external control, for example, the USA / Britain / Ukraine. And all the resources of "great Russia" will go to pay reparations, and will cost a penny.

[Wind_FURY]

Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:

I believe it won't if Russia doesn't stop. The cause of all the destabilization is the effect of Russia's war against Ukraine, and the U.S.A's reaction with the help of Germany and other European countries. The next action by the U.S. and its allies to await for is if they declare a broad embargo on Russian oil, gas, and other energy exports. If you read history, what started World War II was an embargo by the U.S. on German Oil.

The fact is that nothing depends on Russia. Believe me, what Russia is doing now is premortal convulsions. Russia has chosen for itself the path of an outcast country, this is half the trouble. But she is an international terrorist, and she will not be forgiven for this ... Remember "Greater Germany. Great Reich" ... But Russia is a pathetic parody of Germany of that period. The "Second Army of the World" is now running with tantrums and crap pants, throwing equipment, documents, wounded and killed, from the Armed Forces of Ukraine. There was complete confusion at the headquarters, there was no army left as such, capable. And a large territory, 100 million bodies degraded and damaged by total false propaganda, the weapons of the last century - if not greatness, this is a collapse ...

That's simply not true. Russia is one of the largest exporters of Oil and Natural Gas. It's also one of the major exporters of industrial metals, and fertilizers. That's why the current inflation we're experiencing is unique because it's both caused by the demand side and the supply side.

PS Also, I do not exclude that in the coming days, weeks, months, there will be an internal coup, I do not exclude that the military, the generals. It is their idiot Putin and his girlfriend Patrushev who are trying to make them guilty for the failure of the "special operation". And the generals will be glad that Russia is cut into small pieces, and they are put in these pieces as "temporarily exercising power." They will introduce external control, for example, the USA / Britain / Ukraine. And all the resources of "great Russia" will go to pay reparations, and will cost a penny.

What's your estimate of an internal coup happening in the coming days/weeks/months?

Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?

[pooya87]

What's your estimate of an internal coup happening in the coming days/weeks/months?

Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?

Economic situation in Russia doesn't look bad enough to cause major discontent in my opinion but only someone who lives in Russia can answer this, the information that the rest of us (specially those who are from Ukraine) are receiving is mostly unreliable and propaganda coming from both sides.

[be.open]

Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?

I live in Russia, in the Urals (about 2000 km from Moscow). As for the economic situation, I can say the following:
1. Utilities (electricity, gas, heating, etc.) have risen in price by about 5% over the past six months. Gasoline at gas stations has not risen in price. Basic foodstuffs have not risen in price, there was a surge in prices in early spring, then prices rolled back after the strengthening of the ruble.
2. Significantly more expensive cars, a significant drop in sales, friends who wanted to change the car abandoned this idea.
3. Recently, the price of food for Royal Canin cats, which ate my cat and cat (British and Scottish breed), has noticeably increased (by about 50%). Many types of new pet food made in Russia have appeared on the market. I consulted with a familiar veterinarian, she advised a good domestic food, my pets approved of it. In terms of money, food is slightly cheaper than Royal Canin before its sharp rise in price, that is, my budget for keeping animals has not changed.
4. I smoke cigarettes from farm tobacco, I used to buy French paper and filters for cigarettes from Mascotte. Recently, they have also risen sharply in price (by about 50%), I switched to Polish filters and Chinese super-thin paper, at a price they are about three times cheaper than French ones. The quality of the paper is the same, Polish filters are slightly worse than French ones, but not fundamentally.
5. Apple equipment, which is now imported into Russia under the parallel gray import scheme, has risen in price very much. But there are options, for example, a macbook pro on an m1 max chip with a 1TB ssd costs about 800 thousand rubles (about 12 thousand dollars) in Russia, a friend recently bought a new unpacked macbook pro for 250 thousand rubles, which was made for the UK market and imported into Russia through the United Arab Emirates. Laser engraving of a Russian keyboard costs 1,000 rubles.

In general, the economic situation is stable, if some European goods rise in price sharply due to sanctions, there is a quite adequate and budgetary replacement. It looks as if Western manufacturers are losing the Russian market due to their own sanctions, and their place is being taken by domestic or Chinese goods. My opinion is that the Europeans believed too much in the power of the brand.

There are no protest moods in Russia, Putin has a very large credit of trust among the population. There is no systemic opposition in Russia.

[bakasabo]

Can someone please explain, why Germans are so worried about gas and are looking for alternative ways to keep warm this winter, but the rest of Europe, lets say Italy, France, Switzerland for example, are rather silent about similar problem. As if Germany is the only one who is dependable from Russian gas? Why other countries are so silent? They dont care or scared to talk? They have alternative to gas heating (doubt that)? If yes, could Germany take their experience ?

[be.open]

Can someone please explain, why Germans are so worried about gas and are looking for alternative ways to keep warm this winter, but the rest of Europe, lets say Italy, France, Switzerland for example, are rather silent about similar problem. As if Germany is the only one who is dependable from Russian gas? Why other countries are so silent? They dont care or scared to talk? They have alternative to gas heating (doubt that)? If yes, could Germany take their experience ?

