Advertisement

Drudge Retort: The Other Side of the News
Monday, November 14, 2022

The decision is meant to safeguard Germany's energy security. Poland has also announced it will take over Russia's Gazprom assets in the country.

More

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Third world countries, take note.

#1 | Posted by NerfHerder at 2022-11-14 12:03 PM | Reply

GOOD

#2 | Posted by e1g1 at 2022-11-14 01:11 PM | Reply

Related...

Germany signs deal to nationalize gas giant Uniper (September 2022)
www.dw.com

...The German government will acquire a 99% stake in the ailing gas importer Uniper, as Russia's gas supply freeze threatened to drive the company into bankruptcy.

On Wednesday, Finnish state-owned energy company Fortum, the former majority shareholder of Uniper, announced it had signed an agreement in principle that will be finalized following the completion of a capital investment and the acquisition of Uniper shares by the German government.

The German Economy Ministry confirmed that the government is taking of a total of 99% of Uniper, creating a "clear ownership structure in order to secure Uniper and thus the energysupply for companies, municipal utilities and consumers."

The acquisition of the shares will be completed after the fulfillment of various regulatory requirements, along with approval at Uniper's general assembly meeting and approval from the European Commission, it added....


#3 | Posted by LampLighter at 2022-11-14 02:01 PM | Reply

Wow. It's almost like energy is a requirement of modern life and should be provisioned like a utility.

#4 | Posted by snoofy at 2022-11-14 02:04 PM | Reply

I thought Germany was capitalist. Where's Madbomber to bray about the socialist takeover?

This will not stand. There's too much private profit being prevented.

#5 | Posted by Effeteposer at 2022-11-14 02:09 PM | Reply

"This will not stand. There's too much private profit being prevented."

Pipsqueak Russian shill thinks he knows more than the leaders of Germany! Hilarious.

#6 | Posted by danni at 2022-11-14 03:53 PM | Reply

@#5 ... Where's Madbomber to bray about the socialist takeover? ...

The takeover would not have been needed if Pres Putin had not done his unprovoked invasion of a sovereign Ukraine.

Indeed, quite the opposite was occurring before that unprovoked invasion, i.e., the West and Russia had been deepening economic ties and trade.


... There's too much private profit being prevented. ...

If you really think that is true, then maybe your should register a complaint with your handlers, and ask them to forward it to Pres Putin for you.


#7 | Posted by LampLighter at 2022-11-14 04:53 PM | Reply

"Indeed, quite the opposite was occurring before that unprovoked invasion, i.e., the West and Russia had been deepening economic ties and trade."

Germany, and probably others in the west, felt that trading with Russia would bring them closer and more integrated into the western sphere. I don't know if it was intentional or not, but Russia basically got the west addicted to cheap energy that aligned with their anti-nuclear ideals. That appears to have been a deal with the devil, and now western Europe is paying for it.

If I were an EU representative, I would be planning on a world without Russia as a trading partner. Or at least a primary partner. Nuclear power is the most logical way to provide that IMO.

#8 | Posted by madbomber at 2022-11-14 10:20 PM | Reply

@#8 ... Germany, and probably others in the west, felt that trading with Russia would bring them closer and more integrated into the western sphere. ...

Yup.

... I don't know if it was intentional or not, but Russia basically got the west addicted to cheap energy that aligned with their anti-nuclear ideals. That appears to have been a deal with the devil, and now western Europe is paying for it. ...

Another yup.

At the time I saw those "deals" occurring I raised objections here on this most august site that Europe was addicting themselves to future blackmail.

... If I were an EU representative, I would be planning on a world without Russia as a trading partner. Or at least a primary partner. Nuclear power is the most logical way to provide that IMO. ...

Yup. EU needs to plan a way forward....



#9 | Posted by LampLighter at 2022-11-14 10:38 PM | Reply

LAMP

Good move. But there are sacrifices. What is your opinion of Germany and Poland of working out all their banking and financial resources before America has to step in to help subsidize?

#10 | Posted by Twinpac at 2022-11-15 07:05 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2023 World Readable

Drudge Retort