Poke The Bear, Suffer A Frosty Winter
In hindsight, launching an economic war against your key energy supplier wasn't the smartest idea. It wasn't the smartest idea in foresight either, as we noted at the time ("Sanctioning Ourselves"; "Economic War Against A Real Economy"), but now it looks like Germany is going to suffer next winter. There was a good piece on Tuesday by an industrial chemist explaining how, in addition to freezing ordinary Germans, the expected shortage of natural gas is going to hammer the German chemical industry. I've posted it in full below. Before that, a brief update on our natural gas post from a couple of weeks back.
