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04-16-23, 07:08 AM | #301 |
Soaring
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The antithesis to Germany: while Germany has shut down its last three nuclear power plants, a new nuclear reactor has come online in Finland, albeit 12 years late. All tests have been completed and regular electricity production has begun. It is the third reactor at the Olkiluoto nuclear power plant in southwestern Finland and is expected to cover 14 percent of the country's electricity production, according to TVO.
The Olkiluoto 3 reactor was built by the German-French consortium Areva-Siemens, and construction began in 2005. At 1600 megawatts, it is the most powerful nuclear reactor in Europe. Together with the two older reactors, the Olkiluoto NPP now produces "about 30 percent of Finland's electricity," according to the operator. Cry, Germany, cry.
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04-16-23, 01:57 PM | #302 |
Chief of the Boat
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Crazy and avoidable situation.
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04-17-23, 01:02 PM | #303 |
Chief of the Boat
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According to Reuters, the coalition of the "Big Seven" countries (G7) will keep the price limit for Russian oil delivered by sea at the level of 60 dollars per barrel.
The G7 and Australia decided to keep the cap in place in the past few weeks after reviewing the $60 price set in December. This comes after four weeks of rising oil prices, helped by production cuts announced by OPEC+ and a recovery in Chinese consumption. On Monday, the market consolidated, Brent crude oil futures and US crude oil remained above 80 dollars per barrel. Russian oil is sold at a discount of about $30 to Brent. Coalition officials concluded that the price cap works to limit Russian revenues while maintaining energy market stability, but said they would continue to coordinate to ensure effective monitoring and enforcement, the Reuters source added. The coalition is also stepping up efforts to combat evasion of the price ceiling and sanctions imposed on Russia, including the use of deceptive practices to gain access to insurance and other coalition services for oil sold above the ceiling. Coalition members plan to develop guidelines to help service providers spot signs of evasion, such as manipulating vessel tracking or failing to itemize shipping, freight, customs and insurance costs separately from the oil itself, the agency spokeswoman said. The oil price cap prohibits G7 and European Union companies from providing transport, insurance and financing services for Russian oil and petroleum products if they are sold at a price higher than the cap. A Reuters source noted that a recent International Energy Administration (IEA) report concluded that the G7 sanctions regime had been effective, "not restricting global supplies of oil and petroleum products, but at the same time limiting Russia's ability to generate export revenues." The IEA said on Friday that Russia's March revenues from oil sales rose by $1 billion month-on-month to $12.7 billion, but were still 43% lower than a year earlier. Earlier, the European Commission informed EU member states that limiting the price of Russian oil at $60 per barrel is proving effective in limiting the Kremlin's access to petrodollars without disrupting the market, and will remain unchanged for the time being.
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04-19-23, 05:17 AM | #304 |
Chief of the Boat
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Russia has warned Europe that it faces a fresh gas crisis next winter as it scrambles to restock reserves as Vladimir Putin launches a new attempt to weaponise energy.
Gazprom, Russia’s state-owned gas supplier, said Europe had made it through winter despite cuts in Russian gas supplies owing to mild temperatures but warned there “is no guarantee that nature will make such a gift” again. In a statement on Twitter, it said restocking for next winter would not be easy, blaming “politically motivated decisions aimed at halting the imports of Russian pipeline gas”. Russia curbed pipeline gas supplies to Europe last year in retaliation for sanctions issued in the wake of its invasion of Ukraine. The scramble to replace Russian gas with imports from around the world triggered a surge in prices and a major cost of living crisis that has cost Europe’s governments billions of euros. However, Europe is now emerging from winter with gas stocks more than half full, close to record highs for the time of year. That puts the continent in a stronger position to manage with less Russian gas, while it can also lean on imports of liquified natural gas (LNG) from elsewhere. https://www.msn.com/en-gb/money/othe...8a3c8d70&ei=18
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04-19-23, 10:20 AM | #305 | |
Fleet Admiral
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Here's another threat to todays and coming wind power
Quote:
Markus
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04-19-23, 11:38 AM | #306 | |
Soaring
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Quote:
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04-23-23, 04:16 PM | #307 |
Soaring
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I posted this in the Germany thread before, but it belongs into this energy thread as well.
https://think--again-org.translate.g..._x_tr_pto=wapp
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04-27-23, 01:32 PM | #308 |
Chief of the Boat
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04-28-23, 08:52 AM | #309 |
Soaring
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^ Quite some Western and German companies deliberately refuse to cancel their profitable business in Russia, or feigned social responsibility for their Russian workers as an excuse to stay. Others simply waited and waited and waited too long while indulging in delicious hopes of the magic fairy who would make the world whole and good overnight.
My sympathy is kept within extremely narrow limits.
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04-28-23, 10:27 AM | #310 |
Chief of the Boat
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^ Me too
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04-30-23, 07:28 AM | #311 | |
Chief of the Boat
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Meanwhile.....
Quote:
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05-02-23, 06:21 AM | #312 | |
Chief of the Boat
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Absolutely ludicrous when so many are struggling to stay warm.
Quote:
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05-02-23, 07:33 AM | #313 |
Soaring
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Got my latest electricity bill update. I consumed 25% less in past 12 months (i altered nothing in my household habits, I have no clue how that drop comes, we heat with oil in thios house, not electrical), but I pay 50% more.
Simultaneously the government promises to see electricity prices drop while the electricity supply is being further reduced and hydroelectric power is now being demonized and is to be shut down at all costs. A left-green party propagandist (in the rank of a state secretary...) has also blabbed on state TV at prime time and implied that the Greens are not so much concerned with the climate as with the socio-political equalization of households - everyone should have the same much or little, in plain language. I have always said it, for years. The Greens are not about eco, but about Marxist-Maoist social revolution. The Greens are merely Reds painted green. They have copied their tactics from the Greeks' wooden horse at Troy. Germany, this biggest free air mental asylum in Europe, falls for it since decades.
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05-04-23, 05:12 PM | #314 |
Rear Admiral
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So, is it true Germany has dismantled a wind farm in order to expand a coal mine?
That’s probably why your electric bill went up, at least until they can get the coal plant fired up, maybe.
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05-08-23, 08:04 AM | #315 |
Chief of the Boat
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Moscow was hit in its oil exports by sanctions following President Vladimir Putin's decision to invade neighbouring Ukraine in February 2022. But the Russian oil still needs to flow, albeit in much-reduced quantity, to avoid a disastrous crash in the market, an expert said.
Samir Dani, author and professor at Keele University, explained why G7 countries have decided to put a cap on the cost of Russian oil per barrel rather than completely ban it from the market. He told Express.co.uk: "It is not a complete ban on the Russian export of oil, but the cap aims at reducing the revenues that Russia gets through the sale of the oil. "In terms of the G7 countries, they're doing this so that it does not cause an oil crisis and it does not cause further inflation. "So the G7 countries are keeping the oil flowing through the world, but trying to reduce the revenue that Russia gets for its economy."
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