{"id":251808,"date":"2022-04-05T07:03:55","date_gmt":"2022-04-05T07:03:55","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=251808"},"modified":"2022-04-06T07:40:21","modified_gmt":"2022-04-06T07:40:21","slug":"german-chemical-behemoth-warns-of-countrys-total-collapse-if-russian-oil-gas-is-cut-off","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=251808","title":{"rendered":"German chemical behemoth warns of country\u2019s \u201ctotal collapse\u201d if Russian oil, gas is cut off"},"content":{"rendered":"

JD Heyes \u2013 Natural News April 4, 2022<\/strong><\/h1>\n

The economic fallout from Russia\u2019s invasion of Ukraine is continuing to reverberate throughout Europe, though it is hitting some countries far worse than others.<\/p>\n

That is especially true of Germany, which was reliant on Moscow for the lion\u2019s share of its annual natural gas supply.<\/p>\n

The U.S. and other Western nations have imposed sanctions on the purchase of Russian oil and gas, but not all European nations are keen to do that so quickly without being assured they can obtain supplies elsewhere. And with the Biden regime so quick to dismantle the U.S. oil and gas industry, thanks to demands by lunatic leftists within the Democrat Party, Berlin can\u2019t really depend on a steady supply from America. And there isn\u2019t any other viable alternative readily available.<\/p>\n

That said, the Germans are increasingly skittish about simply dropping Russian gas, and with good reason: Without it, the country\u2019s economy is liable to collapse completely, according to the CEO of Germany\u2019s multinational BASF SE, which is the world\u2019s largest producer of chemicals.<\/p>\n

Company CEO Martin Brudermuller warned that either limiting or cutting off energy imports from Russia would likely put in doubt the viability of small and medium-sized energy firms to continue operating in the country while also spinning Germany off into the most \u201ccatastrophic\u201d economic crisis since the end of World War II, when the country lay in ruins following an Allied invasion.<\/p>\n

Brudermuller, who made his remarks to the\u00a0Frankfurter Allgemeine\u00a0newspaper<\/a> right before German officials, in the middle of last week, provided an \u201cearly warning\u201d to industries as well as the German population that there could potentially be shortages of natural gas, as the Kremlin appears committed to President Vladimir Putin\u2019s demand that \u201cunfriendly countries\u201d settle their energy payments in rubles, the Russian currency, following Western sanctions<\/p>\n

While he suggested that \u201cGermany could be independent of Russia gas in four to five years,\u201d for now, he conceded, \u201cLNG imports cannot be increased quickly enough to replace all Russian gas flows in the short term.\u201d<\/p>\n

In the meantime, Brudermuller said \u201cit\u2019s not enough that we all turn down the heating by two degrees now,\u201d since \u201cRussia covers 55 percent of German natural gas consumption.\u201d He explained forcefully that if Moscow\u2019s gas flows disappeared overnight, \u201cmany things would collapse here\u201d since \u201cwe\u00a0would have high levels of unemployment, and many companies would go bankrupt. This would lead to irreversible damage.\u201d<\/p>\n

\u201cTo put it bluntly:\u00a0This could bring the German economy into its worst crisis since the end of the Second World War and destroy our prosperity,\u201d Brudermuller continued. \u201cFor many small and medium-sized companies, in particular, it could mean the end.\u00a0We can\u2019t risk that!\u201d<\/p>\n

Here is the question posed by the newspaper, along with the BASF CEO\u2019s response<\/a>:<\/p>\n

And what if, for example, Putin\u2019s demand for payment in rubles leads to an immediate stop in gas supplies?<\/em><\/p>\n

\u201cA delivery stop for a short time would perhaps open the eyes of many \u2014 on both sides.\u00a0It would make clear the magnitude of the consequences. But if we don\u2019t get any more Russian gas for a long time, then we really have a problem here in Germany,\u201d he noted.<\/p>\n

\u201cAt BASF, we would\u00a0have to scale back or completely shut down production at our largest site in Ludwigshafen if the supply fell significantly and permanently below 50 percent\u00a0of our maximum natural gas requirement. Minister Habeck has already activated the early warning level of the gas emergency plan,\u201d he continued.<\/p>\n

Russia\u2019s Putin played his hand brilliantly, whether we want to admit that or not, in calculating what he could and couldn\u2019t get away with in terms of dealing with Ukraine. Sanctions on his country will sting, but he seems far more prepared to weather the economic storm<\/a> than those countries trying to sanction him.<\/p>\n

Sources include:<\/strong><\/p>\n

FAZ.net<\/a><\/p>\n

ZeroHedge.com<\/a><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With the collapse of many industries the crisis with Russia will help bring Agenda 2030 closer to fruition. Along with the prospect of widespread depopulation <\/p>\n","protected":false},"author":39262,"featured_media":251810,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[61,58],"tags":[],"class_list":["post-251808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Commentary","category-Current_Affairs"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/251808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=251808"}],"version-history":[{"count":4,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/251808\/revisions"}],"predecessor-version":[{"id":251813,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/251808\/revisions\/251813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/251810"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=251808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=251808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=251808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}