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Germany To Use Firewood, Coal If Russia Cuts Off Gas Supply

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Germany To Use Firewood, Coal If Russia Cuts Off Gas Supply

Germany To Use Firewood, Coal If Russia Cuts Off Gas Supply

Germany To Use Firewood, Coal If Russia Cuts Off Gas Supply.

German households could turn to wood as a heating source this winter as gas supplies remain tight while Russia restricts flows to Europe, Deutsche Bank wrote in a note Tuesday. The bank said it expects gas consumption in Germany to be 10% below 2021 levels thanks to private households saving and high gas prices. It also noted that coal and lignite could emerge as replacements for natural gas in the industrial power sector.

“There are lots of elements of uncertainty, especially with respect to our assumptions on supply from other countries and demand,” the note said.

Deutsche’s latest reading comes as Europe braces for a potentially colder winter than normal, and as Russia’s invasion of Ukraine has left questions for the future stability of natural gas flows. Moscow has already curtailed shipments to several countries including Bulgaria and Poland over a refusal to make payment in rubles, and the EU is worried that the bloc won’t be able to sure up enough energy stores without an alternative source.

And the outlook isn’t showing signs of improving. Gazprom, Russia’s state-run oil giant, sent mixed messages Wednesday about whether gas flows would be restored to the Nord Stream 1 in the near future after it was shut off for schedule maintenance through July 21.

Deutsche Bank’s assertion that households could turn to wood for heat isn’t without merit. Amid a power outage last winter, Texas households resorted to burning wood and furniture for heat. The switch, Deutsche Bank says, would further drive down gas demand in Germany.

“Both savings and substitution have already led to a reduction in German gas consumption by more than 14% year-over-year in the first five months of 2022,” the note says. The bank added that some facilities in Germany could shutter as energy costs rise, further complicating the situation.

Business Insider | Telegraph UK

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Kid Cudi Clarifies Drake Comments Following Explosive Interview

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Kid Cudi Clarifies Drake Comments Following Explosive Interview

Kid Cudi Clarifies Drake Comments Following Explosive Interview.

Kid Cudi recently made some very interesting comments during an interview with Esquire. Cudi spoke about his relationship with none other than Kanye West and how it has become completely fractured. Cudi believes that Kanye is in a very bad place right now, but it remains difficult to forgive him for everything that has happened, especially in light of the Pete Davidson drama. Simply put, these two won’t be friends again, anytime soon.

“With all due respect, I’m not Drake, who’s about to take a picture with him next week and be friends again, and their beef is squashed,” Cudi explained. “That’s not me. What I say, I mean. I will be done with you. It’s gonna take a motherfucking miracle for me and that man to be friends again. I don’t see it happening. He gon’ have to become a monk.”

Cudi’s mentioning of Drake raised a few eyebrows, although Cudi is setting the record straight on that. While taking to Twitter, Cudi made it clear that he has a lot of love and respect for Drake, and that he never meant to disparage the superstar artist.

“Just to be clear, I wasnt tryna throw a shot at Drake. I got love 4 him,” Cudi said. “My point I was tryna make is that im not so forgiving. Meaning he might be a lil nicer than me in that situation w dude. Thats all. Maybe that came off wrong thru my words. So yea, all good w Drake.”

Cudi has had a contentious past with Drake, but now, they are on better terms than he and Ye. It’s the sad reality of the situation, although someday, we hope they can reconcile.

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