Industry and infrastructure collapsing by the day across Europe and the USA
In yet another truly astonishing announcement that demonstrates the desperation of this hour, German steelmaker ArcelorMittal, one of the largest steel production facilities in Europe, has shuttered operations due to high energy prices. (See their announcement here, in German.)
“With gas and electricity prices increasing tenfold within just a few months, we are no longer competitive in a market that is 25% supplied by imports,” said CEO Reiner Blaschek.
This comes after announced closures of aluminum smelters, copper smelters and ammonia production plants over the last few weeks. Ammonia — necessary for fertilizer — is now 70% offline in the EU.
Adding to the misery, in just the last 24 hours, Russia announced a complete ban on natural gas exports to Europe until the West’s economic sanctions are lifted. This means the Nord Stream 1 pipeline is now shuttered for the foreseeable future, since delusional NATO countries are incapable of correcting their errors and backing down from Russia.
With steel and other industrial metals also offline, one wonders how Western Europe is supposed to function over the next six months of winter:
No steel = No industry (or industry jobs)
No fertilizer = No food
No natural gas = No electricity or heat
In essence, three of the pillars that allow a modern society to function are being severely crippled by economic sanctions and sky-high energy prices across Europe.
And it’s only the first week of September. The cold weather hasn’t even arrived yet. No matter how much natural gas is already stored for the winter, Europeans are facing both sky-high costs and scarcity on a level that hasn’t been experienced since World War II.
There simply isn’t enough energy available to power European cities and heat all the buildings this winter, and there’s not enough food in the pipeline to feed everyone in 2023, either.
The San Francisco Chronicle is reporting today that rolling blackouts may begin in California this evening. There’s simply not enough electricity to meet demand, so thousands of homes and businesses are going to be forcefully disconnected from the power grid. This is after the state begging electric vehicle owners to avoid charging their EVs from 4 – 9 pm. (Question: What happens if millions more Californians buy electric vehicles and plug them in?)
It turns out that dismantling the power grid infrastructure in order to appease left-wing greenies doesn’t keep the lights on. This must be incredibly confusing to the Leftists, given that they thought if all fossil fuels were shut down, a magical utopia would spontaneously emerge. Instead, they’ll be burning candles, cranking wind-up radios and crapping in buckets when the water towers run dry due to lack of electricity for the water pumps.
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