To answer your question, you just need to look at the map of Russian gas pipelines to Europe. The gas pipe from Russia does not pass through France and Switzerland - that's why they are silent. The North and South of Italy end at the South Stream fork, which is now operating normally, so the industrial north of Italy is suffering from rising gas prices, but in general, Italy also does not protest very loudly (perhaps because Italy has a traditionally mild winter, or perhaps they are afraid that the South Stream will also be blocked if they start to resent). Four (!) gas main pipelines come to Germany from Russia, three of which are now not working (Yamal, Nord Stream 1 and Nord Stream 2). The problem is focused on Germany, because Germany has the largest dependence on gas in general and on Russian pipeline gas in particular in Europe.

Scholz's statements that Germany is ready to turn off Russian gas is pure populism. Without Russian gas, the entire German industry will die as a genre (although of course the Germans will not freeze this winter). The complete abandonment of industry is the price of anti-Russian sanctions for Germany.

[bakasabo]

Lets take France as an example. In cities they use combined heating system, central heating and individual. Both are gas dependable (mostly), and electic boilers/heating (less). It is gas anyway. Isnt gas to France is transferred from Germany? Or they have switched to electric heaters ? Electricity is expensive as well now. I know how French people make protests (they burn cars, destroy shop windows, clashes with police and etc.). They are not as disciplined as Germans. They are about to be hit with high utility bills, but they are quite silent. I see that only Germany care a lot about incoming winter.

[LoyceV]

Lets take France as an example.

Let's see where their Electricity comes from: At the moment, they use 10% natural gas, 28% bio/wind/solar/hydro, and 61% nuclear (and I really like how they show live statistics!).

In Germany, the percentage natural gas is 14.6%. That's actually less than I expected.
So I guess the main difference is the percentage of gas France used to buy from Russia. That used to be 17% for France, and 55% for Germany. I'm not sure how accurate these numbers are, since Germany exports part of it again, but the difference is huge.

I know how French people make protests (they burn cars, destroy shop windows, clashes with police and etc.). They are not as disciplined as Germans. They are about to be hit with high utility bills, but they are quite silent.

That's probably why France quickly capped energy prices and government pays EDF billions for it.

[DrBeer]

....
Putin is so brave to have a girlfriend and he has no shame in keep that relationship.
Had that in our country - the society would have not let that happen. What is going in the world is a circus too and USA and Russia are two clowns.

Just a great idea
But even here you were deceived Putin has neither a girlfriend nor a wife, and he calls his daughters shy "Woman 1" and "Woman 2". And at the same time, for some reason, lately he has been talking about some kind of rubber ass
About clowns, too, past the box office, clowns are, for example, North Korea. And Russia is a terrorist country ... Do not come up with complex explanations for simple situations!

[Betwrong]

~
In general, the economic situation is stable ~

This made me laugh. I read somewhere that Russians, almost the same as North Koreans, are living in their imaginary world that has little to do with reality, but this post of yours showed the extent of that illusion that even I didn't expect.

Just look at these graphs showing the impact of sanctions on the Russian economy:

(Sourse: https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/)







Yeah, "the economic situation is stable", sure.

[be.open]

~
In general, the economic situation is stable ~

This made me laugh. I read somewhere that Russians, almost the same as North Koreans, are living in their imaginary world that has little to do with reality, but this post of yours showed the extent of that illusion that even I didn't expect.

Just look at these graphs showing the impact of sanctions on the Russian economy:

Yeah, "the economic situation is stable", sure.

Glad you're having fun. That you are slipping me some kind of charts, I am telling you about my personal feelings from my own life and the lives of my friends. The 2014 sanctions following the annexation of Crimea were far more painful than the current ones. At that time, the ruble more than doubled against the dollar and almost all goods and services more than doubled in price, including the necessary ones, which cannot simply be abandoned. Now goods and services from the category of essential ones have risen in price by 5-10%, and some have even fallen in price, which is why the sanctions are easily tolerated.

People in Russia don't have to worry that they won't be able to buy food or pay their electricity and heating bills. Do you really think that I should suffer a lot because I can't go to the IMAX cinema or buy a can of Coca-Cola? This made me laugh too.

[jaberwock]

I read somewhere that Russians, almost the same as North Koreans, are living in their imaginary world that has little to do with reality, but this post of yours showed the extent of that illusion that even I didn't expect.

Just look at these graphs showing the impact of sanctions on the Russian economy:

(Sourse: https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/)

>> snip <<

Yeah, "the economic situation is stable", sure.

Of course Russia shills will end up thinking like that, and the weird thing is that not all of them are from Russia neither. Soviet Union was an "idea", to go against capitalism and the liberal ideas that it carried and the poverty it caused which I can totally understand.

I do not like the system USA has neither, stuff like education and health and even infrastructure should be considered as governmental problems, so European liberalism is much better to me than what USA is doing, people dying because they can't afford Insulin? That is not acceptable. But at the same time just because you want to dislike USA doesn't mean that USSR did all well, and yet they do not see that part of the deal and go fall in love with the only nation who went head to head against USA.

[DrBeer]

Lets take France as an example.

