Power Markets In Crisis

The crisis already produces effects. Just 6 months ago it would have been suicidal for a leading German politician to suggest building LNG import terminals to bring in US LNG. Tonight this has happened in a very popular TV debate. High prices and power unreliability start to gnaw away on the German prosperity (together with a plethora of other reasons) and people start to be worried. A few years ago I predicted that Germans will build new nuclear power plants before 2030. I stand by that prediction.

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