Post
Topic
Board Economics
Re: Who will Replace Russian Gas Supplies to Europe?
by
be.open
on 18/06/2022, 08:23:37 UTC
Should Germany should actually start a new Nuclear energy program to meet their energy needs? I'm a mere pleb, I don't know. The obvious answer, yes. I believe the United Kingdom has already started.

One of the problems with nuclear power is that everything is very slow there, it will take years, if not decades, to fully resume the European nuclear program. Another problem is with the source of enriched uranium supplies, which is approximately 40% controlled by Russia. There are also difficulties with unenriched uranium, it simply does not exist in Europe, and Africa does not seem to have the necessary enthusiasm to be a cash cow for its former colonialists.


 Shocked

Germany might have believed too much in its Renewable Energy program, that they might have thought they were not coming back to Nuclear Energy. Plus can Uranium be stored? Or can Russia use their Uranium exports to punish Europe/the U.S. again?
It's strange that this is surprising to you. Russia is a very strong player in the energy market, and in many aspects (including uranium enrichment). And of course, in the context of sanctions and the actual economic war between the West and Russia, Russia will use all its weighty arguments to secure victory or at least an advantage. The United States also cannot do without the supply of enriched uranium from Russia, it provides approximately 20% of all electricity generation at nuclear power plants in the United States.


Shower thought. Black Swan = World War III?

I believe if Germany and the restof Europe is pushed enough, they might strike back and use Ukraine as the entry.
Germany now does not have a combat-ready army capable of resisting Russia. No one in NATO, including the United States, has a combat-ready army capable of resisting Russia (which is why NATO is so diligently distancing itself from direct participation in the conflict in Ukraine). Don't be fooled, most European armies are decorative, like the Vatican Guards.