Let's see where their Electricity comes from: At the moment, they use 10% natural gas, 28% bio/wind/solar/hydro, and 61% nuclear (and I really like how they show live statistics!).

In Germany, the percentage natural gas is 14.6%. That's actually less than I expected.
So I guess the main difference is the percentage of gas France used to buy from Russia. That used to be 17% for France, and 55% for Germany. I'm not sure how accurate these numbers are, since Germany exports part of it again, but the difference is huge.

I know how French people make protests (they burn cars, destroy shop windows, clashes with police and etc.). They are not as disciplined as Germans. They are about to be hit with high utility bills, but they are quite silent.

That's probably why France quickly capped energy prices and government pays EDF billions for it.

The problem with Germany is that one chancellor, a long time ago, sold out to the Kremlin, and since then, in every possible way, he himself, and having "connected" his "heirs" in his position, made Germany's industry dependent on Russian gas. Yes, in the total volume of gas purchased by Germany, gas from the country of a terrorist, in the total volume of purchases, is approximately 40%, and this part, which provides the industrial sector of Germany. You can check with the residents of industrial centers - even the infrastructure for gas preparation at enterprises is "tuned" to Russian gas. But this problem is solvable and Germany has taken the necessary steps to get rid of such vicious relationships and dependencies.

[trendcoin]

We are going through a very bad time as a whole world. The energy crisis was already manifesting itself with industrial development and population growth. The events after the tension between Russia and Ukraine accelerated the development of the crisis. Hopefully, what happened after the 1973 Oil Crisis will not be repeated.

Also, I read an interesting news today. Simonetta Sommaruga (Swiss Minister of Environment, Transport, Energy and Communications) has found a solution to the energy crisis:

THE MINISTER OF ENERGY IS CRITICIZED FOR THE LATE START OF THE SAVINGS CAMPAIGN
An energy-saving campaign launched in Switzerland has also been criticized after Energy Minister Simonetta Sommaruga advised people to reduce their electricity use in winter by taking showers for two, although “it’s not suitable for everyone after a certain age”.
...
While many have laughed at the advice to shower together, a Swiss official says it’s a suggestion everyone should take seriously, claiming he has changed his behavior since the start of the resource-saving campaign.

https://247newsreel.com/trending/291255.html

The stock markets collapsed after the 1973 Oil Crisis. Something similar could happen if the energy crisis is not brought to an end without irreversible damage.

[Sithara007]

The problem with Germany is that one chancellor, a long time ago, sold out to the Kremlin, and since then, in every possible way, he himself, and having "connected" his "heirs" in his position, made Germany's industry dependent on Russian gas. Yes, in the total volume of gas purchased by Germany, gas from the country of a terrorist, in the total volume of purchases, is approximately 40%, and this part, which provides the industrial sector of Germany. You can check with the residents of industrial centers - even the infrastructure for gas preparation at enterprises is "tuned" to Russian gas. But this problem is solvable and Germany has taken the necessary steps to get rid of such vicious relationships and dependencies.

Wrong. Gerhard Schröder is considered as pro-Russia, but the dependence on Russian gas is not something that happened in recent times. The Urengoy–Pomary–Uzhhorod pipeline was completed in 1984, and the Yamal–Europe pipeline started operating in 1997. This was long before Schröder became the chancellor of Germany. And the first pipeline was proposed in 1978 and later the Reagan administration imposed sanctions on companies that were working on it. The German chancellors at that time (Helmut Schmidt first and then Helmut Kohl) rejected the sanctions and went ahead with the project.

[LoyceV]

I know how French people make protests (they burn cars, destroy shop windows, clashes with police and etc.). They are not as disciplined as Germans. They are about to be hit with high utility bills, but they are quite silent.

That's probably why France quickly capped energy prices and government pays EDF billions for it.

There's an update: EDF is asking French households and companies to consume less electricity, to prevent blackouts. And that's the problem with subsidizing energy bills: it takes away the incentive to consume less. Up until recently, governments would tax energy in order to get people to use less. Now they subsidize it, which is great for households but doesn't help the shortages.

I know the term "rolling blackouts" from California. Soon it may happen in Europe too.

[Sithara007]

There's an update: EDF is asking French households and companies to consume less electricity, to prevent blackouts. And that's the problem with subsidizing energy bills: it takes away the incentive to consume less. Up until recently, governments would tax energy in order to get people to use less. Now they subsidize it, which is great for households but doesn't help the shortages.

I know the term "rolling blackouts" from California. Soon it may happen in Europe too.

I am confused. Why energy prices are so high in France? As far as I know, the French get around 70% of their energy from nuclear powerplants (and I am sure that they have spare capacity as well). They are not very dependent on natural gas. So why the prices are going up there?

BTW, I heard that the government in Switzerland is threatening to imprison people, if they heat their homes above 19 degree Celsius in the winter season. LOL.. I was thinking that the Swiss are more intelligent compared to the other Europeans. Seems like they are not.

https://www.blick.ch/politik/gfroerlis-muessen-im-ernstfall-bibbern-heiz-suendern-droht-der-knast-id17851055.html