• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 2 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 hours "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 5 days Wind droughts
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 8 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 8 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 23 hours Xi Is Set To Be Re-Elected As China’s Leader
  • 6 days Oil Prices Fall After Fed Raises Rates
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 14 days The Federal Reserve and Money...Aspects which are not widely known
Putin Sees Pushback From Russians Following Nuclear Saber-Rattling

Putin Sees Pushback From Russians Following Nuclear Saber-Rattling

Russian President Vladimir Putin’s nuclear…

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