The Worsening Crisis of Europe’s Climate Follies

 

With Russia throttling natural gas supplies to Germany – which foolishly dismantled its own energy producing capabilities in deference to the climate religion – the impact of Germany’s self-imposed crisis is starting to loom large. 

Russian Gas Supply Cuts Threaten World's Largest Chemicals Hub [WSJ – 6/29/2022] 

Last Thursday, Berlin triggered the second of a three-step emergency gas plan that, in its last step, could cut off gas supplies to some companies. Industrial giant BASF employs almost 40,000 Germans, and because of the natural gas shortage, it may have to shut down its Ludwigshafen plant, which employees about 1/3 of its employees. 

Company executives are doing what was unthinkable just a few months ago: considering how to potentially shut down the complex if gas supplies fall further. 

Sure, 13,000 people losing their jobs is bad, but how big a deal is this? Because BASF and other chemicals companies sit at the beginning of most industrial supply chains, their disruption would reverberate well beyond the sector, threatening Europe's economy at a time of high inflation and slowing growth. 

A throttling of BASF's ammonia output, a key ingredient in fertilizers, could exacerbate the world's growing food crisis, analysts say. 

More unemployment, supply chain interruptions, and food shortages…that should play well with the proletariat. In a post of mine last week about the Dutch farmers protest and the Davos elite, I saw this brilliant response: 

“So we’ve reached the ‘Some of you may have to die, but that’s a sacrifice I’m willing to make!’ stage of elite decadence.”

GRTWT.