The natural gas tax enacted by children’s book author Robert Habeck, who is the head of German Ministry of Economy and Climate Protection, means a disaster that the entire public will provide billions of euros to energy companies and electricity suppliers.
Due to the sanctions targeting Russia, Germany is now making the public pay in advance for the loss caused by the gas cut due to force majeure. This tax is for putting billions into the pockets of energy monopolies, which is the usual way of functioning of the Western economic system.
Even if there was a real danger of bankruptcy faced by these companies, nationalization method would be a much simpler way in fixing that or shareholders could give up some of their money.
But of course, this will not happen, because it is always plain citizens who paid the price so that the richest of the rich would not lose from their profits, and now it is the same case. Thus, Habeck’s ministry created a pool of money from which energy companies would be compensated.
This ridiculous policy, which first artificially created the gas crisis and then made the citizens pay the price, was a conscious act, aside from all of Habeck’s incompetence and, just like in the 2008 financial crisis.
And it’s hard to understand what the experts at the Federal Ministry of Economy are now surprised at; the Nord Stream turbine, which was malfunctioned and repaired, can now not be returned to Russia due to sanctions. It was the Kyiv administration, not Moscow, that cut off the gas from the pipelines in Ukraine.
Ministry of Fools
Maybe this part is not worth discussing but Habeck’s explanation on natural gas tax is interesting. Here is the statement made by Habeck at the beginning of August:
“[…] We honestly need to say that the decision is correct in theory though it created a fuss among public, we need to add that we do not know which companies have shares in side institutions or if the natural gas market is integrated, is translucent or not.”
The minister managing the energy consumption of the country states that including himself, all the people working under this energy handling institution has no clue of natural gas market.
It is known by everyone that the European relative welfare depends on cheap commodity meaning Russia. Right now, all sources in Germany is in danger because the origin providing this modest welfare started to deflate.
This situation is also count for the Scandinavian countries such as Finland, Denmark and Swedish which are referred as the countries with the most ideal economic systems in the world.
To trace the reason why Habeck is so relaxed about making such statement while the whole country is facing a tremendous danger one needs to check the working model of major media.
Also seen in the past, German press likes to deceive. There is no harm in the Greens doing pretty much whatever they want, repeatedly lying to their constituents, or even publicly exposing their incompetence.
Though one needs to remember that Habeck thinks everything will work out at some point, in some way.
Main reasons for energy crisis
“Russia cut the natural gas.” “Putin played the energy card.” These words and similar ones are often repeatedly used in Turkish press in an intentional or unintentional way.
It is actually ridiculous to say that with seven package-sanctions announced by Brussels, they prevent the fulfillment of mutual contractual obligations – such as the inability of the North Stream turbine to return to the Portavaya station.
But apart from that, the beginning of the energy crisis does not coincide with the military action in Ukraine, the main source of these problems was the Green Agreement.
With the “transition to green” project, the share of wind energy in electricity generation has been increased. As the summer of 2021 was extremely hot and windless, production dropped and gas started to be used in electricity generation. Therefore, Germany could not enter the winter months in a prepared manner.
Another reason was the insistence of European politicians working in favor of the US energy monopolies to abandon the much cheaper pipeline gas and start buying LNG. This is one of the biggest causes of gas shortages in Europe; because gas prices in Asia were much higher than in Europe last summer, and American tankers shipped to Asia instead of Europe.
Finally, the gas reform of the EU Commission turned natural gas into an object of speculation. While Gazprom sells gas to Europe with long-term contracts with a price varying between $230 and $300, intermediary companies have made a profit by selling it to the final consumer at prices like 2,000 euros.
