27 September 2022

Energy Prices Are Killing German Industry

But that is what the proponents of Green Energy want. Germany’s “Tenfold Increase In Gas And Electricity Prices” Is Driving Out Industry

What leaves once, will not come again. While energy prices in Europe are going through the roof, they remain moderate in the USA. This will have serious consequences for energy-intensive industries.

The world's largest steel producer, Arcelor-Mittal, shut down one of its blast furnaces, and started buying sponge iron from the US.

And the increase in costs are being passed on. So cars, appliances, and everything else down to scissors and paperclips will cost more.

Hat tip to Watts Up With That.

1 comment:

  1. And now with the pipelines wrecked, Germany might as well hang a sign: "Closed until further notice"

    ReplyDelete

Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.

Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.