EU is on path for de-industrialisation ie energy intensive industry will shut down
People talk about 85% Gas storage but EU gas strorage will only last 7 weeks during winter months without additional LNG supply and EU is short for the next 4 years
The EU can't feed itself on more expensive and scarcer LNG. There is no infrastructure to connect the entire continent to LNG, because there should be enough ports and connecting infrastructure from there to the rest of the continent. Transporting LNG is usually done physically, no through pipes (at this time), so this also increases the cost.
Europe is committing suicide. And no matter how perplexing it sounds: are they crazy, do the not know? I started thinking it's willful. They are willingly destroying their own industries, energy sectors, economies and societies...
True, Europe is de-industrializing itself. But there's a lot more to the ugly European trends:
1) many (especially ze Djermanz) have
shut down their nuclear power plants
2) they
sacrificed agricultural land for producing bio-diesel and for infrastructure
3) the EU is so shaky that the "supreme authority" of Soviet-EU-Parliament is now
sanctioning their own member states by cutting down their funds (thus generating more poverty - this is what they are doing to Hungary)
4)
the EU is only held together by authoritarian power above member states (right now the EU is stepping on Italy's and Poland's neck), undermining the independence of these states and when any union begins sanctioning, abusing
its member states, it is no longer an alliance, but some form of... Soviet-style CENTRALIZED communist dictatorial block
5) the
EU has managed to damage their relations with China, Turkey, which means less opportunities for business
6)
inflation: the EUR is losing ground vs USD and CHF and even other currencies (this is also due to mass-Euro printing)
7)
airline crisis: Air France, KLM, Lufthansa (and others) are cutting down flights, especially long-haul flights; not enough personnel at airports
8) the latest
measures by member states are reducing consumption: less consumption means less growth >>> people hold on to their money, while it devalues
9)
massive drought: less agricultural production in Southern Europe and Mediterranean (Spain, Italy, France), major droughts in Central Europe and the Balkans as well (Europe needs to import agricultural products, but let's not forget that so
many countries from Argentina to India have banned the export of certain goods... and so did a bunch of European countries that are now affected)
10)
Europe has to accommodate (and feed) 12+ million Ukrainian refugees
11) the
illegal migrant crisis is accelerating (many more are attempting to enter the EU via the Balkans, through Serbia, Bosnia and Croatia)
12)
the EU has high chances for freezing this winter (no Rusky gas) >>> imagine how this will impact industrial and agricultural production, the healthcare sector, people's morale and the overall value of the Euro
