This is the (to be fair consumer) price history, and it pretty clearly shows the price calm down and return to pre tension levels due to the detonation and proper action after.
So, since the price remained the same, noone was ever forced to act due to price pressure from norstream. Industry and private housing probably did start retooling before that, due to the price spikes at the start of the war.
It also seems to show that “the market” did not expect the pipeline to reopen, given the spikes.
Give this, I change my opinion to “the nordstream detonation probably improved the german economy and reduced industry downturn”. Be it from added confidence or from creating proper political action.
This is the (to be fair consumer) price history, and it pretty clearly shows the price calm down and return to pre tension levels due to the detonation and proper action after.
So, since the price remained the same, noone was ever forced to act due to price pressure from norstream. Industry and private housing probably did start retooling before that, due to the price spikes at the start of the war.
It also seems to show that “the market” did not expect the pipeline to reopen, given the spikes.
Give this, I change my opinion to “the nordstream detonation probably improved the german economy and reduced industry downturn”. Be it from added confidence or from creating proper political action.
Edit:
Oh also germany did not import or use basically any LNG until way after nordstream. It’s not even 0.1% of germanys gas in 2021 and 2022, as you can see from the graph further up.
And your substack blog link seems untrustworthy (and is quite old), but I can’t investigate more because it’s paywalled
There was no industry collapse though.
This is the (to be fair consumer) price history, and it pretty clearly shows the price calm down and return to pre tension levels due to the detonation and proper action after.
So, since the price remained the same, noone was ever forced to act due to price pressure from norstream. Industry and private housing probably did start retooling before that, due to the price spikes at the start of the war.
It also seems to show that “the market” did not expect the pipeline to reopen, given the spikes.
Give this, I change my opinion to “the nordstream detonation probably improved the german economy and reduced industry downturn”. Be it from added confidence or from creating proper political action.
There was no industry collapse though.
This is the (to be fair consumer) price history, and it pretty clearly shows the price calm down and return to pre tension levels due to the detonation and proper action after.
So, since the price remained the same, noone was ever forced to act due to price pressure from norstream. Industry and private housing probably did start retooling before that, due to the price spikes at the start of the war.
It also seems to show that “the market” did not expect the pipeline to reopen, given the spikes.
Give this, I change my opinion to “the nordstream detonation probably improved the german economy and reduced industry downturn”. Be it from added confidence or from creating proper political action.
Edit:
Oh also germany did not import or use basically any LNG until way after nordstream. It’s not even 0.1% of germanys gas in 2021 and 2022, as you can see from the graph further up.
And your substack blog link seems untrustworthy (and is quite old), but I can’t investigate more because it’s paywalled