Germany's consumption of around 1000 TWh of #gas per year just got a lot more expensive.
We used to pay <1% of GDP for gas. At €300, it will be ... 8.4% of GDP. Eightpointfourpercent.
We used to pay <1% of GDP for gas. At €300, it will be ... 8.4% of GDP. Eightpointfourpercent.
Any chance for a friendly discount, @Norway?
So the idea that Germany can continue to cultivate its national neurosis on #nuclear power and #fracking is clearly incompatible with the gas futures market.
Germany’s own #gas resources, that it chose to leave in the ground for fear of fracking (and b/c of low prices), would cover 10 years of Germany’s gas consumption.
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