• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 8 days America should go after China but it should be done in a wise way.
  • 1 day Even Shell Agrees with Climate Change!
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 8 mins Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 33 mins Does Toyota Know Something That We Don’t?
  • 3 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 days World could get rid of Putin and Russia but nobody is bold enough

Breaking News:

Houthis Threaten More Red Sea Attacks

This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

German Advisors Rule Out Extending Nuclear Plant Lifespan To Combat Energy Fears

The flip flopping in Germany over nuclear power continues, with Germany’s economy and environment ministries now reverting back to their old tune of advising against extending the life of three existing nuclear power plants in the country. 

The ministries had "examined if and how extending the life of the power plants in question would contribute to easing Germany’s reliance on Russian energy imports following Russia’s invasion of Ukraine," Bloomberg wrote in a Tuesday morning wrap-up. 

After considering whether or not the steps would ease supply bottlenecks for the coming winter and next "several years", they concluded that it would only have a "very limited" impact in remediating the country's need for power. 

This remediation would come at a "very high economic cost", the ministries found. It could also "carry constitutional and security risks," the report says. Instead, Germany is going to implement a plan of "placing energy procurement on 'more robust pillars' to reduce dependence on Russia and advance the expansion of renewables," Bloomberg wrote.

It was reported earlier in the month that the country was potentially considering extending the lifespan of its remaining nuclear plants as a way to help secure the country's energy supply, given the ongoing geopolitical crisis in Ukraine. 

"The harsh realities of war have led the proverbial energy horse to water in terms of what the most practical solution is to maintain energy in Germany. Now, the country needs to also understand that this isn’t just a temporary solution to their energy problem. Instead, nuclear represents the keys to its long-term energy independence if it wants it," one ZeroHedge contributor wrote days ago. 

We'll wait for Germany to come back around.

Let's check in when crude hits $150...and then again at $200...


By Zerohedge.com 

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News