The “World’s Dumbest Energy Policy” Just Got Dumber…The Frightening Race To Reset By World War
By P Gosselin on 22. February 2022
Share this...
Just when we thought leaders couldn’t possibly screw things up more…now Europe faces a massively crippling energy shock and the German Chancellor closes pipeline…NATO’s frightening race to war with Russia.
The inflation rate in Germany stood at +4.9% in January, 2022. In December 2021, it had been +5.3% when it reached its highest level in almost 30 years.
Chart: Destatis.
Soaring energy costs
The main inflation driver for Germany is energy, which in January saw an increase of 20.5% year on year.
According the the the Federal Statistical Office, motor fuel prices jumped 24.8% and household energy prices 18.3%, year on year. The price of home heating oil rose a whopping 51.9%, natural gas up 32.2% and electricity +11.1%.
The steep price rise for energy products was affected by several factors: 1) the CO2 charge that increased from 25 euros to 30 euros per metric ton of CO2 at the beginning of the year and 2) higher electricity prices.
https://notrickszone.com/2022/02/22/the-worlds-dumbest-energy-policy-just-got-dumber-the-frightening-race-to-reset-by-world-war/?utm_source=feedly&utm_medium=rss&utm_campaign=the-worlds-dumbest-energy-policy-just-got-dumber-the-frightening-race-to-reset-by-world-war
