Gentlemen, it closes! The industrial system has grown tired and is starting to close. Government and EU indifferent
Gentlemen, it closes-. The industrial system is fed up with the constant shocks on prices and quantities supplied from an energy point of view and, not considering the industrial situation more sustainable, it decides the simplest and most logical way: to stop production and close.
To show you this, we present a very useful tweet from @Durezzadelviver, a very lucid analyst on the subject, therefore unheard in Rome and Brussels.
Also in March there was a dramatic drop in industrial gas demand. The country is stalling. Indeed, by turning off. pic.twitter.com/OBGxdsFXYQ
– The hardness of living
(@hardnessdelviver) March 22, 2022
if we focus on the graphs we see a clear decline in electricity consumption, but even more in those relating to natural gas
Especially on gas, the downward trend is evident, but if we analyze the daily gas consumption revealed by the GME market authority this is even more evident.
| Tuesday 01 | 105.896 | 5,161.00 | 123,864.00 |
| Wednesday 02 | 116.722 | 13,368.00 | 320,832.00 |
| Thursday 03 | 165.689 | 12,337.00 | 296,088.00 |
| Friday 04 | 164.773 | 10,796.00 | 259.104.00 |
| Saturday 05 | 181.274 | 9,726.00 | 233,424.00 |
| Sunday 06 | 179.504 | 9,099.00 | 218,376.00 |
| Monday 07 | 192.775 | 7,342.00 | 176,208.00 |
| Tuesday 08 | 238.773 | 8,232.00 | 197,568.00 |
| Wednesday 09 | 209.088 | 9,509.00 | 228,216.00 |
| Thursday 10 | 159.577 | 9,835.00 | 236,040.00 |
| Friday 11 | 132.078 | 11,830.00 | 283,920.00 |
| Saturday 12 | 123.183 | 5,849.00 | 140,376.00 |
| Sunday 13 | 122.405 | 8,860.00 | 212,640.00 |
| Monday 14 | 123.314 | 12,594.00 | 302,256.00 |
| Tuesday 15 | 115.592 | 9,466.00 | 227.184.00 |
| Wednesday 16 | 116.047 | 5,884.00 | 141,216.00 |
| Thursday 17 | 103.657 | 7,088.00 | 170,112.00 |
| Friday 18 | 103.457 | 6,981.00 | 167,544.00 |
| Saturday 19 | 96.626 | 9,290.00 | 222,960.00 |
| Sunday 20 | 96.646 | 9,475.00 | 227,400.00 |
| Monday 21 | 100.828 | 6,793.00 | 163,032.00 |
| Tuesday 22 | 96.55 | 4,162.00 | 99,888.00 |
For example, let's take a look at consumption on Mondays: on the 7th 192 megawatts of natural gas were consumed, on the 14th it was 123,000 on the 21st we are at 100,000. It is clear that there is a drop of over 20% per week. Now if we consume much less gas and electricity, it is not that we have gone green overnight, or that we have all turned off the light in the house or lowered the temperature by two degrees. They are the companies that are closing production lines at an accelerated pace.
The companies therefore close and lay off redundancies having two possibilities:
- transfer the productions where the energy shock is not so high;
- permanently close;
The first solution produces unemployment, the second stagflation, because the lack of goods compared to the demand causes their prices to rise, together with the unemployment created by the closures. It seems that the problem concerns only a handful of bloggers and analysts anyway, because we do not see any urgency in the Italian government or in the European authorities. Indeed, there is talk of further energy sanctions that would make the situation even worse. The Italian government seems seized by a sort of autism and has not responded to stimuli for some time, while the commission is even happy with the industrial disaster created which would only accelerate the "Green Transition". Who knows since it will produce the Von Der Leyen sweaters …
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The article Gentlemen, closes! The industrial system has grown tired and is starting to close. Government and the indifferent EU comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/signori-si-chiude-il-sistema-industriale-si-e-stancato-e-inizia-a-chiudere-governo-ed-eu-indifferenti/ on Tue, 22 Mar 2022 10:01:39 +0000.