RE:Germany collapsing due to high energy costs Wrongside, my father in law lives in a small village in the Black Forest region (Hardt). He just got off oil because of the constraints of the German Government on oil burners that they want phased out.. I believe they are forcing a phase out.
He put in a $40k € wood pellet boiler system a couple years ago. He received a tax payer subsidy for half the cost.
He had a solar system for hot water and separate for power installed years ago. Well insulated homes over there so he only burned about 2.5 metric tons of wood pellets a year.
He thought he was ahead of the game when the proxy war hit..
Well. with the US military industrial complex forcing a proxy war between the US's money laundering nation of Ukrain and Russia, German companies are eating up the wood pellets from the manufactures.
They have transitioned to wood furnaces as well due to the Germans being asked to take ANOTHER one for the team, which has driven up the cost of a metric ton from the mid 200's to the mid 700's.
In other news, Swedish Government has a finding on the investigation of how Nordstream 2 was sabotaged.. but can't say for security reasons... whaT?! whhAT??!! WHATTT????!!!!
Biden diaper change in aisle Penn Ave.
Ponderous.
wrongsideoftrax wrote: This is all insolvency's in just one day due to unaffordable electricity in Germany...
NEW - Germany:
80 years after foundation: German furniture manufacturer Hlsta insolvent.
85 years after foundation: Large bakery chain Thilmann insolvent.
125 years after foundation: German construction company Wolff Hoch- und Ingenieurbau insolvent.
130 years after foundation: German confectionery manufacturer Bodeta insolvent.
156 years after foundation: German automotive supplier Borgers insolvent.
170 years after foundation: German soap maker Kappus insolvent.
All of the above insolvencies were reported in the last 24 hours due to high energy costs.