Saturday, July 23, 2022

German Government Nat Gas Nonsense

 There's a story in Germany that's really similar to the France nuclear power industry fiasco.

As natural gas prices spiked, regulation prevented one German company from passing along the cost to consumers, so one of the companies in that industry went bankrupt... Now it's being "bailed out", really initial stages of nationalization, by the German government. The government is also subsidizing the poor who can't afford natural gas.

It's a downward spiral of insanity.

No comments:

Post a Comment