2022

Supply crisis and price explosion: energy poverty has reached the middle class

Rising energy prices in Germany have so far hit the lower income groups hard. In the meantime, the middle class is also suffering. This means that Germany has the greatest energy poverty in post-war history. Share of energy costs in the household budget On average, the German household spends 10.2 % of its disposable income

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The destruction of our prosperity

Inflation, energy shortages and the decline of the euro against the dollar are already having a massive impact on our prosperity. Due to the massive rate of price increases, larger households are already losing a quarter of their purchasing power. Companies are closing down or relocating their production abroad. The cause of this is the

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German economy crashes

The latest figures show the massive impact of energy policy on the German economy. The trade balance is negative for the first time since 1991, due to the dramatic collapse of exports to China and Russia (Welt: 04.07.22). Not a single German company is among the world’s top 100 any more. More and more companies,

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Experts doubt that Habeck’s LNG strategy will work

Economics Minister Robert Habeck wants to replace Russian natural gas with liquefied natural gas (LNG). But this involves considerable quantities that are not available on the world market and the necessary infrastructure is not in place. German shipowners have now expressed massive concerns that Habeck’s LNG strategy will work. Experts criticise LNG strategy of the

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Penalty tax on roofs without solar panels under discussion

Economics Minister Habeck wants to expand renewable energies to 80 per cent of electricity demand by 2030. He envisages a quadrupling of the expansion with solar installations. However, the introduction of a nationwide solar roof obligation has failed so far. Now the managing director of the engineering firm Solar Experience, Stefan Abrecht, is proposing a

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The Gas War

The rich European industrialised countries are trying to become independent of Russian gas supplies. To this end, they buy liquefied gas on the world market from all available sources and pay almost any price for it. This leads not only to an explosion in prices, but also to massive supply bottlenecks in the emerging countries.

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