On August 22 the exchange-traded market price for natural gas in the German THE (Trading Hub Europe) gas hub was trading more than 1000% higher than a year ago. Most citizens are told by the Scholz regime that the reason is Putin and Russia’s war in Ukraine. The truth is quite otherwise. EU politicians and major financial interests are using Russia to cover what is a Made in Germany and Brussels energy crisis. The consequences are not accidental.
It is not because politicians like Scholz or German Green Economy Minister Robert Habeck, nor EU Commission Green Energy Vice President Frans Timmermans are stupid or clueless. Corrupt and dishonest, maybe yes. They know exactly what they are doing. They are reading a script. It is all part of the EU plan to deindustrialize one of the most energy-efficient industrial concentrations on the planet. This is the UN Green Agenda 2030 otherwise known as Klaus Schwab’s Great Reset.
What the EU Commission and government ministers in Germany and across the EU are carefully hiding is the transformation they have created in how the natural gas price is determined today. For almost two decades the EU Commission, backed by the mega banks such as JP MorganChase or large speculative hedge funds, began to lay the basis for what is today a complete deregulation of the market for natural gas. It was promoted as the “liberalization” of the European Union’s natural gas market. What it now allows is for unregulated real-time free market trading to fix prices rather than long-term contracts.
Habeck in fact is doing all possible to build the Green Agenda and eliminate gas and oil and nuclear, the only reliable energy sources at present. He refuses to consider re-opening three nuclear plants closed a year ago or to reconsider closing the remaining three in December. While declaring in a Bloomberg interview that, ”I will not approach this question ideologically,” in the next breath he declared, “Nuclear power is not the solution, it is the problem.” Habeck as well as the EU Commission President Ursula von der Leyen have repeatedly declared more investment in unreliable wind and solar is the answer to a gas price crisis that their policies have deliberately created. In every respect the suicidal energy crisis ongoing in Europe has been “Made in Germany,” not in Russia.